Urban Select enters into Definitive Agreement to Acquire Greece Hemp Corp.

(TheNewswire)

February 25, 2019 / TheNewswire / Vancouver, British Columbia – Urban Select Capital Corporation (TSXV: CH)(FWB: 1QD) (“Urban Select” or the “Company”) is pleased to announce it has entered into a definitive agreement to acquire 100 per-cent of Greece Hemp Corp.’s issued and outstanding shares.

ABOUT GREECE HEMP CORP.

Greeve Hemp Corp. holds an option to acquire a 90-per-cent working interest in two industrial hemp licenses (the “Hemp Licenses”) held by Techno Agrofarm IKE (“Techno Agrofarm”). The Hemp Licenses permit Techno Agrofarm to cultivate, manufacture, distribute and export industrial hemp on a 28.5-acre land package in Dionysos, Greece. The Hemp Licenses were awarded to Techno Agrofarm by order of Greece’s Ministry of Agricultural Development and Food.

Greece has a storied agricultural history, access to a skilled agronomical work force, as well as arable soil and land conditions. Greece also boasts over 300 days of unadulterated sunshine per year, resulting in attractive climate for outdoor industrial hemp cultivation.

Luke Montaine Chief Executive Officer and a Director of Urban Select stated: “Urban Select’s investment into Greece Hemp Corp. affords the Company preeminent exposure to an industrial hemp market primed for geometric growth. Industrial hemp is an exceedingly versatile crop, which has a variety of applications in the construction, manufacturing and health and wellness verticals.

This investment is well aligned with Urban Select’s investment thesis and provides our Company with a foothold in the global hemp market, which is forecasted to increase to US$22 billion at a CAGR of 31 per-cent by 20221”.

TERMS

Under the terms of the agreement, the Company will pay US$50,000 and will issue 20 million common shares.

A finders fee of two million shares is payable on this transaction.

About Urban Select Capital Corp.

Urban Select Capital Corp. is an investment issuer focused on investing growth capital in private and public companies in a broad range of sectors including natural resources, media & entertainment, education, healthcare and consumer retail services. Urban Select’s management team is composed of investment professionals combining an Asian background with Western education and extensive experience in investment banking, venture capital and fund management in Canada, China and the U.S.

For further information, please contact:

Luke Monatine

CEO and Director

Urban Select Capital Corporation

Telephone: +1 (604) 689-0618

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.

1 https://globenewswire.com/news-release/2018/08/22/1555007/0/en/Medical-Marijuana-Market-worth-over-55-billion-by-2024-Global-Market-Insights-Inc.html

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Urban Select enters into Definitive Agreement to Acquire Greece Hemp Corp.