Mr. Sonny Newman reports

C21 INVESTMENTS ANNOUNCES Q2 EARNINGS DATE AND PROVIDES OPERATIONAL UPDATE

C21 Investments Inc. has provided an update on its expected date for reporting its second quarter financial results for the period ended Sept. 30, 2024. The company is also taking the opportunity to provide an operational update for the period. All currency is reported in United States dollars. The company recently changed its fiscal reporting period to a March 31 year-end and will not have traditional year-over-year comparable reporting periods during this current fiscal year.

The company is pleased to share an update on its existing operations for the upcoming second quarter, ended Sept. 30, 2024. C21 anticipates releasing these results on Nov. 15, 2024. This quarter will be the first to include results from its newest Silver State Relief dispensary located in South Reno, which opened at the end of Q1 (see news release dated June 10, 2024). This is C21's third dispensary in Nevada. The South Reno dispensary generated strong sales growth in its first three months of operations with sales of $273,000 in July, growing to $417,000 in September. Overall sales for the Q2 reporting period (July to September) were $7.5-million compared with Q1 (April to June) sales of $6.6-million, a quarter over quarter increase of 14 per cent.

Chief executive officer and president Sonny Newman stated: "We are excited to report our second quarter results in November which will include the growth generated from our newest dispensary. Perhaps most gratifying is the customer reception to the new store, as signified by our 4.9 Google review score. We will continue to focus on scaling our operations, with an emphasis on continuing to drive margin improvement. The company is well positioned to pursue additional opportunities to further grow its Nevada footprint and market share."

About C21 Investments Inc.

C21 Investments is a vertically integrated cannabis company that cultivates, processes and distributes quality cannabis and hemp-derived consumer products in the United States. The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing and distribution assets in strategic markets, leveraging industry-leading retail revenues with high-growth potential multi-market branded consumer packaged goods. The company owns Silver State Relief and Silver State Cultivation in Nevada, including legacy Oregon brands Phantom Farms, Hood Oil and Eco Firma Farms.

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