Vancouver, British Columbia, Canada
March 1, 2019 
  
Dear Shareholders:
 
I am pleased to report that over the past several months Clean Seed has worked closely with Harvest International to complete its extensive due diligence program.   

The collaborative nature of this acquisition has resulted in a robust strategic plan that we believe will fast-track market share growth in the U.S. and increase our offerings in Canada.  The due diligence process has solidified our collective resolve to become the first new entrant into the U.S. planter market in 25 years, allowing us to disrupt the current balance of power in the industry. 

• Approved debt funding in the amount of approximately $9.2 million CDN ($7.1 million USD) (subject to the satisfaction of certain conditions) towards the purchase of Harvest International from Farm Credit Canada (FCC).
• With FCC funding conditionally secured, we are advancing operating line discussions for $3.1 million CDN from a Canadian chartered bank with an active U.S. presence. We expect our discussions to advance towards application approval in the next thirty days. 
• Advanced proposal for dealer and customer finance programs with DLL Finance LLC (DLL) for current and future products. Clean Seed anticipates that upon completion of the acquisition of Harvest, Clean Seed and DLL will set-up a long-term, mutually beneficial finance program that will lead to sales growth. DLL has an agriculture portfolio of $5.3B USD in North America and is owned by Rabobank. 

Entered into a (LOI) letter of intent with an American multinational information technology company to integrate (AI) Artificial Intelligence data analysis tools into the company’s SMART Seeder / Planter technology software platforms. This technology company has operations in all major seeding and planting marketplaces. 

Clean Seed is in the final phase of financing and is actively engaging with investment institutions to raise the remaining funds to complete the transaction. Clean Seed and Harvest International have agreed to extend the closing date of their agreement to April 15, 2019 to provide sufficient time to complete financing activities and facilitate closing of the transaction.
 
Graeme Lempriere
Chairman of the Board of Directors and Chief Executive Officer 

Website: http://www.cleanseedcapital.com/

Published: March 1, 2019