Mr. Tom Kusumoto reports

GREENRISE ANNOUNCES RECEIPT OF MCTO

Greenrise Global Brands Inc. has been granted a management cease trade order (MCTO) by the British Columbia Securities Commission as a result of a delay in filing its annual financial statements and the accompanying management's discussion and analysis for the year ended Dec. 31, 2024, by April 30, 2025, being the date that such filings are due under applicable Canadian securities law requirements.

The company's audit has been delayed because of the company requiring additional time to evaluate the recent change of ownership of the company's investment in a German cannabis company.

The company currently expects to file the annual filings on or before June 30, 2025, and will issue a news release announcing completion of such filings at such time. Until the company files the annual filings, it will comply with the alternative information guidelines set out in National Policy 12-203, Management Cease Trade Orders, for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the company to issue biweekly default status reports by way of a news release so long as the annual filings have not been filed.

During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's interim chief executive officer and interim chief financial officer will not be able to trade in the company's shares.

About Greenrise Global Brands Inc.

Greenrise is a publicly traded investment holding company with investments in the German cannabis industry.

We seek Safe Harbor.