Mr. Igal Sudman reports

AYURCANN PROVIDES UPDATE ON BUSINESS COMBINATION

Ayurcann Holdings Corp., further to its news release date June 27, 2024, has received correspondence from Arogo Capital Acquisition Corp. that the business combination has been terminated and a related demand for $250,000 in connection with such termination is due. Capitalized terms not otherwise defined herein have the meanings attributed to them in the June 27 release.

Ayurcann disputes the fact that the transaction is terminated and disputes any related payment demands. The company will provide an update on the status of the transaction as soon as possible.

About Ayurcann Holdings Corp.

Ayurcann is a leading postharvest solution provider with a focus on providing and creating custom processes and pharma-grade products for the adult-use and medical cannabis industry in Canada. Ayurcann is striving to become a partner of choice for leading Canadian cannabis brands by providing best-in-class, proprietary services, including ethanol extraction, formulation, product development and custom manufacturing.

We seek Safe Harbor.