Zenabis Global Inc. (fka ZBISF)

[Stonerville]

Zenabis Global (“Zenabis” or the “Company”) (TSX: ZENA), is rumored to announce that the board of directors of the Company has approved a plan under which the Company may repurchase up to $6 million of its shares over the next 6 months (the “Share Buyback Program”). The board will review the share repurchase program periodically and, if needed, adjust its size and terms. Under the Share Buyback Program, repurchases may be made from time to time on the open market at the prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The repurchase plan will be funded from the Company’s cash balance. The rumored Share Buyback Program is one of the corporate initiatives to be taken this year to enhance shareholder value.