Mr. Sheldon Aberman reports

CHEMISTREE PROVIDES CALIFORNIA AND WASHINGTON OPERATIONS UPDATE

Chemistree Technology Inc. has provided shareholders with an update on the company's Washington State assets as well as its Desert Hot Springs, Calif., cultivation facility development.

Chemistree has received reports from its Washington State licensee partner that further advancements have been made in crucial areas of its cultivation facility, including:

• Appointment of a new head cultivator;
• Hiring of a full-time general manager;
• Upgrading of 288 grow lights in flower and sale of retrofitted lights for $30,000 (U.S.). Lights now installed were on hand and did not present an additional operational cost;
• Improvement of crop yields by 20-plus per cent expected with new lights;
• 25-per-cent expansion of the retail points of sale offering Sugarleaf products;
• Increase to product SKUs by 20 per cent (new products include popular diamonds, live resin, RSO and crumble).

Sheldon Aberman, chief cannabis officer, commented: "I am really pleased with the team at Sugarleaf Washington. With the full support of Chemistree, as landlord and turnkey equipment provider, this group of people continue to do a tremendous job in restoring Sugarleaf to its previous place in the Washington market for flower and prerolled products, as well as introducing new exciting products to the market. We are confident that this trajectory of success will continue and that Sugarleaf's loyal retail customers will continue to enjoy the high-quality products and welcome the new offerings as they are rolled out."

Chemistree is also actively advancing its 9.55-acre Desert Hot Springs land package. "Our design team is currently in the process of finalizing plans for our two 64,000-square-foot greenhouses and 40,000-square-foot manufacturing and distribution facility for submission to the City of Desert Hot Springs. We expect city review to be completed by the third quarter of this year. The project continues to track on schedule, with completion targeted for the first quarter of 2020," concluded Mr. Aberman.

About Chemistree Technology Inc.

Chemistree Technology is an investment company dedicated to the United States cannabis sector, endeavouring to provide turnkey solutions for the regulated cannabis industry. The company's corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management's decades of expertise in the cannabis industry and corporate finance to own and operate licensed cultivation, processing, distribution and retail facilities.

We seek Safe Harbor.