Mr. Michael Perron reports

MTL CANNABIS CORP. ANNOUNCES AVAILABILITY OF ANNUAL GENERAL AND SPECIAL MEETING MATERIALS

Due to the Canadian postal strike, MTL Cannabis Corp. has adjourned the annual general and special meeting scheduled for Thursday, Dec. 12, 2024. The company has adjourned the meeting to ensure it satisfies the notice and delivery requirements pursuant to applicable corporate and securities laws. The record date will remain the same and the proxy cut-off date will be moved to 9 a.m. (Vancouver time) on Dec. 24, 2024. The meeting will be reconvened on Dec. 30, 2024, at 9 a.m. (Vancouver time). Materials for the meeting are posted under the company's profile on SEDAR+ and on the company's website. In the event that the postal strike ends prior to the meeting, the company will mail the materials for the meeting in the ordinary course.

E-mails providing a proxy with the voting control number and instructions for voting will be sent by the company's transfer agent, Odyssey Trust Company, to registered shareholders. Shareholders who do not receive an e-mail from Odyssey Trust Company with their proxy should contact Odyssey Trust Company at 1-888-290-1175 or e-mail shareholder@odysseytrust.com to request their proxy and voting control number.

Beneficial holders should contact their broker to request a voting information form, voting control number and instructions for voting.

Copies of the company's financial statements and related management discussion and analysis are available on the company's profile on SEDAR+ and applicable paper copies will be delivered once the postal strike concludes.

About MTL Cannabis Corp.

MTL Cannabis is the parent company of: Montreal Medical Cannabis Inc., a licensed producer operating from a 57,000-square-foot licensed indoor grow facility in Pointe Claire, Que.; Abba Medix, a licensed producer in Pickering, Ont., which operates a leading medical cannabis marketplace; IsoCanMed, a licensed producer in Louiseville, Que., growing best-in-class indoor cannabis in its 64,000-square-foot production facility; and Canada House Clinics Inc., operating clinics across Canada that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions.

As a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly craft for the masses. MTL Cannabis focuses on craft-quality cannabis products, including lines of dried flower, prerolls and hash, marketed under the MTL Cannabis, Low Key by MTL and R'belle brands, for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. MTL Cannabis has also developed several export channels for bulk and unbranded GACP-quality (good agricultural and collection practice) cannabis.

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