SOL Global Continues NCIB and Announces Board Changes

CANNANNEW REPORT

Corporate Update on Core Holdings Issued and Outstanding Shares are 53,217,538 TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) is pleased to announce that it will continue purchasing shares under its previously announced normal course issuer bid (“NCIB”), which commenced on March 31, 2021. To date, an aggregate of 1,538,800 common shares in the capital of the Company (“Common Shares”) have been purchased by the Company during the current purchase cycle pursuant to the Company’s NCIB at an average price of $4.3831 per share. A maximum of 2,737,805 Common Shares may be purchased pursuant to the NCIB, representing approximately 5% of the issued and outstanding Common Shares as at the time of the commencement of the NCIB. There are 53,217,538 Common Shares issued and outstanding as of the current date. An additional 1,199,005 Common Shares may be purchased by the Company under the NCIB. The Company intends to repurchase the full 5% and will be updating the market on the progress of its NCIB on a monthly basis. The NCIB is expected to terminate on March 31, 2022, or such earlier date at the discretion of the Company or upon the completion of the purchase of the maximum number of Common Shares under the NCIB. All Common Shares purchased under the NCIB are being purchased on the open market through the facilities of the Canadian Securities Exchange (the “CSE”). All purchases made under the NCIB will be at the prevailing trading price for the Common Shares at the time of purchase. Common Shares acquired by the Company under the NCIB are being purchased for cancellation. Board Additions SOL Global is pleased to announce that Alex Spiro and Kevin Taylor have joined the Company’s Board of Directors (the “Board”). Mr. Spiro will assume…

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