Mr. Nick Kuzyk reports

DIGICANN VENTURES ANNOUNCES AGREEMENT TO EXTEND MATURITY DATE FOR CONVERTIBLE DEBENTURES

Digicann Ventures Ltd. has entered into an agreement with holders of the company's 10.00 per cent senior unsecured convertible debentures to amend the debentures to extend the maturity date for an additional 12 months from March 12, 2024, to March 12, 2025. As previously announced on March 14, 2024, the holders of the debentures granted the company forbearance on the maturity of the debentures until April 30, 2024.

The company has satisfied the aggregate accrued interest on the debentures that was due on March 12, 2024, by the issuance of 2,501,807 common shares in the capital of the company on a pro rata basis to the holders of the debentures. As a result, the total number of common shares issued and outstanding as of the date of this news release is 21,631,090.

On May 30, 2023, the company announced an agreement to amend the debentures to extend the maturity date for an additional 12 months from March 12, 2023, to March 12, 2024.

About Digicann Ventures Inc.

Digicann Ventures is a company focused on opportunities within and outside of the cannabis industry.

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