An anonymous director reports

NEW LEAF VENTURES ANNOUNCES EXTENSION OF FILING DEADLINE FOR BUSINESS ACQUISITION REPORT

New Leaf Ventures Inc. intends to rely on the blanket relief provided by the Canadian Securities Administrators (and B.C. Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirement)), in response to the COVID-19 pandemic, to extend the filing deadline for its business acquisition report required to be filed in connection with its previously completed acquisition transaction, pursuant to which it acquired 100 per cent of the shares of New Leaf USA Inc. (and its subsidiaries). By relying upon the blanket relief, the company will have an additional 45 days from the original filing deadline of July 14, 2020 (being the date that was 75 days following completion of the acquisition transaction), to file the business acquisition report.

About New Leaf Ventures Inc.

New Leaf's flagship enterprise, New Leaf USA and its subsidiaries, provides licences, consulting services, real property, intellectual property and equipment for lease, and ancillary services to a Washington-based Tier 3 producer/processor focused on cultivating, growing, processing, packaging and distributing cannabis and cannabis-related products.

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