Bangi Inc (BNGI)

[Smilin_B]

"Our designation as one of the first public companies that meet the criteria of an entity operating in an IRS-designated Opportunity Zone will be a significant benefit to the company and its shareholders, particularly when considering that many of the approved cannabis locations are located in such Opportunity Zones," said Dr. Neil Parsan, Chairman and Chief Executive Officer of BANGI, Inc. "This new designation will provide numerous tax benefits to our investors while making our stock much more attractive to the overall investment community, including institutional investors, hedge funds and high net-worth investors," concluded Dr. Parsan.

According to the IRS, at www.irs.gov, "[a]n Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment." Further, "[a] Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property that is located in a Qualified Opportunity Zone." Any stock acquired from the Company, including publicly traded stock, upon becoming a Qualified Opportunity Zone Business, either directly or through an underwriter in exchange for cash, will be treated as Qualified Opportunity Zone Stock and can lead to tax benefits for the holder of such investments. For more information, please visit "Opportunity Zones Frequently Asked Questions" available online athttps://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions.