Mr. Nicholas Sosiak reports

CANNARA BIOTECH INC. TO HOST INVESTOR WEBCAST ON MAY 4TH, 2023

Cannara Biotech Inc. will host a webcast investor presentation on Thursday, May 4, 2023, at 2 p.m. ET.

During the webcast, Nicholas Sosiak, chief financial officer, will conduct a presentation that will cover key areas of Cannara's business. After the formal presentation, investors will have an opportunity to ask relevant questions through an interactive Q&A (question and answer) portal. To listen to the webcast or to ask questions during the live event, please preregister on-line.

An archived version of the webcast and presentation will be available on the company's website.

About Cannara Biotech Inc.

Cannara Biotech is a vertically integrated producer of affordable premium-grade cannabis and cannabis-derivative products for the Quebec and Canadian markets. Cannara owns two megafacilities based in Quebec spanning over 1.65 million square feet, providing the company with 120,000 kilograms of potential annualized cultivation output. Leveraging Quebec's low electricity costs, Cannara's facilities produce premium-grade cannabis products at an affordable price.