===
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
2024-06-07 / 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.


2024-06-07 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 2024-06-07 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1920153&application_name=news

END) Dow Jones Newswires

June 07, 2024 01:00 ET (05:00 GMT)