EDEN EMPIRE ANNOUNCES SIGNING OF LOI WITH FIRST FRANCHISEE FOR DISPENSARY IN MICHIGAN

A Word to Shareholders

Eden Empire Inc. (CSE: EDEN) (the "Company" or "EDEN Empire" or “EDEN”) is pleased to announce that it has signed a Letter of Intent (the “LOI”) with Indigo Concentrates, LLC (the “Franchisee”) which is intended to bring the first EDEN franchised dispensary to the State of Michigan. 

Key Notes:

• the Franchisee was a premier player in the medical marihuana caregiver program in the State of Michigan.
• State of Michigan saw 43% growth in cannabis sales year-over-year from 2020 to 2021.
• All EDEN Empire franchisees receive access to the Company’s supply agreements, proprietary tech stack, and invaluable industry experience.

"The intention of EDEN’s franchising opportunity is to give local stakeholders the ability to operate in their own communities and have access to the Company’s powerful brand and invaluable industry experience” President Kolten Taekema explained, “Signing this first LOI with Indigo Concentrates shows traction in the Michigan market with groups looking to utilize the unique street-style EDEN branding and retail experience.”

To learn more about EDEN’s franchise opportunities, please reach out tofranchise@edenempire.com.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

For further information or should you have any questions, please feel free to email us at investors@edenempire.com.

Kolt Taekema, President

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.