L&Q Notice – Cannasouth Limited Rights (“CBDRA”)

Issuer: Cannasouth Limited ("CBD") Ticker Code: CBDRA ISIN: NZCBDE0011S2 Details of Issue: A pro-rata renounceable rights issue of 1 new share for every 10 shares held on the Record Date. Ratio (New : Existing): 1 : 10 Exercise Price: $0.30 per new share Issue Price Payable: In full on application Registrar: Link Market Services ("LNKT") Settlement Status: NZCDC Settlement System Key Dates Ex Rights Date: Friday, 19 August 2022 Rights Commence Trading: Friday, 19 August 2022 Record Date: 5:00pm, Monday, 22 August 2022 Letters of Entitlement sent to Shareholders: Tuesday, 23 August 2022 Offer Opens: Tuesday, 23 August 2022 Offer Closes: 5:00pm, Wednesday, 7 September 2022 Rights Quotation Ceases: Thursday, 1 September 2022 Allotment of New Shares: Wednesday, 14 September 2022 Commencement of Trading of New Shares: Wednesday, 14 September 2022 Mark Peterson Chief Executive Officer NZX Limited 12 August 2022 End CA:00396845 For:REGCO Type:OFFER Time:2022-08-12 10:50:20