# Green Lining – Indiva Secures $11 Million in Financing ## Indiva announces an$11 million financing deal on the cusp of legalization 2.0.

LONDON, Ontario – October 15, 2019: Indiva Limited (the "Company" or "Indiva") (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that it has entered into definitive documentation with an institutional lender in respect of a $7,500,000 secured bridge loan facility (the "Bridge Facility") and a$6,500,000 secured demand loan facility (the "Demand Facility", and together with the Bridge Facility, the "Facility"), for aggregate debt financing in an amount up to $11 million. As we look ahead towards Cannabis 2.0, we are pleased to secure the necessary capital to execute on growth objectives. Niel Marotta, Indiva's President and Chief Executive Officer Marotta continued to say that "this financing will support the launch of our refinement, production and manufacturing capabilities and position the Company well as it prepares to bring its portfolio of premium edible products to market." The Bridge Facility permits the Company to draw a certain amount of the gross face value of eligible invoices and the Demand Facility permits the Company to draw up to$6.5 million at a 9% interest rate above the Bank of Montreal prime rate. The Company may repay the Demand Facility at any time without penalty. The Company has granted security over its assets in connection with the Facility, and is subject to certain restrictive covenants under the Facility.

In connection with the Facility, the Company intends to pay a finder's fee to Manor Financial Ltd., an arm's-length third party, in an amount equal to 2% of the value of the Facility, of which $100,000 will be payable in cash and the remainder in Indiva shares at a price per share of$0.32.

The proceeds under the Facility are expected to be used for repayment of an outstanding convertible debenture and related interest, Indiva's facility expansion, capital purchases of extraction and encapsulation equipment, as well as bulk biomass purchases and general working capital.

As laws permit, Indiva will deliver its award-winning portfolio of products to Canadian consumers including Bhang™ Chocolate. Indiva will also make Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, and Ruby® Gems available in early 2020.

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