On January 8, 2019, Novo Integrated Sciences, Inc. and 2478659 Ontario Ltd. (247), signed an Agreement of Transfer and Assignment (the JV Assignment), pursuant to which Novo Integrated Sciences assumes all rights and obligations outlined within a Joint Venture Agreement (JV), executed January 7, 2019, between 247 and Kainai Cooperative, a cooperative organized under the laws of Alberta, Canada (“KA”). The JV provides for both farming and greenhouse agricultural development, to include supporting infrastructure, of over 275,000 acres of Canadian prairie land for a minimum term of fifty years. The primary cash crop to be harvested is hemp and medical cannabis. In consideration for the JV Assignment, upon expiration of a 20-day diligence period or the Company waiving such period, 247 will be issued 12,000,000 shares of the Company’s common stock pursuant to an exemption from registration in Regulation S under the Securities Act of 1933, as amended (Assignment Stock). Additionally, the Assignment Stock issued will be subject to a one-year lock up period from date of issuance.