Cannovum Cannabis AG: Cash capital increase from authorized capital with
subscription rights

EQS-Ad-hoc: Cannovum Cannabis AG / Key word(s): Corporate Action
Cannovum Cannabis AG: Cash capital increase from authorized capital with
subscription rights

04-Jun-2024 / 10:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Art. 17 MAR 04.06.2024

Cannovum Cannabis AG: Cash capital increase from authorized capital with
subscription rights

The Management Board of Cannovum Cannabis AG (stock exchanges Frankfurt,
Xetra, Düsseldorf, Munich, Hamburg, Berlin, Tradegate, gettex: ISIN
DE000A2LQU21) today resolved to carry out a capital increase from the
authorized capital by issuing 888,900 new shares on the basis of the
authorization of the Annual General Meeting on 13.11.2020.

The Executive Board has decided to grant the shareholders subscription
rights by offering the new shares exclusively to the current shareholders of
the company at a ratio of 8:5 at a subscription price of EUR 1.00 per share
in accordance with Section 186 (5) AktG. The close of business today will be
set as the time of proof for the subscription right.

It is planned that the offer to shareholders will be made without a
prospectus. The subscription period is fourteen days and will be announced
after approval and publication of the securities information sheet.

The proceeds from this cash capital increase will be used to reduce
liabilities and finance ongoing business operations.

Contact:

Klaus Madzia

Management Board

Cannovum Cannabis AG

email: klaus.madzia@cannovum.com

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.


End of Inside Information

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04-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   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:    1917083

End of Announcement EQS News Service
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1917083 04-Jun-2024 CET/CEST