Core One Labs Inc. (CLABF)

[Sam Dan]

HERE YOU GO!!

"("LDS" or the "Company") is pleased to announce that during its fourth quarter of 2018 the Company generated over three million dollars in revenue, as reported in its Annual Audited Financial Statements filed on SEDAR.

The Company reported total revenue of CAD$4,080,747 for the year ended December 31, 2018. The majority of the revenue, CAD$3.1 million, was received in the fourth quarter of 2018. The gross margin for the year 2018 was negative $1,689,471 and resulted from $5,770,218 in cost of sales.

The Company's CEO, Brad Eckenweiler, stated, "Although it took most of the year to achieve revenue, the fourth quarter numbers are very encouraging. We believe that our numbers in 2019 will be significantly better due in part to anticipated tax reductions by both the City of Adelanto and the State of California. The taxes on cultivation, manufacturing, transportation, distribution and sales in 2018 amounted to a significant portion of the cost of sales."