Mr. Travis McIntyre reports

CANADABIS CAPITAL ANNOUNCES RESULTS OF SHAREHOLDERS MEETING AND THE APPOINTMENT OF GARFIELD RICHARDS AS CFO

At Canadabis Capital Inc.'s annual and special meeting held on Aug. 30, 2023, all resolutions proposed to shareholders were duly passed.

Shareholders approved the election of all individuals to the board of directors of the company, being Travis McIntyre, Nicole Bacsalmasi, Alex Michaud, Barbara O'Neill and Shane Chana. In addition, shareholders also approved fixing the number of directors at five, the appointment of BDO Canada LLP as the company's auditor, the ratification of the stock option plan and a resolution giving management the discretion to change the company's name at some point in the future should such a change offer strategic benefit for Canadabis.

"I am very pleased to be joined by such a skilled and dedicated group of individuals on our board of directors as we move into the next stages of our corporate evolution, which may include a name change in the future should management determine a rebrand offers incremental strategic benefit," said Travis McIntyre, president and director of Canadabis. "We are grateful to have our board's wealth of experience, which will continue to be invaluable as we navigate our growth trajectory."

Canadabis also welcomes Garfield Richards, CPA, CA, as its new chief financial officer, effective immediately, replacing Mr. Chana. Mr. Richards served as vice-president of finance of Canadabis since January, 2022, and prior to this, he served as the senior finance controller for Stigma Grow, a subsidiary of Canadabis. Mr. Richards has over 15 years experience in public accounting, nine of which were at KPMG, a global public audit, tax and advisory firm, as a senior accountant and audit supervisor. Some of his industry experience includes being the lead auditor on J. Wray and Nephew Ltd. and Appleton Estate Jamaican Rum, one of the Caribbean's largest liquor brand. Mr. Richards holds a bachelor's degree in accounting and management studies from the University of the West Indies, Jamaica, and obtained his Canadian chartered accounting designation in 2016.

"The board and management team express our sincere thanks to Mr. Chana for his service and significant contribution to CanadaBis as CFO," said Mr. McIntyre. "We welcome Mr. Richards to our team with his industry experience in both the private and public company sector and a strong background in finance, accounting, tax and governance. I am confident that he will be a positive contributor to Canadabis as we continue to work towards delivering the next phase of growth," he added.

About Canadabis Capital Inc.

Canadabis is a vertically integrated Canadian cannabis company focused on achieving large-scale growth, from cultivation to retail, in the fast-emerging global cannabis market. By targeting organic growth opportunities alongside the right-fit partners, the company remains focused on finding and capitalizing on chances to grow, diversify and continue to lead its industry.

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