Mr. Edgar Montero reports

CHEMESIS INTERNATIONAL INC. ANNOUNCES COMPLETION OF DEBT SETTLEMENT

Chemesis International Inc. has settled outstanding accounts payable liabilities in the amount of $470,843.49. The debt settlement has been satisfied through the issuance of 692,416 units at a price of 68 cents per unit. Each unit consisted of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the company at a price of 85 cents per warrant share for a period of 24 months following issuance.

Furthermore, the company has also settled further outstanding accounts payable liabilities in the amount of $24,000 (U.S.). The debt settlement has been satisfied through the issuance of 38,307 common shares in the capital of the company at a price of 85 cents per common share.

The common shares issued in connection with each of the debt settlements are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation, expiring Nov. 25, 2020.

About Chemesis International Inc.

Chemesis is a vertically integrated U.S. multistate operator with international operations in Puerto Rico and Colombia. The company operates a portfolio of brands that cater to a wide community of cannabis consumers, with focus on quality and consistency.

We seek Safe Harbor.