Health Canada Grants Producer’s Licence to Subsidiary of Geyser

Joint News Release

KANZEN CAPITAL CORP.
409 Granville Street, Suite 1209
Vancouver, BC V6C 1T2
GEYSER MANAGEMENT INC.
203 ‐ 815 Hornby Street,  
Vancouver, BC V6Z 2E6

Vancouver, British Columbia (October 18, 2018) ‐  Kanzen Capital Corp. (TSX‐V: KAN.P)(“Kanzen”) and Geyser Management Inc. (“Geyser”) are very pleased to announce that Health Canada has granted Geyser’s wholly owned subsidiary, 0957102 B.C. Ltd (“0975”), a producer’s licence to cultivate (the “Licence”). The Licence has a term of three‐years. Cultivation is planned to commence imminently.

Kanzen’s CEO, Dave Eto, states, “Kanzen and Geyser have worked very closely towards this milestone and the Kanzen Board is very pleased the licence was granted one day before the Cannabis Act took effect.  Since the signing of the previously announced Definitive Agreement,Kanzen and Geyser have been connecting with key individuals in the branded Consumer Packaged Goods sector in Food, Beverage, Pet and Cosmetics creating Joint Venture, Merger & Acquisition opportunities.”

Geyser’s CEO, Andreas Thatcher states, “Our newly granted licence, and our planned add‐on licenses, provide the platform for Geyser to lead the industry in health‐related nutraceuticals products. 0957 has an approved 8,000 sq. ft. facility in Port Coquitlam, B.C., dedicated to the manufacturing and planned distribution of cannabis and cannabis‐infused cosmetics and functional foods. The facility also houses a product formulation and R&D innovation centre.Using proprietary nanotechnology formulations and manufacturing processes, our formulations will deliver superior efficacy and bio‐availability. Leveraging Canada’s leadership in cannabis and its international reputation for quality, we will be building conditions‐based brands intoglobal leaders.”

Kanzen is now focused on raising a minimum $2,000,000 in respect of its proposed Qualifying Transaction with Geyser as previously announced by Kanzen on August 9, 2018, which remains subject to Exchange approval.

ON BEHALF OF THE BOARD OF KANZEN

Kanzen Capital Corp.

Dave Eto

Chief Executive Officer and Director

ON BEHALF OF THE BOARD OF GEYSER

Geyser Management Inc.

Andreas Thatcher

Chief Executive Officer and Director

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