Hiku Brands Company Ltd. DJACF

Completed cannabis harvests and presales licence inspection

[bpeters]

Key points of todays N.R.:

• Doja has successfully completed its initial cannabis harvests and has requested a presales licence inspection from Health Canada.
• The presales licence inspection is the last step prior to the issuance of a sales licence under the ACMPR.

Trent Kitsch, CEO commented "I'm extremely proud of our cultivation team, they have delivered on all levels:

• The quality of our flower is impressive, and the yields exceeded our expectations.
• Our growers focus on bringing out the fullest expression of the plant's genetic potential, in our first four strains.
• Postharvest, our flowers were expertly hand trimmed, hang dried and artisanally cured.
• Our handcrafted approach is aimed at producing the finest cannabis with exceptional aroma, flavour and effects.

"Requesting our presales licence inspection from Health Canada is another major milestone for Doja.

• There are currently only 26 independent companies with cannabis sales licences under the ACMPR in Canada.
• Once licensed, Doja can begin selling cannabis and position itself as a premium handcrafted producer in advance of the impending recreational market."

The future lab update

It has closed its previously announced acquisition of a 22,580-square-foot commercial building in Kelowna, B.C.

• Doja plans to move forward with building out a state-of-the-art extraction facility and apply for an oil production licence at the future lab.
  • The company plans to build out the future lab in a phased approach;
  • once fully completed, the facility is projected to produce approximately 4,500 kilograms per year,
  • pushing total corporate production capacity to over 5,000 kilograms per year, representing a 760% increase in production over the existing production facility.