Mr. Feng Lu reports

CRAFTPORT CANNABIS CORP. ANNOUNCES APPOINTMENT OF A NEW DIRECTOR AND PROVIDES A 2022 YEAR END AUDIT UPDATE

Effective June 12, 2023, Wenjie Zhang has been reappointed as a member of Craftport Cannabis Corp.'s board of directors to enhance the ability for the company to meet Health Canada's requirements.

Craftport is also pleased to announce that the company has raised sufficient capital to begin its year-end 2022 audit process. The company previously announced that it has been issued a cease trade order from the B.C. Securities Commission, effective May 8, 2023, in response to the company's failure to file its audited annual financial statements, accompanying management's discussion and analysis, and certifications for the year ended Dec. 31, 2022, by the filing deadline of May 1, 2023.

The company is working to begin the audit process to ensure the filing of its required filings as soon as possible. The company will then apply to lift the CTO once the required filings are completed.

About Craftport Cannabis Corp.

Craftport is a Canadian cannabis licensed producer operating out of Peachland, B.C. The company is focused on the Canadian premium craft cannabis recreational market by utilizing an outsourced cultivation model.

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