Mr. Jeff Swainson reports

SIMPLY SOLVENTLESS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR PROCEEDS OF UP TO $500,000

Simply Solventless Concentrates Ltd. has arranged a non-brokered private placement of up to 3,333,333 units at a price of 15 cents per unit for aggregate gross proceeds of up to $500,000. Each unit consists of one common share and one common share purchase warrant of Simply Solventless. Each warrant is exercisable for one common share of Simply Solventless at a price of 20 cents per share for a period of three years from the date of issue. All securities issued under the financing will be subject to a hold period expiring four months and one day from the date of issue.

Simply Solventless intends to use the net proceeds of the financing to facilitate accelerated production of its Astrolab, Frootyhooty and Lamplighter products for delivery into the Ontario and Alberta recreational cannabis markets, and for capital expenditures related to production efficiencies.

Simply Solventless anticipates closing of the financing (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

It is anticipated that some of the subscribers in the financing will be insiders of Simply Solventless. Subscriptions for units by insiders of Simply Solventless will be considered related-party transactions for the purposes of National Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). It is anticipated that Simply Solventless will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101.

About Simply Solventless Concentrates Ltd.

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

We seek Safe Harbor.