Ms. Ivana Maric reports

AVICANNA ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

Effective Thursday, April 1, 2026, John McVicar has resigned from, and Ozgur Kilic has been appointed to, the board of directors of Avicanna Inc.

Mr. Kilic is an experienced global business executive and chief executive officer with a background as a strategic chief financial officer and chief operating officer with more than 20 years of experience at various global public companies and private equity backed pharma companies across the United States, the United Kingdom, Italy and Switzerland. Mr. Kilic is a graduate of Koc University (BA, business administration; BA, history) and Stuttgart Institute of Management and Technology (MBA, finance and investment), and is qualified as associate chartered management accountant (ACMA) and chartered global management accountant (CGMA) by the Chartered Institute of Management Accountants.

"I am honoured and excited to join the board of directors at Avicanna at such a pivotal time in the company's evolution. Through the hard work, resilience and dedication of its management team, the company is reaching a meaningful value inflection point, driven by a differentiated portfolio of existing products and a promising pharmaceutical pipeline focused on addressing significant unmet medical needs. I look forward to contributing to Avicanna's continued growth, especially its plans to expands its presence in the United States and strengthens its international footprint, delivering innovative therapies that can improve patient outcomes worldwide."

About Avicanna Inc.

Avicanna is an international biopharmaceutical company specializing in the commercialization of proprietary and evidence-based cannabinoid-based products for the global medical and pharmaceutical market segments. Avicanna has established scientific and medical affairs platforms that support its four commercial stage business pillars and have resulted in the commercialization of more than 550 finished products.

Medical cannabis formulary (RHO Phyto): The formulary offers a diverse range of proprietary products including oral, sublingual, topical and transdermal deliveries with varying ratios of cannabinoids, supported by continuing patient and medical community education. RHO Phyto is an established brand in Canada currently available nationwide across several channels and expanding into new international markets.

Medical cannabis care platform (MyMedi.ca): MyMedi.ca is a medical cannabis care platform formed with the aim to better serve medical cannabis patients' needs and enhance the medical cannabis patients' journey. MyMedi.ca is operated by Northern Green Canada Inc. and features a diverse portfolio of products and bilingual pharmacist-led patient support programs. MyMedi.ca also provides specialty services to distinct patient groups such as veterans and collaborates with public and private payers for adjudication and reimbursement. MyMedi.ca provides educational resources to the medical community to facilitate the incorporation of medical cannabis into health care regimens.

Pharmaceutical pipeline: Leveraging Avicanna's scientific platform, vertical integration and real-world evidence, Avicanna has developed a pipeline of proprietary, indication-specific cannabinoid-based candidates that are in various stages of clinical development. These cannabinoid-based candidates aim to address unmet needs in the areas of dermatology, chronic pain and various neurological disorders.

Active pharmaceutical ingredients (Aureus Santa Marta): Active pharmaceutical ingredients supplied by the company's majority owned subsidiary Santa Marta Golden Hemp SAS (SMGH) is a commercial-stage business dedicated to providing various forms of high-quality CBD, THC and CBG to the company's international partners for use in the development and production of food, cosmetics, medical and pharmaceutical products. SMGH also forms part of the company's supply chain and is a source of reliable input products for its consumer retail, medical cannabis and pharmaceutical products globally.

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