Mr. John Campbell reports

BEVCANNA ANNOUNCES CLOSING OF THIRD TRANCHE OF PROMISSORY NOTE FINANCING; COMPANY STRENGTHENS WORKING CAPITAL POSITION

Further to the previously disclosed news releases dated Jan. 22, 2024, Jan. 29, 2024, and Feb. 23, 2024, Bevcanna Enterprises Inc.'s wholly owned subsidiary, Naturo Group Enterprises Inc., has closed the third tranche of its private placement financing of secured promissory notes for gross proceeds of $115,000. Each note matures 12 months from the closing date and bears interest of 15 per cent per annum, which interest was paid on closing and deducted from the gross proceeds of the notes. The notes are secured against all of Naturo's present and after-acquired personal property excluding Naturo's intellectual property.

The company intends to use the net proceeds from the note offering for outstanding payables and general working capital purposes. No finders' fees were paid in connection with the closing of the third tranche of the note offering. The company intends to close one or more additional tranches of the note offering.

About Bevcanna Enterprises Inc.

Bevcanna (Canadian Securities Exchange: BEV, OTC: BVNNF and Frankfurt Stock Exchange: 7BC) 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 hazard analysis and critical control point 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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