2255820 Alberta Ltd gave a proposal to acquire 13.92% stake in Planet Health Corp. (TSXV:PHL.H) for CAD 0.1 million on April 8, 2020. 2255820 Alberta Ltd entered into an arrangement agreement to acquire 13.92% of Planet Health on April 14, 2020. Each Public Shareholder would receive CAD 0.20 in cash for each Planet Share, held immediately prior to the transaction becoming effective. Ronald J. Francisco, the President, Chief Executive Officer and a Director of Planet which owns 2255820 Alberta Ltd, also currently owns 86.08% of the outstanding common shares of Planet held indirectly through various private companies which are wholly or partially owned and controlled by Ronald J. Francisco. The net effect of the transaction will be that Planet will not have any public shareholders. Planet plans to delist from the TSX Venture Exchange. The transaction is subject to execution of a definitive agreement, completion of financing, dissent rights not being exercised with respect to more than 5% of Planet Shares, court and Planet shareholder approval. The board members have unanimously resolved to recommend to holders of the Planet Shares to vote in favor of the Transaction. On special meeting of shareholders of Planet Health Corp. on June 19, 2020, shareholders approved the transaction. Planet expects the Transaction to be effective on or before June 30, 2020. Evans & Evans provided valuation for the board of Planet Health. David D. Heighington of Heighington Law Firm acted legal advisor to 2255820 Alberta Ltd and Planet Health Corp. Evans & Evans, Inc. acted as financial advisor to Planet Health Corp.