Tranche Update on AMCON Distributing Company's Equity Buyback Plan announced on December 26, 2019.

AMCON Distributing Company is a distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products. The Company’s Wholesale Distribution segment distributes consumer products and provides a range of programs and services to its customers. The segment serves approximately 7000 retail outlets, including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops. The Company’s Retail Health Food segment, through its Healthy Edge, Inc. subsidiary, is a specialty retailer of natural/organic groceries and dietary supplements, which focuses on nutritional consultation. It has 12 distribution centers in Illinois, Missouri, Nebraska, North Dakota, and others. The Company operates approximately 14 health food retail stores located across the Midwest and Florida. It owns a distribution facility which consists of 249,200 square feet set on 38 acres.