Mr. John Kueber reports

NEVIS BRANDS PROVIDES CORPORATE UPDATE, BEGINS SALES OF MAJOR IN CALIFORNIA

Nevis Brands Inc. has provides the following corporate update.

California production and sales: The company has completed production of Major 6.7-ounce bottles in California. In addition, the company has received a wholesale purchase order for 50 per cent of its initial production. Major is already available in multiple Los Angeles, San Diego and northern California locations. Revenues from California will be reflected in Q1 2024 reporting, which ends Feb. 29, 2024.

Missouri production: The company has received Missouri state approval of its packaging and formulation and is on target to begin production in March, 2024. The company's licensee will produce three flavours of Major two-ounce shots (100 milligrams THC (tetrahydrocannabinol)).

Ohio product expansion: The company has completed production of three additional Major products in addition to the six products currently in market and will begin sales in March, 2024.

Financial reporting: The company is scheduled to announce the results of its 2023 fourth quarter and year-end (Nov. 30, 2023) (audited) in March, 2024.

John Kueber, chief executive officer of Nevis Brands, commented: "We are pleased to announce the successful completion of our initial production run of Major in California. We are even more thrilled to receive immediate initial commitments for our products in the largest cannabis market in the world. California represents a tremendous opportunity for us to expand the Major brand, which is already available for purchase at retail dispensaries in seven states. Despite the competitive market in California, the rapid onset, doseable format and value pricing of Major make it an attractive proposition for consumers. We are confident that we can make it one of our most successful markets."

Mr. Kueber also shared his enthusiasm about the imminent production of Major in Missouri, stating that the company has moved rapidly through equipment procurement and the necessary regulatory steps to allow their products to be in the market within an estimated 90 days.

About Nevis Brands Inc.

Nevis innovates and develops cannabis products that have been consumed by millions of consumers across Washington, Oregon, Colorado, Arizona, Nevada, California and Ohio. Led by its flagship brand, Major, Nevis licenses its proven products with leading cannabis product manufacturers and distributors to enhance its product offerings.

Nevis Brands is publicly traded on the Canadian Securities Exchange under the symbol NEVI, on the U.S. OTC (over-the-counter) market under the symbol PSCBF and on the Frankfurt Stock Exchange under the symbol 8DZ.

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