Independent Directors Purchase Additional Common Shares of Carebook Technologies Inc.

Vice Chairman Josh Blair Doubles Position in the Company

MONTREAL, Dec. 7, 2020 /CNW Telbec/ - Carebook Technologies Inc. (“Carebook” or the “Company“) (TSXV: CRBK) (OTCPK: CRBKF) (XETR: PMM1), a leading Canadian digital health company offering innovative digital health and virtual care solutions for pharmacies, insurers, employers and governments, today announced that Mr. Josh Blair, Vice-Chairman of Carebook, purchased 100,000 additional common shares of Carebook (“Common Shares“) through the facilities of the TSX Venture Exchange for an aggregate purchase price of $149,000, thereby doubling his position in the Common Shares of Carebook. In addition, Anne-Marie Boucher, another independent director of Carebook, purchased 32,000 Common Shares through the facilities of the TSX Venture Exchange for an aggregate purchase price of $49,811.

These purchases follow the recent purchases of Common Shares made by Dr. Sheldon Elman, Executive Chairman of Carebook, and Mr. Stuart M. Elman, Director of Carebook, as disclosed on November 30, 2020.

“I believe the global COVID-19 pandemic has fast-tracked the adoption of digital healthcare solutions by several years, and that Carebook is effectively positioned to help organizations and citizens better manage their health well into the future,” commented Josh Blair, Vice Chairman of Carebook. “By leveraging its leading-edge technology platform, exceptional focus on user engagement, and disciplined M&A strategy, I believe that Carebook is poised to become a market leader in each of the four key verticals in which it operates, both here in Canada and globally as well. As Carebook’s Vice Chair, I’m proud to be an active member of its leadership team and pleased to take this opportunity to increase my share ownership in the Company.”

About Carebook Technologies

Our core is science. Our solutions are accessible. Our mission is to empower people.
Built on a powerful health platform, Carebook creates highly engaging, customer-centric digital solutions for pharmacies, insurance providers, individuals, governments, and employers. Based in Montreal and led by a world-class team and Board with extensive global business and healthcare industry experience, Carebook’s core is science and technology, its philosophy is people-first, and its goal is accessible, connected health for everyone. Carebook recently listed on the TSX Venture exchange under the symbol “CRBK” and trades on the OTC Markets under the symbol CRBKF and Frankfurt Stock Exchange under the symbol PMM1.

Notice regarding forward-looking statements:

This release includes forward-looking information within the meaning of Canadian securities laws regarding Carebook and its business. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “is expected”, “expects”, “scheduled”, “intends”, “contemplates”, “anticipates”, “believes”, “proposes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on the current expectations of the management of Carebook and are based on assumptions and subject to risks and uncertainties. Although the management of Carebook believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the threat detection technology industry, failure to obtain regulatory approvals, economic factors, management’s ability to manage and to operate the business of Carebook, the equity markets generally and risks associated with growth and competition. Although Carebook has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Carebook does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. In addition, the current situation and future developments with respect to the COVID-19 pandemic could cause certain of the assumptions and information set forth herein or the fact that on which such assumptions are based to differ materially from previous expectations including in respect of demand for our products, supply chain and availability of materials, mobility and shipping of materials and or products, access to debt and equity capital and other factors.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Carebook Technologies Inc.