Green Mountain Enters British Columbia Retail Market with Launch of Initial Three Products – Promises Expanded Offerings Ahead

Penticton, British Columbia–(Newsfile Corp. – April 11, 2024) – Green Mountain Health Alliance Ltd. (the “Company” or “Green Mountain”), is pleased to confirm that it now has products available for sale in cannabis retail stores in British Columbia.

Salil Dhaumya (acting CEO) commented: “Our restructuring in 2023 allows us to position our product very competitively. With the stringent regulations governing the marketing and packaging of cannabis products in Canada, price is one of the few metrics that a consumer uses to differentiate between new products appearing on the shelves. We will develop market share by offering premium craft products at attractive price points and I am pleased to see the market already reacting so positively.”

Green Mountain has developed this retail initiative in collaboration with a local licensed producer with access to over 500 stores in British Columbia. Initial product SKUs (Stock Keeping Unit) available for retail sales include 3 x 0.5 gm pre-rolls, 3 x 0.5 gm pre-rolls infused with kief and 14 gm bags of flower. The Company will be adding additional SKUs in line with retail demand.

Existing sales channels now include B2B sales (principally via the Canadian Cannabis Exchange), packaging and processing for third party licensed producers, medical exports to Australia and retail. Green Mountain will add to these channels and is currently exploring medical and adult use export to Germany as well as retail sales in other Canadian provinces.

For more information about Green Mountain, please contact:

Salil Dhaumya
sdhaumya@gmtn.ca

For investor inquiries:
Michele Lise
Investor Relations
mlise@gmtn.ca

This update contains forward-looking statements, which include, but are not limited to, statements concerning Green Mountain Health Alliance Ltd. and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

FREQUENTLY ASKED QUESTIONS

FAQs

It depends on the province. Most require you to be 19. Alberta's minimum age is 18 and Quebec's is 21.

Our full legal name, which appears on our licences and formal documents, includes “Health Alliance,” while our trade name is Green Mountain.

Our operations are based in the Okanagan region of British Columbia, which features heavily wooded surroundings, clean air and spring water.

Our cultivation and production teams are led by plant scientists, including an agriculture Hall of Famer. Every input is carefully reviewed and adjusted to support consistent products. See our Latest News section for in-depth articles exploring our processes.

Terpenes contribute to the aroma and flavour profile of cannabis. The dry climate of the Southern Okanagan supports terpene expression in our flower. Our products typically test in the 2–4% range.

We draw irrigation water from our on-site aquifer. The spring water is structured using a Schauberger vortex. The device mimics how water naturally swirls in a mountain stream, which some growers believe helps plants absorb it more efficiently. All our flower is hang-dried and non-irradiated unless required by law.

Our products are carried by authorized retailers in British Columbia, Ontario, Saskatchewan, Alberta, and Manitoba.

Yes, provided you meet the age restrictions of the provinces you are visiting and do not carry more than the 30-gram limit.

All our products undergo mandatory Government approved laboratory testing for potency, terpene levels, pesticides, heavy metals and contaminants in accordance with Health Canada requirements.

Being vertically integrated allows us to manage the full process from cultivation to market without needing to trust third-party intermediaries.

No. Impairment laws are strict. Check your local laws when it comes to driving or operating machinery after using cannabis.

Our largest shareholder is the Manitoba Metis Federation (MMF). We are aligned with their values of purity and social cohesion.

Tourists who meet the legal age requirement in the province where they are located may purchase cannabis. Cannabis cannot be taken across international borders, including to the United States.

Start low and go slow. Speak with a budtender or review the summaries in our Product Portfolio.