Mr. Nick Kuzyk reports

DIGICANN VENTURES ANNOUNCES RECEIPT OF LAST PORTION OF FINAL EARNOUT MILESTONE PAYMENT

Further to the news releases issued on April 6, 2021, Sept. 8, 2021, and May 23, 2023, Digicann Ventures Ltd. received the last portion of the final earnout milestone payment from Organigram Holdings Inc. on Sept. 15, 2023. The final earnout milestone payment is related to the previously announced sale of Edibles & Infusions Corp. (EIC) to OGI by a group of stakeholders including but not limited to the company.

Digicann received approximately $1.5-million of the FEMP in the form of OGI common shares. Specifically, Digicann received 635,593 shares of OGI through the direct registration system. The last portion of earnout shares was issued at an approximate price of $2.36, which is the five-day volume-weighted average price of OGI's common shares on their date of issuance.

As previously announced, up to an additional $2.0-million in earnout shares were eligible to be received by Digicann. The amount was mutually agreed to be reduced to $1.5-million to resolve a matter relating to the EIC divestiture that arose between the FEMP being triggered and the previous portion of the FEMP being received by Digicann. The FEMP itself was triggered upon the EIC business generating $15-million in net revenue during the 12 months ended Dec. 31, 2022.

About Digicann Ventures Inc.

Digicann is a company focused on the cannabis industry.

We seek Safe Harbor.