VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Premier Diversified Holdings Inc. (" Premier " or the " Company ") (TSXV: PDH) announces that it has entered into a loan agreement with MPIC Fund I, LP (" MPIC ") for a secured loan in the principal amount of up to USD$95,000 (the " Loan "). The Loan matures on February 10, 2022 and bears interest at a rate of 6% per annum. The Loan is secured with all of the present and after-acquired property of the Company and ranks equally in priority with all of the loans previously made to the Company by MPIC. The Loan will be used for working capital and to acquire an additional interest in MyCare MedTech Inc., a telemedicine company. The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the Loan. The Loan is repayable at any time without penalty. The Company expects to repay the financing upon receiving funds from some of its other investments.