MCTC Holdings, Inc. announced that, pursuant to Article II, Section 11, Article III, Sections 3 and 4(g) and Article IV of the Bylaws of the company, pursuant to a written action of a majority of the holders of the common shares of the Company, there was a change in the management of the Company, where by the member of the board of directors was replaced and three additional directors were appointed to fill vacancies and the newly constituted board of directors appointed one of the directors to serve in all statutorily required officers' positions. The sole director, Mr. Garry McHenry, who held the positions of President, Chief Executive Officer, Chief Financial Officer and Director, resigned from the board of directors. There were no disagreements with Mr. McHenry causing this action.

Arman Tabatabaei. - Mr. Arman Tabatabaei (Age 37), was appointed to the board of directors and named as Chairman and CEO. Mr. Tabatabaei is a founder and Chairman of Cannabis Global, Inc. Mr. Tabatabaei has served as president of Pacific Pro Financial Services, Inc. for the last 5 years.

Most recently, Mr. Tabatabaei has consulted with Cannabis Strategic Ventures on various growth initiatives relative to both cannabis cultivation and the organization of new hemp-related retail operations. Mr. Arman Tabatabaei was appointed by the board of directors as the company's President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary. Robert Hymers.

- Mr. Robert Hymers (Age 35), was elected to the board of directors. Mr. Hymers is a founder and Director of Cannabis Global. Inc. He has significant experience in the cannabis sector and as a financial executive and consultant.

Mr. Hymers is the Managing Partner of Pinnacle Tax Services for the previous five years in Los Angeles and was previously Chief Financial Officer and Director of Marijuana Company of America, Inc. where he has served for the several years as well. He currently serves as a member of the Strategic Advisory Board at MassRoots, Inc., as a consultant for Cannabis Strategic Ventures, Inc. and Sugarmade Inc., with significant experience in matters concerning tax accounting, auditing, SEC reporting, mergers and acquisitions, and corporate finance. Edward Manolos.

- Mr. Edward Manolos (Age 45), was elected to the board of directors. Mr. Manolos is one of the founders and Directors of Cannabis Global, Inc. and is an accomplished pioneer in California's Medical Marijuana industry. In 2004, he opened the very first Medical Marijuana Dispensary in Los Angeles County under the name CMCA.

He has managed and operated over thirty-five dispensaries from Los Angeles to San Jose including twenty in Los Angeles Pre-ICO/Proposition D. Dan Nguyen. - Dan Nguyen (Age 45), was elected as a director of the ompany. Mr. Nguyen has been employed for the last 5 years with Thermalfishsher Scintefic, Inc. as an equipment product specialist.