HydRx Farms Ltd. (HydRx) and Precursor Capital Corp. (Precursor) entered into a letter agreement to acquire Zidane Capital Corp. (Zidane) in reverse merger transaction on November 26, 2015. HydRx Farms Ltd. (HydRx) and Precursor Capital Corp. (Precursor) entered into a amalgamation agreement to acquire Zidane Capital Corp. (Zidane) in reverse merger transaction on January 6, 2016. Under the deal, the shareholders of HydRx and Precursor will receive one new Zidane Share, on a post-consolidation basis, in exchange for each HydRx and Precursor share. Zidane and HydRx may be required to pay termination fees in certain circumstances should the Transaction not be completed. After the completion of the deal, the current Zidane shareholders, Precursor shareholders and HydRx security holders would hold approximately 5.85% stake, 5.91% stake and 88.24% stake respectively of the new company, resulting in a change of control. All HydRx warrants exercisable into HydRx Shares will be exercisable into New Zidane Shares on the same terms and conditions. The new company will effect a name change to "HydRx Farms Inc." or such other name approved by HydRx. The Board of Directors of the new company shall be comprised of Trevor Folk, Casper Bych, and at least two additional Directors appointed by HydRx. In addition, it is expected that the officers of the new company shall be at least Trevor Folk, Chief Executive Officer and Thomas Jefferd, Chief Operating Officer, with others to be named at a later date. The deal is subject to HydRx receiving a producer's license from Health Canada under the Marijuana for Medical Purposes Regulations, approval of the Transaction by the TSXV, consolidation of Zidane's existing common shares at a ratio of one new common share of Zidane for every two and one half existing Zidane common shares, execution of an amalgamation agreement and HydRx, Precursor and Zidane obtaining the requisite approvals of their shareholders for the transaction, signing of definitive agreement. HydRx Farms Ltd. and Precursor Capital Corp. cancelled the acquisition of Zidane Capital Corp. in a reverse merger transaction on January 9, 2017.