June 27, 2019

Dear Fellow Shareholders,

I am excited to provide an update on our imminent public listing, our operations and what you can expect
from Bhang over the next few months.

After many months of hard work, aided by the support of our advisors and loyal shareholder base, I am
pleased to announce that we have received firm closing dates for our going public transaction (RTO) and
listing on the Canadian Stock Exchange (CSE):

• The RTO is expected to close on July 9th

• Trading of Bhang Inc’s stock on the CSE under the ticker “BHNG” will commence on July 10th

This is exceptional news for Bhang and its shareholders, catapulting our company into a new and exciting
chapter. The timing couldn’t better for Bhang to become a public company as it affords us with increased
access to the capital markets and support of our growth objectives!

To help raise awareness of Bhang in advance of our RTO, we stepped up our efforts during the past month,
socializing our story with the investment community, hosting several days of meetings with institutional
investors and sell-side analysts. The reception we have received from the investment community has been
overwhelmingly positive and sets the stage for us to increase the frequency of these efforts once we start
trading on the CSE.

At the same time, we’ve continued to strengthen our market position by attending several key industry
conferences, including LA CannaGather, Los Angeles’s premier cannabis industry community, and the
Hemp Industry Daily Conference in New Orleans. Bhang was also featured in Forbes, ABC Radio, Culture
magazine, Foodbeast magazine and won the Best Cannabis Infused Chocolate Award at WeedCon, further
cementing Bhang as one of the most awarded cannabis companies in the world.

Over the ensuing months, our shareholders can expect to see the strength of the new Bhang through
strategic acquisitions and laser focus of the executive team. This includes several exciting new product
announcements which will open some very large and new market opportunities. Bhang is also expanding
into two new states in the coming months and pursuing accretive acquisitions that will help us accelerate
the execution of our strategy to become the premier house of brands in the cannabis industry.

We are excited about the imminent listing and what lies ahead. On behalf of the whole Bhang team, I
would also like to express my most sincere gratitude to my fellow shareholders for your continued support
of Bhang as we execute on our strategy and deliver exceptional growth results.

Sincerely,

Scott Van Rixel

Chairman & CEO