Cannovum Cannabis AG: Bundestag confirms Cannovum Cannabis AG's business
model for cultivation clubs, legal certainty for recreational cannabis producers

EQS-News: Cannovum Cannabis AG / Key word(s): Market Launch
Cannovum Cannabis AG: Bundestag confirms Cannovum Cannabis AG's business
model for cultivation clubs, legal certainty for recreational cannabis
producers

07.06.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Cannovum Cannabis AG: Bundestag confirms Cannovum Cannabis AG's business
model for cultivation clubs, legal certainty for recreational cannabis
producers

Cannovum Cannabis AG (stock exchanges Frankfurt/Xetra, Düsseldorf, Munich,
Hamburg, Berlin, gettex: ISIN DE000A37FUP2) welcomes the amendments to the
Cannabis Act (CanG) passed by the Bundestag in the third reading on June 6,
2024. This means that cultivation associations can apply for a license in
time for July 1, 2024 and subsequently start their operational activities.

With the amendments to the Cannabis Act, cultivation associations have legal
certainty for their actions. Cannovum Cannabis AG, together with partners
from the agricultural sector, partners from facility management and
innovative digital start-ups, will soon be presenting attractive offers.
These offers will simplify the development and daily work of the cultivation
associations. The offers are commercially attractive and legally compliant
as a partnership model.

With a variety of such offers and services, Cannovum Cannabis AG intends to
generate significant sales in the area of recreational cannabis and create
significant value for shareholders and the company.

"As a renowned public limited company, we see ourselves in a unique position
to offer attractive and legally compliant services for cannabis clubs and
cultivation associations together with our partners. The established growers
in our subsidiary Anbau-Allianz GmbH are a role model here," says Klaus
Madzia, CEO of Cannovum Cannabis AG.

The cultivation alliance, Anbau Allianz für Deutschland GmbH, has strong
partnerships with leading organizations and companies, which strengthens the
company's position as a market leader and offers investors an exceptional
opportunity to participate in the growth of the German cannabis market and
create sustainable value.

Partners of Anbau-Allianz für Deutschland GmbH include Osnabrück University
of Applied Sciences, the horticultural companies Hortensien Spieker, UN
Moorman, Baum Düsseldorf UG, Blumen Rieke and Cox Gartenbau, as well as the
innovative growth optimizer Spex AI, Gartenbauversicherung Deutschland VVaG,
the international analytics company Wessling, the market leader for
biological plant protection Koppert and the supplier of ecological plant
pots Pottburri.

Further information at: www.cannovum.de

Contact:

Klaus Madzia

CEO

Cannovum Cannabis AG

email: klaus.madzia@cannovum.com

Tel: +49 178 5811701

About Cannovum Cannabis AG:

Cannovum AG (www.cannovum.de, www.cannovum.com) is the first German cannabis
company to be traded on the stock exchange. The shares are traded on the
Frankfurt/Xetra, Düsseldorf, Munich, Berlin, Hamburg and gettex stock
exchanges.


---------------------------------------------------------------------------

07.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        Cannovum Cannabis AG
                   Stresemannstrasse 23
                   10963 Berlin
                   Germany
   Phone:          0178 5811701
   E-mail:         klaus.madzia@cannovum.com
   Internet:       www.cannovum.com
   ISIN:           DE000A37FUP2
   WKN:            A37FUP
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf
                   (Primärmarkt), Frankfurt, Hamburg, Munich, Tradegate
                   Exchange
   EQS News ID:    1920153

End of News EQS News Service
---------------------------------------------------------------------------

1920153 07.06.2024 CET/CEST