Mr. Brayden Sutton reports

THE BC BUD CO ANNOUNCES RE-FILING OF INTERIM FINANCIAL STATEMENTS FOR THE THREE AND NINE-MONTH PERIODS ENDED NOVEMBER 30, 2024

The B.C. Bud Corp. has refiled its condensed consolidated interim financial statements for the three- and nine-month periods ended Nov. 30, 2024, and 2023. Due to significant doubts about the reliability of the financial statements audited by the company's previous auditor, BF Borgers CPA PC, the company has revised the numbers previously filed for these periods in its unaudited consolidated condensed interim financial statements.

As previously disclosed (see the company's press release dated May 27, 2024), the Canadian Public Accountability Board has issued an enforcement report against the company's former auditor, BF Borgers, prohibiting it from accepting Canadian reporting issuers as clients. The company requested the former auditor's resignation.

Pursuant to the review of the interim financial statements of the company for the three- and nine-month periods ended Nov. 30, 2024, and 2023, the following amounts have been restated compared with what was previously reported on SEDAR+.

Nine months ended Nov. 30, 2024:

• A reduction in revenues by $13,738 to $66,299 for the period of nine months ended Nov. 30, 2024;
• An increase in cost of sales by $123,316 to $255,604 due to the reclassification of the writedown of inventory of $116,388 to costs of sales and a decrease in net realizable value of the inventory decreasing inventory on balance sheet by $22,480 to $298,715;
• Due to the adjustments above, the net loss and comprehensive loss for the current period increased by $48,718 to $556,641;
• A reduction in accounts receivable by $13,738 to $43,147;
• A reduction in prepaid expenses by $12,500 for advances that were not reconciled.

Three months ended Nov. 30, 2024:

• A reduction in revenues by $13,738 to $23,494 for the period of three months ended Nov. 30, 2024;
• An increase in cost of sales by $7,288 to $55,447 due to decrease in net realizable value of the inventory;
• Due to the adjustments above, the net loss and comprehensive loss for the current period increased by $20,666 to $150,039.

Nine months ended Nov. 30, 2023:

• A reduction in revenues and cost of sales by $481,556 based on reassessment of revenue recognition in the prior year and for year ended Feb. 29, 2024, and 2023;
• Revised revenue is $53,175, and cost of sales is $105,766 for the nine months ended Nov. 30, 2023.

Three months ended Nov. 30, 2023:

• A reduction in revenues by $40,575 to $34,364 for the period of three months ended Nov. 30, 2023;
• A decrease in cost of sales by $190,889 to $68,352 as part of the reassessment of revenue recognition.

The refiled interim financial statements and management's discussion and analysis are available for viewing under the company's profile on the SEDAR+ website.

About The B.C. Bud Corp.

B.C. Bud is a house of brands created by industry professionals who are passionate about the user experience.