AYURCANN REPORTS 2023 FINANCIAL RESULTS FEATURING $22,371,604 IN GROSS REVENUE - Seite 2

OPERATIONAL HIGHLIGHTS FOR THE YEAR ENDED JUNE 30, 2023

• 8,500 Product Listings in dispensaries throughout Ontario, New Brunswick, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon;
• Consistently supplied SKUs into the market, reflecting the reliability and value that Ayurcann brings to the market; and
• Regular participation in product calls to add new SKUs across the country by managing its offerings and delivering value and innovation.
  
  

“With the establishment of our Product Listings, and with an increase in production capacity, strategic partnerships, and the ability to maintain our market share in the categories we participate in, we are confident that we will continue securing additional listings and grow market share across the country, thereby helping grow our top line revenues,” further added Mr. Sudman.

For further information, please contact:

Igal Sudman, Chairman and Chief Executive Officer
Ayurcann Holdings Corp.
Tel: [phone]
Email: [e-mail]

Investor Relations:

Email: [e-mail]

About Ayurcann:

Ayurcann is a leading post-harvest solution provider with a focus on providing and creating custom processes and pharma grade products for the adult use and medical cannabis industry in Canada. Ayurcann is striving to become a partner of choice for leading Canadian cannabis brands by providing best-in-class, proprietary services including ethanol extraction, formulation, product development and custom manufacturing.
For more information about Ayurcann, please visit www.ayurcann.com and its profile page on SEDAR+ at www.sedarplus.ca.   

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “strategy”, “expects” or “does not expect”, “intends”, “continues”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “will be taken”, “will launch” or “will be launching”, “will include”, “will allow”, “will be made” “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the growth trajectory of the Company’s in-house brands having an impact on the future development of Ayurcann; the Company securing additional product listings and market share across the country, allowing the Company to grow its revenue; and the ability of the Company to become the partner of choice for leading Canadian and international cannabis brands.