Mr. Scott Koyich reports

CANNABIS ONE HOLDINGS INC. ANNOUNCES ACCELERATION OF WARRANT EXPIRY DATE

Cannabis One Holdings Inc. is accelerating the expiry of certain Class A subordinate voting share (SUB share) and Class B super voting share (SVS share) purchase warrants assumed by the company pursuant to the acquisition of Bertram Capital Finance Inc.

The warrants are governed by two warrant indentures each dated Feb. 25, 2019, between the company and Odyssey Trust Company. Pursuant to the terms of the warrant indentures, the warrants are either exercisable to purchase: (a) SUB shares for 50 cents or SVS shares for $5; or (b) SUB shares for 75 cents or SVS shares for $7.50.

The proceeds from the exercise of the warrants will be primarily used by the company to continue to execute on its growth strategy, as well as general corporate and working capital purposes.

Pursuant to the warrant indentures, the company may accelerate the expiry date of the warrants in the event that the closing price of the SUB shares on the Canadian Securities Exchange is greater than $1.50 per SUB share for a period of 10 consecutive trading days.

The company confirms that prior to the date hereof, an acceleration trigger has occurred. In accordance with the terms of the warrant indenture, the company has delivered notice to the holders of warrants that the acceleration trigger has occurred and that the company is exercising its right to accelerate the expiry of the warrants. Accordingly, the warrants are now set to expire at 11 a.m. Mountain Time on June 26, 2019, being the 30th day following the delivery of the acceleration notice. Any warrants remaining unexercised after the early expiry date will be cancelled.

As of the close of market on May 27, 2019, warrants to purchase up to 7,174,808 SUB shares, and warrants to purchase up to 173,113 SVS shares have yet to be exercised under the warrant indentures. Accordingly, if all of the outstanding warrants are exercised, gross proceeds to the company will total approximately $5.9-million.

Holders may exercise the warrants before 11 a.m. Mountain Time on June 26, 2019, by observing the process as set out in the applicable warrant indenture. The contact details for the warrant agent is: Odyssey Trust Company, Suite 350, 300 5th Ave. Southwest, Calgary, Alta., T2P 3C4, attention: corporate trust.

About Cannabis One Holdings Inc.

Cannabis One Holdings is focused on aggregating and optimizing popular cannabis brands throughout North America. With its unique, franchise-ready retail brand, the Joint, and through targeted acquisition and partnership opportunities, Cannabis One intends to become the premier, globally recognized house of brands, holding a client portfolio of award-winning products with an extensive market footprint. Through the company's the Joint retail concept, Cannabis One intends to leverage the consumer and brand data harvested from its retail locations to bring data-driven analytics to an emerging, branded industry. For consumers, Cannabis One desires to become the definitive source for unparalleled product selection and renowned service in an otherwise fragmented market.

We seek Safe Harbor.