HYTN Welcomes U.S. Recommendation to Reclassify Cannabis, Foresees Growth - Seite 2

For more information contact:

Elliot McKerr
Chief Executive Officer
1.866.590.9289

HYTN Investor Relations
1.866.590.9289
[e-mail]

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

This press release contains forward-looking statements, as defined under applicable securities laws, that involve risks and uncertainties and may include certain information. These statements reflect the Company's current expectations regarding future events, including but not limited to the impact of the U.S. DEA's reclassification of cannabis on HYTN Innovations Inc.'s operations and business opportunities in the United States. Forward-looking statements include statements regarding: (i) the potential for increased research and development following cannabis’s reclassification; (ii) anticipated improvements in the regulatory and tax environments for cannabis businesses; and (iii) expectations regarding market growth and integration into mainstream healthcare and consumer markets. Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development, and results of the Company’s business include, among other things: the Company's ability to generate sufficient cash flow from operations to meet its current and future obligations; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures, and supply and demand in the Company’s industry; general economic and business conditions; and the effects and impacts of the COVID-19 pandemic, the extent and duration of which are uncertain at this time, on the Company's business and general economic and business conditions and markets. Any statements that are not statements of historical fact are deemed to be forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release, and, except to the extent required by applicable law, the Company assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether because of new information, future events, or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary note.