Mr. Jeff Swainson reports

SIMPLY SOLVENTLESS APPOINTS VETERAN CANNABIS EXECUTIVE OLEN VANDERLEEDEN TO BOARD OF DIRECTORS

Simply Solventless Concentrates Ltd. has appointed veteran cannabis executive Olen Vanderleeden to its board of directors.

Mr. Vanderleeden brings over 25 years of executive management experience ranging from innovative venture-backed start-ups to large public entities. Most recently, Mr. Vanderleeden was the chief commercial officer for Greentone Enterprises, where he established a strong Canadian recreational cannabis market position and a substantial international business. Prior to Greentone, Mr. Vanderleeden was the senior vice-president of commercial for Zenabis Global, where he led Zenabis to a considerable recreational cannabis market share prior to Zenabis being acquired by Hexo. Prior to Zenabis, Mr. Vanderleeden led business development as an associate vice-president at Kwantlen Polytechnic University, which included the development of relationships with key cannabis industry stakeholders and the management and expansion of the first university cannabis curriculum in Canada.

Jeff Swainson, president and chief executive officer of Simply Solventless, stated: "With 25 years of overall experience, six years of cannabis industry experience, and a track record of building successful private and public companies, the appointment of Olen to SSC's board of directors significantly strengthens our great team. Olen has a track record of facilitating transactions and rapidly expanding revenue, and he is expected to help SSC capitalize on many growth initiatives and provide significant value to our shareholders."

In connection with Mr. Vanderleeden's appointment and prior executive appointments, the company has granted an aggregate of 400,000 stock options under its equity incentive plan at an exercise price of 16 cents per share and expiring on Feb. 27, 2027. The option grant and the appointment of Mr. Vanderleeden to the company's board of directors remains subject to the final approval of the TSX Venture Exchange.

About Simply Solventless Concentrates Ltd.

Simply Solventless is a public company incorporated under the Business Corporations Act (Alberta). Its mission is to provide pure, potent, terpene-rich ready-to-consume cannabis products to discerning cannabis consumers.

We seek Safe Harbor.