Mr. Jeff Swainson reports

SIMPLY SOLVENTLESS COMMENCES RESTRUCTURING PROCESS FOR THE BENEFIT OF SHAREHOLDERS AND STAKEHOLDERS

Simply Solventless Concentrates Ltd. has commenced a restructuring process for the benefit of Simply Solventless's shareholders and stakeholders. The restructuring is intended to maximize value and balance sheet strength for shareholders, creditors and other stakeholders. It is expected that Simply Solventless's common shares will continue to trade on the TSX Venture Exchange under its ticker symbol HASH for the duration of the restructuring.

Restructuring process

Pursuant to the restructuring, three of Simply Solventless's wholly owned subsidiaries, Massive Hash Factory Ltd., CannMart Inc. and ANC Inc., have been granted creditor protection under the Companies' Creditors Arrangement Act (Canada). Furthermore, the stay of proceedings granted thereunder has been extended to Simply Solventless's fourth wholly owned subsidiary, Humble Grow Co., and for Simply Solventless, to ensure that the restructuring is completed in an orderly manner. The business operations of the Simply Solventless entities are not anticipated to be interrupted as a result of the CCAA proceedings. MHF, CannMart, ANC and Humble are all of Simply Solventless's subsidiaries, and are each material to Simply Solventless.

The CCAA proceedings were initiated pursuant to an order of the Court of Kings Bench of Alberta. Pursuant to the initial order, the court has appointed MNP Ltd. as the monitor of the applicants to oversee the CCAA proceedings.

Reason for restructuring process

After careful consideration of all reasonably available alternatives, the board of directors of the Simply Solventless entities determined that the restructuring is in the best interests of the stakeholders. The CCAA proceedings will provide the Simply Solventless entities with the time and stability to operate in the ordinary course while evaluating potential restructuring alternatives, with a view to maximizing value and balance sheet strength for the benefit of stakeholders.

The initial order provides for, among other things, a stay of creditor claims and proceedings in favour of the Simply Solventless entities for an initial period of 10 days, subject to extension thereafter as the court deems appropriate.

Sale and investment solicitation process

The Simply Solventless entities intend to seek court approval to launch a sale and investment solicitation process for the applicants as part of the CCAA proceedings. The sale process excludes the stayed entities (Humble and Simply Solventless).

The sale process is expected to be administered by the Simply Solventless entities and the monitor. Additional details in respect of the sale process will be disclosed on the monitor's website (as defined below) in the course of the CCAA proceedings.

To help finance the CCAA proceedings, the Simply Solventless entities expect to seek approval of debtor-in-possession financing at a subsequent hearing.

A copy of the initial order and additional information regarding the CCAA proceedings -- including all of the court materials filed in the CCAA proceedings -- will be made available at the monitor's website.

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.