Mr. Jeff Swainson reports

SIMPLY SOLVENTLESS ANNOUNCES ENDORSEMENT AND SUPPORT OF RESTRUCTURING PLAN FROM SECURED DEBT HOLDERS

Plaza Capital, Simply Solventless Concentrates Ltd.'s largest holder of secured convertible debentures, and Altek Acquisition Partnership, Simply Solventless's largest holder of promissory notes, intend to enter into agreements to support Simply Solventless's restructuring announced on Feb. 27, 2026, which is meant to preserve both shareholder and stakeholder value. For further details of the restructuring, please see the Simply Solventless Feb. 27, 2026, news release.

The CDs are the second secured position behind the PNs. Plaza holds $3.0-million of the $6.0-million CDs, and, as collateral agent, it has decision-making authority to act on all behalf of all CD holders.

The PNs are senior secured position. AAP holds $1.0-million of the $2.3-million PNs. AAP is also one of Simply Solventless's largest shareholders.

Together, Plaza and AAP represent 84 oer cent of Simply Solventless's secured debt. The endorsement and support of Plaza and AAP ensure that the restructuring may be completed in the most efficient manner possible.

Sruli Weinreb, managing partner of Plaza, stated: "As SSC's largest CD holder and as collateral agent, Plaza endorses the restructuring as we believe it will preserve and enhance shareholder and creditor value, as these processes are intended to strengthen the balance sheet of companies while maximizing profitability of an emerging entity. Plaza is committed to support SSC as it advances through the restructuring."

Mike Atema, chief executive officer of AAP, stated: "As one of SSC's largest shareholders and the largest promissory note holder, AAP is supportive of the restructuring and believes it will benefit both of these positions. The restructuring will ensure that SSC's operations are streamlined, efficient and unencumbered by historical and unsustainable liabilities. AAP will support the restructuring so that SSC can proceed on a solvent basis and achieve its potential for the benefit of all stakeholders."

Jeff Swainson, Simply Solventless's president and chief executive officer, stated: "The restructuring is being conducted to protect SSC's subsidiaries from CRA enforcement action, which would have resulted in the loss of CRA excise licences and our ability to sell cannabis products. Our subsidiaries are now protected and will maintain their licences and revenue generation capability for the duration of the restructuring."

Mr. Swainson continued: "The Humble retrofit is mission critical as are other components of our business plan. With the protection of the restructuring, along with Plaza and AAP's commitment to support the restructuring, SSC can continue to execute on its business plan, including the Humble retrofit."

Mr. Swainson continued: "The proposed sale and investment solicitation process is not a liquidation of assets at the SSC parent company or subsidiary level. It is a restructuring of subsidiaries which are then offered for sale in a competitive process without historical and unsustainable liabilities, conducted with the goal of achieving maximum value, whether those assets are retained or sold. The SISP relates specifically to MHF, CannMart and ANC, and the SISP does not necessarily mean that any or all SISP entities will ultimately be sold to a third party, as that depends on the bids received. If any of those entities are sold, it will be for a fair price, and SSC will benefit from the proceeds. SSC's management oversees the SISP process with oversight from the monitor, MNP Ltd., and any successful bids would be approved by the court."

Mr. Swainson continued: "As SSC and Humble are not part of the SISP, we expect that SSC will continue to trade, and that Humble will be retained, along with any combination of SISP entities, depending on the bids received. While the process is in early stages, as SSC's largest shareholder, I believe that this restructuring is in the best interests of all of our shareholders and stakeholders, and we will work hard to ensure that the best possible outcome is achieved."

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.