Mr. Randy Ko reports

HEMPSANA ANNOUNCES RESULTS OF ANNUAL MEETING

Hempsana Holdings Ltd. has released the results of the voting at its annual general meeting of shareholders, held on June 30, 2023. At the annual meeting, shareholders were asked to elect directors and appoint an auditor.

Election of directors

In addition to its incumbent directors, Randy Ko (chief executive officer) and Hyong-gue Michael Bang, Shahzad Shad was also elected as a director of Hempsana at the company's annual shareholder meeting, held on June 30, 2023.

The company would like to thank Douglas Sommerville, who did not stand for re-election as a director of Hempsana, for his contributions to the company.

Mr. Shad

Mr. Shah is a seasoned executive with over 25 years of executive leadership experience working for public and private corporations in North America. He has a proven record of building results-oriented teams that have turned around existing companies and have launched successful companies in North America. He has had financial and operational responsibility for a $2-billion organization, and has also directly managed various companies with $5-million to $100-million in revenue.

Currently, Mr. Shah is the founder and managing partner of Lean Excellence Canada, a consulting and training firm offering a large range of training services, as well as training and implementation of lean methodologies in various organizations throughout Canada and the United States. He is also a director at Antosh Consulting Inc., the controlling shareholder of the company.

His credentials include engineering and human resource management, master of business administration, from Queen's University, and master lean six sigma black belt from York University. He is a certified management consultant by the Canadian Association of Management Consultants.

Reappointment of auditor

Also, at the annual meeting, Zeifmans LLP was reappointed as auditor of the company for the ensuing year, and the board of directors were authorized to fix the remuneration to be paid to the auditor.

About Hempsana Holdings Ltd.

The company's business involves the manufacturing of major and minor cannabinoid derivatives and producing cannabis extracts for use in finished products and other infused consumables. Hempsana's Health Canada standard processing licensed, and European Union good manufacturing practice compliant facility provides the company access to wholesale and retail channels in Canada and internationally. Hempsana currently offers a wide range of product formats, including cannabis concentrates, diamonds, tablets, topicals, tinctures, salves, infused prerolls and hemp-based cannabidiol products that are all manufactured and distributed by Hempsana.

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