Kiaro Begins Trading on the TSX Venture Exchange Under Ticker Symbol “KO”

Kiaro Holdings Corp. (TSXV: KO) is an omni-channel cannabis retailer and distributor. The company announces the commencement of trading of its common shares on the TSX Venture Exchange (“TSXV”) under the ticker symbol “KO” effective at the opening of the market on October 20, 2020. This follows the successful closing of the amalgamation and reverse takeover of DC Acquisition Corp by Kiaro on October 13, 2020.

Based in Vancouver, British Columbia, Kiaro is an independent, omni-channel cannabis retailer and distributor. Through existing storefronts across British Columbia and Saskatchewan, a wholesale distribution division servicing Saskatchewan, and plans for national expansion, Kiaro is driven to introduce new and experienced consumers to a lifelong exploration of cannabis. With more than 40 years of collective retail-focused experience, Kiaro’s leadership team has a proven track record of growing retail brands across North America and plans to open multiple retail locations nationwide over the coming years.

Kiaro, headquartered in Vancouver, British Columbia, currently operates 7 retail locations, 5 in British Columbia and 2 in Saskatchewan with plans for further expansion into Ontario and the rest of Canada. The Company also operates a wholesale distributor in Saskatchewan along with an eCommerce platform.

Daniel Petrov, Chief Executive Officer of Kiaro stated, “The completion of this Qualifying Transaction and listing on the TSX Venture Exchange is a significant milestone for Kiaro and its shareholders. With overwhelming support from the shareholders of both DC Acquisition Corp and Kiaro, this achievement allows Kiaro to continue to execute on its plan to become Canada’s leading cannabis retailer. With future plans to expand into Ontario and further capitalize on the growth of the Canadian cannabis retail market, Kiaro is well-positioned in order to execute on its plans.”

Kiaro’s Key Developments to date:

• In January 2019, Kiaro received a Cannabis Retail License from the Saskatchewan Liquor and Gaming Authority (“SLGA”), and subsequently opened its first retail store at 212 20th Street West, Saskatoon and its second retail store shortly after in May 2019 in the community of La Ronge.
• In February 2019, Kiaro launched its eCommerce solution for regulated cannabis products in Saskatchewan and shortly thereafter acquired a wholesale distributor of cannabis and cannabis products to other retailers in Saskatchewan.
• In August 2019, Kiaro received a Cannabis Retail License from the Liquor and Cannabis Regulation Branch (“LCRB”) of British Columbia. Kiaro proceeded to open its first British Columbia store at 1316 Kingsway Avenue, Vancouver and currently operates 5 retail locations in British Columbia: Victoria, Nanaimo, Port Moody, Vancouver Kingsway and Vancouver Commercial Drive.
• In September 2019, Kiaro entered into a collaboration agreement and a private placement with High Park, a wholly-owned subsidiary of Tilray Inc. (NASDAQ: TLRY)
• In June 2020, Kiaro received the Retail Operator License from the Alcohol and Gaming Commission of Ontario.
• A significant portion of Kiaro’s common shares are subject to escrow and pooling arrangements and are not eligible for immediate disposition.