Mr. Michael Kidd reports

CLARIFICATION OF UKRAINE LICENSE AND OPERATIONS

C21 Investments Inc. is clarifying the status of its Ukrainian licence for CBD (cannabidiol). The prior news release dated Nov. 6, 2018, stated the company had the right to conduct CBD processing within the Ukraine. As clarification, this means raw CBD extract is imported, and this raw CBD is processed into a commercial consumer product (such as a chocolate bar) and is then exported. The licence does not include the ability to process hemp or cannabis into CBD extracts.

The company has not commenced any operations in the Ukraine other than importing, to the Ukraine, sample CBD products for testing purposes only and registering those products for import and export under the licence. The company is discussing the potential for utilizing the Ukraine as a distribution centre for CBD with potential strategic partners. The company is in the process of applying for further licence opportunities in the Ukraine. There is no guarantee the company will receive any further licences in the Ukraine.