Victory Clarifies Letter of Intent to Acquire an Interest in the CIA Cannabis Intelligence Agency
Victory Resources Corporation - Suite 734, 1055 Dunsmuir Street, Vancouver, BC, V7X 1B1
For Immediate Release
VICTORY CLARIFIES LETTER OF INTENT TO ACQUIRE AN INTEREST IN THE CIA
CANNABIS INTELLIGENCE AGENCY
VANCOUVER, BC, CANADA (October 17th, 2019) – Victory Resources Corporation (CSE:
VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) has been requested to
clarify its earlier press release of October 17, 2019 announcing that the company has signed a
Letter of Intent (LOI) and entered into formal due diligence toward an investment in a company
in the market research and data analytics space with a specialty focus on cannabis consumers
called the CIA – Cannabis Intelligence Agency Inc. (CIA).
This is a letter of intent, there is no assurance any interest will be acquired. The parties will,
after a successful due diligence review, determine the exact price and amount of interest that
may be acquired. If an interest is acquired, it is not anticipated that this will be the only
investment or business of the Company.
As a diversified investment corporation, Victory is looking at multiple investment opportunities,
including market research data and analytics, and anticipates that a potential investment in the
CIA would be a long-term investment in a company that will deploy analytics and expertise to
unveil consumer insights, providing a unique value proposition for clients including licensed
producers, retailers, legislative bodies, research entities etc., and for the overall legalized
cannabis industry.
For further information, please contact:
David Lane, President
Telephone: +1 (236) 317 2822
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation
with mineral interests in North America. The company is also currently seeking other opportunities.
Victory Resources Corporation - Suite 734, 1055 Dunsmuir Street, Vancouver, BC, V7X 1B1
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward -
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