Hempsana Receives Amended Sales License Allowing Sale of Cannabis 2.0 Products

CANNANNEW REPORT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO–(BUSINESS WIRE)–$HMPS #cannabis–Hempsana Holdings Ltd. (the “Company” or “Hempsana”) is excited to announce that the Company has received approval from Health Canada to amend their cannabis licence to authorize the activity of sale of cannabis extracts, beverages, edibles, and topical products. The amended licence will allow Hempsana to supply and sell finished cannabis products directly to provincial distributors and other authorized Canadian retail supply channels. Randy Ko, co-founder and CEO of Hempsana says, “The ability to sell Cannabis 2.0 products into the Canadian marketplace through our Cannabis Sales Licence is a significant milestone as it expands our revenue stream beyond delivering high quality API grade cannabis derivatives to our B2B customers. It also provides us with a unique opportunity to take advantage of our rare cannabinoid production capabilities as we look to incorporate cannabinoids such as CBN and CBG into specialized API quality products that consumers will be able to enjoy.” About Hempsana Holdings Ltd. The Company’s business involves the manufacturing of cannabis derivatives and producing cannabis extracts for use in finished products including extracts, beverages, edibles, and topical creams. Hempsana’s Health Canada Standard Processing Licensed, and EU-GMP compliant facility provides the Company with access to wholesale and retail channels in Canada and internationally. READER ADVISORY The securities set forth herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of…

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