Mr. Marc Geen reports

SPEAKEASY ANNOUNCES APPLICATION FOR A MANAGEMENT CEASE TRADE ORDER

Speakeasy Cannabis Club Ltd. has been unable to file its audited financial statements and corresponding management's discussion and analysis for the year ended July 31, 2018, on or before the prescribed filing deadline of Nov. 28, 2018, as required by National Instrument 51-102 (Continuous Disclosure Obligations).

Following the issuance of a temporary order and notice of hearing by the B.C. Securities Commission on Nov. 26, 2018, which named (among others) the company and the company's former chief financial officer, Speakeasy's auditor advised the company that it would be extending its review of certain of the company's material transactions and would require additional supporting documentation for such transactions. Some of the requested supporting documentation is not in the control or direction of the company, and consequently the company was unable to fulfill the auditor's request prior to the filing deadline for the financial disclosure.

Speakeasy is working to provide the additional documentation to its auditor and to complete the audit of the financial statements for the year ended July 31, 2018. The company anticipates that it will be in a position to file its financial disclosure before Jan. 31, 2019. The company confirms that it will comply with the alternative information guidelines included in National Policy 12-203 (Management Cease Trade Orders), for so long as it remains in default of a specified requirement.

The company has filed an application with the B.C. Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission, requesting that they issue a management cease trade order against the company's directors, officers and insiders instead of a cease trade order against the company and all of its securityholders.

About Speakeasy Cannabis Club Ltd.

Speakeasy is a late-stage applicant under the Access to Cannabis for Medical Purposes Regulations (the ACMPR) that is seeking to leverage three generations of farming experience in British Columbia to produce high-quality, small-batch cannabis products once it obtains a licence to do so. The company currently owns 290 acres of land in Rock Creek, B.C. The company's 10,000-square-foot indoor facility will allow for the growth, production and cultivation of small-batch cannabis if and when the company obtains a licence from Health Canada. Construction has also commenced on an 80,000-square-foot expansion facility.

We seek Safe Harbor.