Ann: EXL expands into Europe driving international growth, page-2

Key Highlights:

● Elixinol establishes new sales hubs in the Netherlands, Spain and United Kingdom, with product fulfillment supported by local European based contract manufacturers

● European strategy to include a direct sales force, in addition to existing sales via distributors, in recognition of the strong momentum building around hemp and cannabis derived products in Europe, with analysts predicting the European cannabis market alone to drive annual sales of €115.7bn by 20281

● Appointments made to newly created positions of Managing Director, Elixinol Europe and a Sales and Marketing Director, leading a 12 person team located across Europe

● Expanded and upgraded e-commerce site and infrastructure to enable direct sales in Europe and other countries via www.elixinol.com

● European investment follows the announcement in late September that Elixinol Global had raised capital to propel its international growth strategy and demonstrates commitment to scaling its business in the rapidly growing global cannabis market