Colson Capital Corp. announces that the previously announced amended and restated arrangement agreement between the Corporation and Honest Inc. dba Province Brands in respect of their proposed business combination transaction has terminated in accordance with its terms. The Proposed Transaction was expected to constitute Colson's Qualifying Transaction under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange. Colson has re-engaged in the process of identifying and evaluating assets or businesses with a view to completing a Qualifying Transaction. The common shares of Colson, which were previously halted from trading pending completion of the Proposed Transaction, will remain halted, as Colson's common shares have been suspended from trading for its failure to complete a Qualifying Transaction within 24 months. Trading in the common shares is expected to resume upon completion of a Qualifying Transaction by Colson.