Mr. Bob Blink reports

BCSC DECLARES TRANSCANNA CURRENT ON ALL DISCLOSURES, LIFTS MCTO

The British Columbia Securities Commission (BCSC) has lifted the management cease trade order (MCTO) it had previously granted Transcanna Holdings Inc. on March 30, 2022.

The MCTO had been granted in conjunction with the company's anticipated filings of its annual audited financial statements, management discussion and analysis, and related officer certifications for the financial year ended Nov. 30, 2021, which were originally due March 30, 2022. Transcanna itself applied for the MCTO in order to forfeit management trades so that other shareholders could continue to trade while it organized the necessary filings.

The BCSC granted the company a new deadline, which was extended to include Q1 financials. The company has now successfully completed all necessary filings for its annual and interim financials. Revoking the MCTO means members of management are no longer prevented from trading the company's common shares.

The company remains committed to timely financial transparency and wishes to thank the BCSC, the auditors and shareholders for their continued trust in this important commitment.

Transcanna's annual and interim financials are now publicly available on SEDAR.

About Transcanna Holdings Inc.

Transcanna Holdings is a California-based, Canadian-listed company building cannabis-focused brands for the California lifestyle, through its wholly owned California subsidiaries.

Transcanna's wholly owned subsidiary, Lyfted Farms, is California's authentic cannabis brand whose pioneering spirit has been continuously providing the finest cannabis flower genetics and cultivation methods since 1984. The Lyfted Farms brand of exclusive cannabis flower is sold at premium retailers throughout the state. With its new multipurpose facility in Modesto, Calif., the company is now poised to become one of the largest and most efficient vertically integrated cannabis companies in the California market.