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Overview

Acquisition of PowerTap Hydrogen Fueling Corp. in $32 Million Transaction

October 28, 2020

Organic Flower Investments Group Inc. (CSE: SOW) (FWB: 2K6) (OTC: QILFF), an investment company listed on the Canadian Securities Exchange that specializes in investments in the health and renewable energy industries, acquired a 90% equity interest in PowerTap Hydrogen Fueling Corp. (“PowerTap”) in a share exchange transaction (the “Transaction”) with a deemed value of  approximately $32 million. PowerTap is a California-based company focused on being the leader in building cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan.

Wildeboer Dellelce acted as legal counsel to PowerTap in connection with the Transaction with a team consisting of Jeff Hergott, Jeff Bookman, Katie Drury and Brendan Wu (Corporate and Securities) and Katy Pitch (Tax).

Client

PowerTap Hydrogen Fueling Corp.
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Wildeboer Dellelce Team

Jeff Bookman

Jeff Hergott

Katy M. Pitch

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