PharmaCann Completes $85 Million Senior Secured Note Offering

Leading U.S. and Canadian lenders participated in the offering. Canaccord Genuity Corp. served as financial advisor to PharmaCann and legal advisors included Fox Rothschild LLP and Dentons Canada LLP.

Forward-looking Statements

This press release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislations (collectively, the “forward-looking information”) that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the Company’s results to differ materially from those expressed or implied by such forward-looking information.  Forward-looking information includes all statements that are not historical facts. In some cases, you can identify forward-looking information by the use of forward-looking terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.  Such forward-looking information is based on the beliefs and assumptions of the Company’s management based on information currently available to management. Such forward-looking information is subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking information. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company undertakes no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.