Avicanna Completes its First Commercial Export of its

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The distinctive distribution arrangement with Bio-Gate AG features 5 SKUs from Pura H&W’s proof-centered derma-cosmetics portfolio

Original portfolio launch is prepared for Germany, Austria, and Switzerland in Q3 2022

TORONTO, July 07, 2022 (Globe NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Business“) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical enterprise concentrated on the growth, production and commercialization of plant-derived cannabinoid-primarily based products and solutions is pleased to announce that the Organization has accomplished its very first industrial export of its proof-based derma-beauty line Pura H&W (“Pura” or “Pura Wellbeing & Wellness”) into the European Sector as a section of its source and distribution settlement with Bio-Gate AG (“Bio-Gate”).

A photo accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/bab76054-b480-4a1c-9d7a-0b8d3813b05b

Avicanna’s proof-based mostly derma-cosmetics portfolio has now been correctly imported into Germany exactly where Bio-Gate put together to launch this summer season. The portfolio of merchandise will to begin with be offered on the web at http://www.purahw.com and then more expanded into other on the web, retail and pharmacy channels throughout Germany, Austria, and Switzerland in the course of 2022.

“We are pleased to be entering the European industry with our very first line of branded products and to be carrying out so in collaboration with Bio-Gate. Each teams are fired up about the launch of the skincare portfolio in the coming months and are joyful to see the Pura Wellness and Wellness model set up a new European foothold,” commented Jens Kramer, VP of European Functions at Avicanna.

To its expertise, Avicanna carries out its functions in compliance with all relevant rules in the jurisdictions in which it operates.

About Pura H&W

Pura Health & Wellness (Pura H&W) is Avicanna’s derma-cosmetic line which makes use of a combination of purified CBD and other synergistic botanical substances intended to naturally regulate and nourish the pores and skin. The Pura H&W product or service line was created by Avicanna and precise products and solutions have gone through clinical trials. The solutions are now professional under Pura H&W or Pura Earth in Canada, Colombia, Ecuador, the U.S.

The Pura H&W formulations have been designed and optimized to produce purified, THC-absolutely free CBD in synergistic mixtures with other natural elements known to offer certain useful rewards in skincare. CBD has been revealed to promote skin wellness by inducing antioxidant, anti-inflammatory, and anti-apoptotic responses that could be beneficial for a selection of dermatological situations these kinds of as eczema or atopic dermatitis. In addition, CBD can down-regulate the exercise of cells that are significant in the manufacturing of pores and skin oils and consequently might dampen the generation in acne breakouts-prone pores and skin.

About Bio-Gate AG

Bio-Gate AG is a overall health technological know-how business and a major service provider of impressive technologies and items for well being, an infection command and cleanliness that can make living jointly safer and healthier, and enhance the very well-being of just about every individual. Bio-Gate specializes in giving components and surfaces with antiviral, antimicrobial or biologically active houses. Bio-Gate AG enhances materials and merchandise, especially in the industry of healthcare engineering, for case in point in the coating of implants or wound dressings. In addition, Bio-Gate systems are employed in dermatological active cosmetics and wound care goods, as well as client and industrial products.

About Avicanna Inc.

Avicanna is a professional-stage worldwide biopharmaceutical enterprise concentrated on the improvement and commercialization of proof-based mostly cannabinoid-centered items for the worldwide medical and pharmaceutical current market segments. Avicanna has an established scientific system including R&D and scientific advancement that has led to the commercialization of extra than 30 solutions across several market place segments:

Clinical Hashish & Wellness Items: Promoted under the RHO Phyto™ manufacturer these healthcare and wellness solutions are a line of pharmaceutical-grade cannabinoid merchandise made up of various ratios of cannabidiol (“CBD”) and tetrahydrocannabinol (“THC”). The product portfolio consists of a whole formulary of products and solutions including oral, sublingual, topical, and transdermal deliveries that have managed dosing, improved absorption and stability reports supported by pre-medical information. The formulary is promoted with shopper, affected individual and health care-local community schooling and coaching.

Pharmaceutical Pipeline: Leveraging Avicanna’s scientific system, vertical integration, and authentic-globe evidence, Avicanna has made a pipeline of patent-pending drug candidates that are indication-unique and in various stages of medical growth and commercialization. These cannabinoid-dependent drug candidates glimpse to handle unmet healthcare wants in the spots of dermatology, serious soreness, and many neurological disorders. Avicanna’s first pharmaceutical planning (Trunerox™) is in the drug registration stage in South America.

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For extra info about Avicanna, pay a visit to www.avicanna.com, make contact with Ivana Maric by e mail at [email protected] or observe us on social media on LinkedIn, Twitter, Facebook or Instagram.

The Corporation posts updates by films from the official Firm YouTube channel.

Cautionary Take note Relating to Ahead-Searching Info and Statements

This news launch has “forward-on the lookout information” within the that means of applicable securities legislation. Ahead-hunting information contained in this information launch may be identified applying terms these as, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other comparable expressions. While the Corporation believes that the anticipations and assumptions on which these ahead looking information and facts is based are reasonable, undue reliance really should not be put on the forward-looking facts mainly because the Enterprise can give no assurance that they will verify to be appropriate. Real results and developments could differ materially from all those contemplated by these statements. Forward-searching details is subject matter to a range of challenges and uncertainties that could result in real situations or benefits to differ materially from individuals projected in the ahead-looking information and facts. These kinds of pitfalls and uncertainties incorporate but are not confined to latest and potential current market circumstances, which include the market price of the popular shares of the Enterprise, and the hazard aspects established out in the Company’s yearly information kind dated March 31, 2022 submitted with the Canadian securities regulators and offered below the Company’s profile on SEDAR at www.sedar.com. The statements in this information launch are produced as of the date of this release. The Company disclaims any intent or obligation to update any forward-looking information, whether or not as a result of new details, foreseeable future gatherings or outcomes or if not, other than as required by applicable securities legal guidelines.

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