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Kiaro Holdings CEO, Daniel Petrov, is interviewed by Let's Toke Business' Ted Ohashi - Video Available on Investmentpitch.com

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Vancouver, British Columbia--(Newsfile Corp. - July 19, 2021) - Kiaro Holdings' (TSXV: KO) CEO, Daniel Petrov, is interviewed by Let's Toke Business' Ted Ohashi.

The interview video (click here) is available on InvestmentPitch Media. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Kiaro" in the search box.



Cannot view this video? Visit:
https://www.youtube.com/watch?v=KRJJwCUCkPs

Kiaro Holdings, a national omni-channel cannabis retailer and wholesale distributor, recently entered into a definitive agreement with Aegis Brands Inc. to acquire all the issued and outstanding shares of its subsidiary, which operates as Hemisphere Cannabis Co. Hemisphere currently operates seven retail locations in Ontario with two more locations in development.

Completion of the acquisition will more than double Kiaro's retail footprint and give it a significant presence in the Ontario retail cannabis market. The acquisition will cost Kiaro 61.3 million shares, along with 6.7 million warrants, subject to customary adjustments. Aegis could receive a further 6.7 million shares upon meeting certain milestones within the first year following closing.

Daniel Petrov, CEO, stated: "The acquisition of Hemisphere is simply transformational. I expect this transaction will be significantly accretive for shareholders as we push forward towards $50M in target revenue. It brings up to 18 stores into operation by the end of the fiscal year and cements a strategic partnership with retail industry titans at Aegis Brands. Their team has assembled a superior Ontario portfolio of well-positioned brick and mortar locations, supporting our objective of exponential revenue and EBITDA growth."

For more information, please visit the company's website, www.investors.kiaro.com, call 1-888-623-2420 or by email at investors@kiaro.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90594

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