Canada Cannabis Corp. (CCC) entered into an agreement to acquire Gold Party Payday Inc. (OTCBB:GPAY) in a reverse merger transaction on May 14, 2014. As a part of consideration, GPAY shall issue 1 million shares to shareholders of CCC. Peter Strang, John Esteireiro, Sil Serrano and Dale Rasmussen have resigned as Directors of GPAY. Benjamin Ward has been appointed as Director, Chief Executive Officer and President, John Esteireiro has been appointed as Chief Operating Officer and Director, Peter Strang and Silvio Serrano have been appointed as Vice President and Director, and Dale Rasmussen was appointed as Director of the surviving entity. Tatum L. Morita, the current President, Chief Executive Officer and Chief Financial Officer of GPAY, shall continue as Director pending compliance with Rule 14f-1 of the Exchange Act.

The Board of Directors of CCC and GPAY have unanimously approved the transaction. The completion of transaction is subject to regulatory approvals, approval from OTC Bulletin Board, all applicable approvals of the amalgamation by the shareholders of each of CCC and GPAY, and the current officers and directors of GPAY should have resigned. The transaction shall terminate, if the amalgamation has not been consummated on or before May 30, 2014. Spencer Feldman of Olshan Frome Wolosky LLP acted as legal advisor for Gold Party Payday, Inc. Grady Thrasher of Thrasher, Liss & Smith, LLC acted as legal advisor for Canada Cannabis Corp.

Canada Cannabis Corp. (CCC) completed the acquisition of Gold Party Payday Inc. (OTCBB:GPAY) in a reverse merger transaction on May 20, 2014. Pursuant to the merger agreement, Gold Party agreed to exchange the outstanding common stock of Canada Cannabis Corp. held by its shareholders for shares of common stock of Gold Party on a 1:19.5 basis. At the Closing, there were approximately 19,822,635 shares of Canada Cannabis Corp. common stock outstanding, which were exchanged for 1,016,503 new shares of the Gold Party's common stock, par value of $0.000001 per share. At the closing of the agreement, Gold Party Payday, Inc. had 333,350 shares of common stock issued outstanding and no preferred stock. After the effects of the merger transaction as discussed, there were 1,349,853 shares of common stock outstanding.