Mr. John Campbell reports

BEVCANNA ANNOUNCES CUSIP NUMBER OF PREVIOUSLY ANNOUNCED SHARE CONSOLIDATION

Further to Bevcanna Enterprises Inc.'s news release dated Feb. 14, 2024, announcing a proposed consolidation of its issued and outstanding common shares on the basis of 20 preconsolidation common shares for every one postconsolidation common share, the company's new Cusip number will be 08783B309 and its new ISIN number will be CA08783B3092 on the effective date of the share consolidation.

As stated in its prior release, the company has set Feb. 26, 2024, as the record date for the share consolidation. The share consolidation will become effective at the opening of the market on Feb. 23, 2024. The common shares will trade under the existing company name and trading symbols. As previously disclosed, and as a result of the share consolidation, the number of outstanding common shares will be reduced from 61,441,210 common shares to approximately 3,072,061 common shares, subject to adjustments for rounding. No fractional common shares will be issued as a result of the share consolidation. Where the exchange results in a fractional share, the number of common shares will be rounded up to the nearest whole common share. The exercise or conversion price and/or the number of common shares issuable with respect to any of the company's outstanding convertible securities will be proportionately adjusted in connection with the share consolidation.

Common shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the consolidation ratio through each shareholder's brokerage account. Non-registered shareholders should consult with their broker for further information. A letter of transmittal describing the process by which registered shareholders may obtain new certificates representing their consolidated common shares has been mailed to registered shareholders by the company's transfer agent Olympia Trust Company. All registered shareholders will be required to send their share certificates, along with a properly executed letter of transmittal, to Olympia Trust Company, in accordance with the instructions provided in the letter of transmittal. A copy of the letter of transmittal has been posted on the company's issuer profile on SEDAR+.

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.

We seek Safe Harbor.