Document:

ACACIA DIVERSIFIED HOLDINGS, INC. (OTCQB:
ACCA) ANNOUNCES MAJOR ASSET ACQUISITION, SIGNALING PARADIGM SHIFT IN ACQUIRING ASSETS AND BUSINESSES OF CUTTING EDGE FIRMS IN CANNABIS
SECTOR

 

Clearwater, Florida. January 16, 2016 (GLOBE
NEWSWIRE) – Acacia Diversified Holdings, Inc. (OTCQB: ACCA) (the “Company”) today announced that it has
acquired the assets and the businesses of MariJ Agricultural, Inc., Canna-Cures R&D, LLC, TropiFlora, LLC, and JR Cannabis
Industries, LLC, a group of privately held firms in Clearwater, Florida (collectively the “MariJ Group”).

 

“Acacia just went from zero to fifty
miles per hour in the exciting cannabis pharmaceuticals industry in the blink of an eye,” said outgoing Acacia CEO Steve
Sample. “We have been looking for years to find the right fit for our future, and I believe it just happened!”

 

The assets and businesses of the MariJ Group
entities will be absorbed into new wholly-owned operating subsidiaries of Acacia, with the main impetus being on its new MariJ
Pharmaceuticals, Inc. unit. That unit has recently begun revenue-producing operations with its unique portable cannabis oil extraction
vehicle, and already has its second mobile extraction unit being built. In addition, MariJ Pharmaceuticals is in the process of
constructing its first state-of-the-art mobile laboratory and testing unit for industry service.

 

Mr. Sample, Acacia’s top executive for
almost ten years, believes the Company has found the right combination of technology, know-how, and management expertise to take
the Company into the future. At the Closing of the acquisition, Sample resigned his posts as Acacia’s CEO, President, and
Chairman of the Board in favor of Acacia’s new top Executive, President and Chairman, Richard K. Pertile. Speaking of Pertile,
Sample said: “I’ve never met a person with such a keen knowledge of his industry coupled with more drive than a 10,000
horsepower locomotive. I believe Acacia has found its calling in Rick and MariJ!”

 

As a part of that acquisition, the Company
also gained rights by and through its Canna-Cures subsidiary to its newly-developed Geotracking Technology that is fully compliant
with the Health Insurance Portability and Accountability standard (“HIPAA”) utilizing its “plant to patient”
solution. This Geotracking Technology is aimed at providing a patient care tracking system fully compliant under today’s
strict regulatory systems that assure privacy and security of the patient’s information. Acacia’s new CEO, Rick Pertile,
shared his thoughts in saying: “I’ve traveled America and seen the competition. For that reason, I am confident that
MariJ Pharmaceuticals and its sister units are poised for measurable growth in the coming months, and more importantly in the coming
years. We will shortly begin efforts to raise the necessary capital to complete and launch our newest equipment and to take steps
to become a part of the community of licensed growers of the high-CBD / low-THC based cannabis products that comprise one of today’s
fastest-growing industries. All I can say is, if this thing achieves any semblance of what we have in mind, it could be a very
interesting ride!”

 

About Acacia Diversified Holdings, Inc.

 

Acacia Diversified Holdings, Inc. (“Acacia”
or the “Company”), a Texas corporation, owned automotive auctions from 2007 to 2012 before reposturing itself as a
diversified holding company. The Company entered the citrus food ingredients manufacturing business in 2013, also acquiring a truck
fleet to service its needs. Those assets were sold in June of 2015 in a buy-out structured by the management of those subsidiaries,
and in August the Company entered into discussions to acquire the MariJ Group of Companies and its management. That acquisition
was completed on January 15, 2016.

 

About the MariJ Group.

 

The MariJ Group of companies was launched in
2014, quickly finding an opportunity to fill industry niches by offering state-of-the-art equipment and services to the emerging
cannabis industry. Its activities have included mobile extraction and blending of high-quality oils, launching a line of high-CBD
0-THC dietary supplements for the pediatrics sector, private label packaging of numerous products, RFID and cannabis-tracking technologies,
with a unique proprietary POS system for retailers that includes HIPPA compliant technology. MariJ, through its TropiFlora subsidiary,
has also applied for a cannabis growers license in Florida, and the Company is in discussions to acquire or joint venture with
licensed growers in other venues.

 

Forward-Looking Statements

 

Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate",
"believe", "estimate", "expect", "intend" and similar expressions, as they relate to the
company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and
projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes
and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due
to numerous factors, including those described above and those risks discussed from time to time in Acacia Diversified Holdings,
Inc.’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties
related to Acacia’s (i) product demand, market and customer acceptance of its citrus byproducts and other goods, (ii) ability
to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing
and development difficulties, (v) ability to successfully integrate its pharmaceutical manufacturing subsidiary and other subsidiaries
into its operations, and (vi) general industry and market conditions and growth rates and general economic conditions. Any
forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation
to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Acacia’s
website does not constitute a part of this release.

 

Contact Information:

Mr. Richard K. Pertile, CEO

Acacia Diversified Holdings, Inc.

13575 58th Street North #138

Clearwater, FL 33760

Email: info@marijinc.com

Internet: http://www.marijinc.com/

Office: (727) 678-4420 Fax: (877) 513-6295Steven L. Sample

2806 SE 29th Street

Ocala, FL 34471

 

January 15, 2016

 

 

TO:Board of Directors

Acacia Diversified Holdings, Inc.

3512 East Silver Springs Blvd.
- #243

Ocala, FL 34470

 

Gentlemen:

 

Effective this date I hereby tender my resignation
as Chief Executive Officer, President, and Chairman of the Board of Directors of Acacia Diversified Holdings, Inc. I shall remain
a Director of the Company and shall continue as an employee in such lesser capacity as the Company shall from time to time see
fit to have me serve.

 

I take this action in good faith such as to allow for
our recently acquired entities to elect and appoint officers and directors of their choosing to give effect to the agendas they
have for future success.

 

It has been a sincere pleasure to be in a leadership
position with the Company, and I shall continue to provide support in anticipation of the good things to come.

 

Most sincerely,

 

 

 

______/s/ Steven L. Sample________

Steven L. SampleV. Weldon Hewitt

193 Hunters Pointe Place

Simpsonville, KY 40067

 

January 15, 2016

 

 

TO:Steven L. Sample, CEO

Acacia Diversified Holdings, Inc.

3512 East Silver Springs Blvd.
- #243

Ocala, FL 34470

 

Dear Steve:

 

In the interest of seeing our Company have an opportunity
to move to a new level, I hereby tender my resignation effective immediately with this date in favor of new appointments to be
brought onto Acacia’s Board of Directors from the ranks of our newly acquired entities.

 

It has been a sincere pleasure to be associated with
you and Acacia, and I remain available to help the Company in any way possible in the future.

 

With my best regards to you, the Company, and my fellow
Directors,

 

 

 

_____/s/ V. Weldon Hewitt_____

V. Weldon HewittDan Rigdon

9 Jana Way

Lucas, Texas 75002

 

January 15, 2016

 

 

Acacia Diversified Holdings, Inc.

ATTN: Steven L. Sample, CEO

3512 East Silver Springs Blvd. - #243

Ocala, FL 34470

 

Dear Steve:

 

It has been a sincere pleasure serving on the Board
of Directors of Acacia with you and my fellow directors. Were it not for the opportunities that lie before us in the acquisitions
of this date, I would continue to serve with pleasure.

 

That said, I will now tender my resignation effective
immediately in order to make way for new directors coming in from our acquired entities.

 

I’m certain you know that I remain ready and
willing to help you and the Company in any way as it sets sail for great new opportunities.

 

I will follow the Company with enthusiasm.

 

Most sincerely,

 

 

 

_____/s/ Dan Rigdon________

Dan RigdonPatricia Ann Arnold

2120 Lebanon Pike

Nashville, TN 37210

 

January 15, 2016

 

 

TO:Steven L. Sample, CEO

Acacia Diversified Holdings, Inc.

3512 East Silver Springs Blvd.
- #243

Ocala, FL 34470

 

Dear Steve:

 

I hereby tender my resignation as corporate Secretary
of Acacia Diversified Holdings, Inc. effective immediately with this date. I do so for the good of the Company such that the management
of our new acquisitions can have the honor of appointing their own Secretary.

 

It has been a sincere pleasure serving with you and
Acacia, and I am certain our new leadership will succeed in taking us to new heights.

 

My very best goes out to you, our directors and our
new associates.

 

 

 

_____/s/ Patricia Ann Arnold______

Patricia Ann Arnold

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]