PSIQ and Ecoland Agree to Extension

SUNRISE, Fla., July 01, 2019 (GLOBE NEWSWIRE) — Profile Solutions, Inc. (OTC Grey: PSIQ) is pleased to announce an extension of the letter of intent to acquire 80% of Ecoland K.K.L. LTD and Ecoland USA SF INC consisting of cannabis licenses, operations and real estate in Northern California (“Ecoland”) until August 15th, 2019 unless mutually extended in writing by the parties. The closing is contingent upon (1) PSIQ providing Financing of $ 5,000,000 payable $2,500,000 at closing and $ 2,500,000 within 6 months of closing (2) due-diligence review and (3) execution of definitive and related agreements.