Mr. Michael Caridi reports

TREE OF KNOWLEDGE INTERNATIONAL SIGNS $8 MILLION EQUITY COMMITMENT WITH NEW YORK-BASED ALUMINA PARTNERS, LLC

Tree of Knowledge International Corp. has entered into a non-binding agreement for a drawdown equity facility of up to $8-million over a 24-month term. The agreement provides for private placement offerings to be conducted between the company and Alumina Partners (Ontario) Ltd., a subsidiary of Alumina Partners LLC, a New York-based private equity firm.

The election to draw down shall be at the sole discretion of the company and may be for up to $500,000 per tranche. Each such drawdown shall consist of the issuance by the company of units comprising one common share and a variable number of common share purchase warrants. Each unit shall be purchased at a discount ranging from 15 per cent to 25 per cent of the then current market price of the common shares on the Canadian Securities Exchange. Alumina Partners shall only receive a full warrant when an offering is priced at or above $1 per share, receiving only one-half warrant for offerings that price below $1 per share. The exercise price of the warrants shall be at a 25-per-cent premium over the then current market price of the common shares and shall provide for an accelerated expiry should the company's common shares trade on the CSE, for a period of 10 consecutive trading days, at a premium of at least 100 per cent above the warrant exercise price.

The purpose of the equity facility is to provide the company with maximum financial flexibility and exclusive control over the timing and financing of its working capital requirements, so as to provide access to capital as deemed necessary by the board of directors of the company.

Michael Caridi, chairman, stated: "We really appreciate the depth and breadth of financing opportunities that are available to companies such as ours in a rapid growth stage. Alumina Partners has been on the forefront in the Canadian market, and we are extremely pleased to work with them as we build a world-class company."

"Refined cannabidiol has become one of the largest mass-market-ready segments of the new economy, with global demand in a broad range of consumer products from cosmetics and holistic wellness to life sciences and nutraceuticals," added Adi Nahmani, Alumina's managing member. "We were impressed by the deep expertise that Tree of Knowledge is adding across multiple disciplines and are delighted to support them in aggressively pursuing emerging opportunities in this thriving space."

We seek Safe Harbor.