Mr. Andrew Barnes reports

COHO COLLECTIVE KITCHENS INC. ANNOUNCES CONVERTIBLE DEBENTURE FINANCING OF CAD$1,650,000

Coho Collective Kitchens Inc., subject to acceptance by the TSX Venture Exchange, intends to complete a non-brokered private placement of convertible debentures of the company. Each convertible debenture has a price of $1,000 and the company has executed a term sheet with an arm's-length party for 1,650 convertible debentures, resulting in gross proceeds to the company of $1.65-million.

Each convertible debenture will bear interest at a rate of 8 per cent per annum, calculated and payable semi-annually in arrears, with the first payment beginning on June 30, 2023. The convertible debentures will mature on March 31, 2026. The principal amount of each convertible debenture will be convertible into common shares of the company at a price of 15 cents per common share at the option of the holder of a convertible debenture at any time prior to the close of business on the maturity date.

At the election of the company, all interest accrued on the convertible debentures will be payable in cash or, subject to approval by the TSX-V, common shares.

The convertible debentures will be unsecured obligations of the company, and will be subordinated in right of payment of principal and interest to all secured debt, and to all existing and future senior indebtedness of the company and senior to any of the company's future debt that is expressly subordinated to the convertible debentures.

The proceeds received by the company from the offering are intended to be used for advancement of the company's facilities, mergers and acquisitions, and general corporate activities. The closing of the offering remains subject to receipt of TSX-V approval and all other necessary regulatory approvals.

About Coho Collective Kitchens Inc.

Coho is a growth-stage, community-driven, commercial real estate and food technology company that provides private and shared kitchen and production space to food companies from start-ups to restaurant groups seeking turnkey solutions and business services. Each of the company's customers, called members, are revenue-generating companies that have signed a membership agreement with Coho for an agreed-upon term. The concept falls in line with a rapidly growing trend in the food delivery industry creating a market for delivery-only and/or virtual restaurant concepts.

We seek Safe Harbor.