Mr. John Campbell reports

BEVCANNA ANNOUNCES SHARE CONSOLIDATION

Bevcanna Enterprises Inc. will be seeking approval from the Canadian Securities Exchange to consolidate all of its issued and outstanding common shares on the basis of 1:10, with each 10 preconsolidated common shares being consolidated into one postconsolidated common share. In accordance with the company's articles, shareholder approval will not be required for the proposed share consolidation. The proposed share consolidation has been approved by the company's board of directors. Following the share consolidation, the common shares will subsequently begin trading on a consolidated basis under the existing company name and trading symbol.

The proposed share consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 323,447,753 common shares to approximately 32,344,775 common shares, subject to rounding.

No fractional shares will be issued as a result of the share consolidation. Any fractional shares resulting from the share consolidation will be rounded up to the next whole common share and no cash consideration will be paid in respect of fractional shares.

The board of directors of the company is of the view that the share consolidation will provide the company with greater flexibility for future corporate activities, enhance the marketability of the common shares as an investment and lead to increased interest by a broader spectrum of potential investors, thereby increasing its ability to secure additional financing for operational and growth initiatives.

The company will be obtaining new CUSIP and ISIN numbers for the share consolidation. The record date and effective date of the share consolidation, and the new CUSIP and ISIN numbers, will be disclosed in a subsequent news release. Generally, with respect of a consolidation, the shares would commence quotation on the CSE on a consolidated basis on the first trading day prior to the record date, being the effective date, and the CSE would issue a bulletin to dealers advising of the share consolidation and effective date of trading on the consolidated basis. Notwithstanding the foregoing, the share consolidation is subject to regulatory approval, and the board of directors may, at its discretion, determine to amend the terms or to not to move forward with the share consolidation.

About Bevcanna Enterprises Inc.

Bevcanna Enterprises is a diversified lifestyle and wellness consumer packaged goods company. Bevcanna develops and manufactures a range of alkaline, mineralized and cannabinoid beverages and supplements for both in-house brands and white-label clients.

Based in British Columbia, Canada, Bevcanna owns a pristine alkaline spring water aquifer and a high-capacity 40,000-square-foot Health Canada and HACCP certified flexible manufacturing facility in Osoyoos, B.C. The company's extensive distribution network includes traditional and regulated retail distribution and on-line through its market-leading brands.

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