Adastra Announces Intention to Terminate SEC Reporting Obligations - Seite 2

Common shares of Adastra trade under the symbol XTRX on the Canadian Securities Exchange and under the symbol XTXXF on the OTC Pink Market.

On behalf of the Board of Directors,

Lachlan McLeod, Interim CEO, CFO & Corporate Secretary
[phone]

For additional information, please contact:
[phone]
[e-mail]

Forward-Looking Information

This news release contains forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Forward-looking information in this release includes the Company's intention to terminate its reporting obligations with the SEC; that the filing of the Form 15F will immediately suspend the Company's reporting obligations under the Exchange Act; that the deregistration will become effective 90 days from today; that the Company's common shares will continue to trade on the CSE; that the Company will continue to comply with its Canadian continuous disclosure obligations by making filings with the applicable Canadian securities regulators; and that the Company's filings will continue to be available under the Company's profile on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Important factors that could cause actual results to differ materially from those expressed in the forward-looking information include: changes in the Company's plans with respect to its reporting obligations in the United States and other factors beyond the control of the Company. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.