Mr. Mike Withrow reports

AREV ANNOUNCES COLLABORATION AND EXCLUSIVITY AGREEMENT WITH A GLOBAL LEADER IN HEMP-DERIVED CANNABINOID DEVELOPMENT AND PRODUCTION

On March 31, 2021, Arev Nanotec Brands Inc. signed a collaboration and exclusivity agreement with one of the world's leading hemp-derived cannabinoid product developers and producers (Collaboration Co.). Under the collaboration agreement, Collaboration Co. will be Arev's exclusive supplier for bulk cannabinoid materials used in Arev products exported to the United Kingdom and the European Union, subject to validation of Collaboration Co.'s novel foods application. At such time as the Food Standards Agency publishes the list of validated applications, Collaboration Co. will be able to use Arev's ingredients and proprietary formulations, which include sea cucumber, hops and ginseng extracts in the production of products targeted at United Kingdom and European Union markets. The company paid $10,000 (U.S.) to Collaboration Co. related to filing fees associated with the novel foods application.

Mike Withrow, chief executive officer of Arev, commented: "This alliance is a perfect fit for Arev, immediately giving the company access to a secure supply of superior cannabinoid inputs to support growth in branded product sales while saving the company significant capital and speeding time to market. The combination of the company's core competencies in technology and product development and Collaboration Co.'s proven track record of quality production and innovation will be a win for customers and shareholders, and we look forward to working together to bring Arev's Bare-branded products to the U.K., the EU, North America and other attractive global markets."

Collaboration Co.'s novel foods application includes the manufacture and sale of CBD (cannabidiol) isolate, tetrahydrocannabinol-free/cannabinol-free, broad-spectrum distillate and water-soluble powder, as permitted under relevant laws and regulations, plus ingestible cannabinoid-containing finished products in the form of tinctures, mints, gummies and soft gels, as set forth in the novel food application.

About Arev Nanotec Brands Inc.

Arev Nanotec Brands produces and sells functional ingredients produced through its proprietary extraction systems. These premium ingredients and products are targeted for the natural health, medical, functional food, nutraceutical and sport nutrition markets. Arev's model is to toll process extraction of targeted essential and functional oils and license its formulations to licensed producers worldwide. The company utilizes toll processors in foreign countries to encapsulate and package its formulations that can be sold in traditional distribution channels and on-line.

We seek Safe Harbor.