Mr. Agustin Aldave reports

AGRINAM ACQUISITION CORPORATION PROVIDES UPDATE ON QUALIFYING ACQUISITION

Further to the joint press release of Agrinam Acquisition Corp. and Freight Farms Inc. dated Oct. 4, 2023, Agrinam has entered into an amending agreement with Agrinam Merger Sub Inc. (Merger Sub), a wholly owned subsidiary of Agrinam and Freight Farms dated March 14, 2024, to amend the definitive business combination agreement among Agrinam, Merger Sub and Freight Farms dated Oct. 4, 2023, whereby Agrinam has agreed to acquire all of the issued and outstanding shares of Freight Farms by way of a triangular merger (the business combination).

Pursuant to the amending agreement, among other things, Agrinam, Merger Sub and Freight Farms have agreed to extend the date by which Freight Farms may provide notice to terminate the business combination from March 15, 2024, to March 20, 2024.

The business combination is anticipated to constitute Agrinam's qualifying acquisition under Part X of the Toronto Stock Exchange company manual. Details of the business combination are included in Agrinam's amended and restated preliminary prospectus dated Feb. 8, 2024. The prospectus may be viewed under Agrinam's profile on SEDAR+.

About Agrinam Acquisition Corp.

Agrinam Acquisition is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization or any other similar business combination within a specified period of time.

About Freight Farms Inc.

Freight Farms debuted the first vertical hydroponic farm built inside an intermodal shipping container with the mission of democratizing and decentralizing the local production of fresh, healthy food. Since its inception, Freight Farms has refined its product offering to arrive at the Greenery container farm. With global customers ranging from small business farmers to the corporate, hospitality, retail, education and nonprofit sectors, Freight Farms make up one of the largest network of IoT (Internet of Things) connected farms in the world. AgTech Breakthrough named Freight Farms the 2022 "IoT Monitoring Solution of the Year" for its farmhand IoT automation software.

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