Radiko Holdings Corp. (GEATF)

[JohnCM]

INTERNATIONAL CANNABRANDS ANNOUNCES FINANCING ENGAGEMENT
CO-LED BY GRAVITAS SECURITIES AND CANACCORD GENUITY

October 11, 2018

International Cannabrands Inc. (CSE:JUJU) (the
“Company”) is pleased to announce it has entered into an engagement letter with Gravitas
Securities Inc. (“Gravitas”) and Canaccord Genuity Corp. (collectively, the “Agents”) to act as
agents, on a commercially reasonable “best efforts” agency basis, to offer up to 25,000,000 units
of the Company (the “Units”) for sale to raise gross proceeds of up to $5 million, subject to the
option of the Agents (the “Over-Allotment Option”) to offer for sale up to an additional
25,000,000 Units for gross proceeds of up to another $5 million (collectively, the “Offering”).

Gravitas is acting as Lead Agent and has the right to act as the lead manager and sole bookrunner
for the Offering.

Each Unit is being offered at a price of $0.20 and consists of one (1) common share in the capital
of the Company (a “Common Share”) and one-half (1/2) of one common share purchase
warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one
additional Common Share at a price of $0.30 per share for a period of 36 months, subject to the
ability of the Company to accelerate the expiry date at any time after a period of four (4) months,
if, during the term of the Warrants, the volume weighted average closing price of the Common
Shares on the Canadian Securities Exchange is greater than $0.50 for ten (10) consecutive
trading days.

The Common Shares and Warrants will bear a four month hold period from the
date of issue.

The Agents will be paid a cash commission equal to 7% of the gross proceeds of the Offering
and will also receive warrants to purchase such number of Common Shares as is equal to 7% of
the Units sold under the Offering (the “Broker Warrants”). The Broker Warrants will be
exercisable for a period of 36 months following closing of the Offering at an exercise price of
$0.20 per share.

It is anticipated that the net proceeds from the Offering will be used to fund the acquisition of La
Vida Verde, Inc. (see the Company’s press release dated September 21, 2018), other accretive
acquisitions and for general corporate proposes.

The completion of the Offering is subject to, among other things, completion of satisfactory due
diligence by the Agents, execution of an Agency Agreement between the Corporation and the
Agents and regulatory approval.

Steve Gormley, CEO commented: “We are thrilled to be working with Gravitas and Canaccord,
the absolute pinnacle of the financing industry in the cannabis sector.”