Bzam Ltd (BZAMF)

[Halks1122]

From IR in relation to the stock moving to a new exchange;

Hi Andy,

The move to the CSE is to allow us to further discussions for an entry into the US. The largest market cap companies in the cannabis space like GTIII are listed in the CSE due to the current regulatory environment. We feel it is beneficial to make inroads into the US now as opposed to waiting for full decriminalization/legalization as this may take some time. The recent news regarding the SAFE banking act is encouraging from a capital perspective but does not deal with cannabis as a controlled substance federally.

We have seen some pressure from ETF selling but that seems to have abated and we are steadily seeing the stock move back up.

Regards,

Shane.