Mr. Jason Conroy of MMJ PhytoTech reports

MMJ PHYTOTECH LTD (MMJJF) PORTFOLIO UPDATE

MMJ PhytoTech Ltd. has provided an update on its current portfolio metrics.

MMJ's portfolio update is published periodically with any material changes.

MMJ's chief executive officer, Jason Conroy, said: "The material change from our Aug. 31 investor presentation is a 12-per-cent increase in Harvest One [Cannabis Inc.]'s share price.

"Accordingly, our unaudited net tangible assets (NTA) has increased 16 per cent to 32 cents per share. Yesterday's MMJ share price is a 11-per-cent discount to this NTA. The catalysts that may reduce or eliminate this discount in the short-term include:

• "A sustained improvement in Harvest One's share price;
• "Release of details on Harvest One's national retail strategy in the coming weeks;
• "The imminent listing of MediPharm Labs on the TSX Venture Exchange;
• "MMJ shareholder approval of the sale of PhytoTech Therapeutics on Sept. 28;
• "Legalization of recreational cannabis in Canada on Oct. 17;
• "Selective divestments from the company's portfolio to realize returns and provide funds for other investment opportunities."