An anonymous director reports

BZAM ENTERS INTO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

Following the completion of the acquisition of all of the issued and outstanding shares of Final Bell Canada Inc. (FBC) from Final Bell Holdings International Ltd. (FBHI) (the transaction), BZAM Ltd., through its wholly owned subsidiary The Green Organic Dutchman Ltd., today entered into a second amended and restated credit agreement (the SARCA) with its Canadian lender to incorporate the assets of FBC into the security collateral and, amongst other things: (i) amend the EBITDA (earnings before interest, taxes, depreciation and amortization) financial covenant to take effect on a rolling three month average basis; (ii) repay $1-million on the fixed portion of the facility from the proceeds of sale of the Edmonton property, such repayment amount then becoming available under the revolving portion of the facility and (iii) allow for the unsecured promissory note issued to Final Bell Holdings Inc., the prior affiliate of FBC. All other terms of its amended and restated credit agreement dated Sept. 29, 2021 (as amended), not specifically amended will remain materially the same as before.

About BZAM Ltd.

BZAM is a leading Canadian cannabis producer. The BZAM family includes core brands BZAM, TGOD, ness, Highly Dutch Organic and Table Top, as well as partner brands Jeeter, Cookies, Sherbinskis, Dunn Cannabis, Fresh and Wyld. BZAM operates facilities in British Columbia, Ontario and Quebec, as well as a retail store in Regina, Sask.