Mr. Terry Pullen reports

GREENBANK SHARE LATEST UPDATE IN CODIKOAT POSITION

Following a recent fundraising carried out in the context of recent positive developments in GreenBank Capital Inc. portfolio company CodiKoat, the value of its holding has increased significantly.

Based on the latest valuation of CodiKoat, GreenBank's investment into the portfolio company of $928,792, which was completed in May, 2021, is now worth approximately $1.9-million. Although as of yet unrealized, if this valuation were to be sustained on a sale of GreenBank's stake in the company, it would represent more than a two times return on the company's initial investment.

CodiKoat, developers of the fastest ISO certified anti-microbial and anti-viral coating technology in the world, has also recently announced the appointment of a new chief executive officer, Blake Gudgel, the expansion of its labs near Cambridge, the recruitment of additional staff and some exciting new commercial developments.

About GreenBank Capital Inc.

GreenBank Capital is a business transformation firm, which aims to nurture early-stage and growth companies to their full potential. Through modern approaches to consultancy services, GreenBank takes a stake in companies it hopes to nurture and gives the opportunity to the founders and executives of those companies to benefit from the years of collective experience of the GreenBank management team.

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