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VANCOUVER, March 15, 2019 /CNW/ - SpeakEasy Cannabis Club
Ltd. (CSE: EASY) (Frankfurt: 39H) (the "Company" or "SpeakEasy") announces
that the Company's Board of Directors has approved a grant of incentive stock options (the "Options") to an employee to
acquire up to an aggregate of 100,000 common shares in the capital of the Company (the "Common Shares"). The Options
have an exercise price of $0.90/share and will expire 5 years from the date of grant.
About SpeakEasy Cannabis Club Ltd.:
SpeakEasy is a late stage applicant under the Access to Cannabis for Medical Purposes Regulations (the "ACMPR") that is
seeking to leverage three generations of farming experience in B.C. to produce high quality, small batch cannabis products once
it obtains a license to do so. The Company currently owns 290 acres of land in Rock Creek,
British Columbia. The Company's 10,000 square foot indoor facility will allow for the growth, production, and cultivation
of small batch cannabis if and when the Company obtains a license from Health Canada. Construction has also commenced on an
80,000 square foot expansion facility. Completion for the expansion is projected for Q1 2019.
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve
known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements,
or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should"
occur.
Forward-looking statements in this document include statements concerning SpeakEasy's intent to grant options, its intent to
obtain a license under the ACMPR, its intent to produce and sell high quality craft cannabis once it receives a license from
Health Canada, its intention to complete construction of its expansion facility and the timeframe within which the construction
of such facility will be completed and all other statements that are not statements of historical fact.
Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information
available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events, to be materially different from
any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature,
these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause
actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties
associated with general economic conditions; adverse industry events; future legislative and regulatory developments involving
cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access
sufficient capital on favorable terms; the cannabis industry in Canada and generally; the
ability of SpeakEasy to implement its business strategies; competition; the ability of SpeakEasy to obtain all applicable
licenses under the ACMPR and other assumptions, risks and uncertainties.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF
THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT
DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
SOURCE SpeakEasy Cannabis Club Ltd.
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