True Leaf Completes Inaugural Cannabis Harvest

Vernon, British Columbia– True Leaf Brands Inc. (CSE: MJ) (OTC Pink: TRLFF) (FSE: TLAA) has announced the completion its first harvest of premium craft cannabis. The Company is reported to have produced a small-batch cultivation of Orange Tingz at 20.6% THC and 2.3% terpenes, and no detectable microbials or heavy metals and a second batch was also cultivated and tested at 21.2% THC and 2.5% terpenes with negligible levels of microbials. True Leaf further stated that the product from these batches will be sold in the B2B wholesale cannabis marketplace.

“The success of our inaugural harvest confirms True Leaf is ready to scale its cannabis operations,” said Darcy Bomford, CEO, True Leaf. “These COA results demonstrate True Leaf’s operational strengths as a licensed producer, and the talent and dedication of our grow team. We look forward to moving to the next phase of our strategic plan: bringing this top-quality, non-gamma irradiated cannabis to consumers.”

Cautionary and Forward-Looking Statements

This news release contains “forward-looking statements” including, among other things, statements relating to the completion and timing for the two-batch amendment from Health Canada, license to sell cannabis products in retail stores and the expected market for craft cannabis products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of True Leaf to be materially different from those expressed or implied by such forward-looking information, including but not limited to: whether or not the Company will offer the units or consummate the offering, the final terms of the offering, prevailing market conditions, the anticipated capital raised under the offering, which could differ based upon market conditions, the anticipated use of the net proceeds of the offering, which could change because of market conditions or for other reasons, the impact of general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and other risks related to the cannabis industry. Forward-looking statements in this press release are expressly qualified by this cautionary statement. The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved of the contents of this press release.

(This information is primarily sourced from True Leaf Brands, Inc. Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).