Mr. Edward Fields reports

DIONYMED SUBSIDIARY SUES TO STOP EAZE CREDIT CARD PROCESSING

Dionymed Brands Inc.'s wholly owned subsidiary, Herban Industries CA LLC, has filed suit in the California Superior Court for the county of San Francisco against Eaze Technologies Inc. seeking an injunction to halt Eaze's processing of credit and debit cards through its website and app. The complaint alleges that "to gain an unfair competitive advantage in the California cannabis delivery market, Eaze is directing, coordinating, and participating in a scheme to defraud credit card companies and financial institutions into processing cannabis transactions in violation of a host of criminal laws," including prohibitions against wire fraud and bank fraud. The complaint alleges Eaze carries out this conspiracy using offshore payment processors and a series of shell companies to conceal the cannabis nature of card purchases made on its platform. As relief, the complaint seeks an injunction to halt Eaze's credit and debit card processing and an end to its unfair competition against Chill, Dionymed's direct-to-consumer platform.

About Dionymed Brands Inc.

Founded in 2017, Dionymed is a multistate cannabis brands platform, supporting cultivators, manufacturers and award-winning brands in the medical and adult-use cannabis markets. Dionymed sells branded products in every category from flower to vape cartridges, concentrates and edibles. Dionymed serves cannabis consumers through retail dispensary distribution and direct-to-consumer fulfillment with its growing portfolio of award-winning brands.