TORONTO - CordovaCann Corp. (CSE: CDVA) (OTCQB: LVRLF) ('Cordova' or the 'Company'), a cannabis-focused consumer products company, is pleased to announce the closing of a non-brokered private placement financing (the 'Offering'), pursuant to which the Company issued 6,210,190 common shares at a price of $0.25 per share for gross proceeds of $1,552,548; of which $1,411,680 was received in cash and $140,868 was issued in settlement of outstanding fees and debt.

The proceeds of the Offering are intended to be used for capital expenditures in relation to the Company's retail operations as well as general corporate purposes and working capital needs. Mr. Taz Turner, Chairman and CEO of Cordova, commented, 'This financing should allow the Company to build-out and open the ten Star Buds cannabis retail stores now under the Cordova umbrella and allow the Company to begin generating positive cash flow. We look forward to opening the first stores in the coming months and continuing to expand our footprint in the cannabis retail market.'

The common shares sold under the Offering are subject to a four month and one day hold period which, under applicable Canadian securities laws, expires on September 23, 2020, and such further restrictions as may apply under foreign securities laws. The securities issued in connection with the Offering have not been registered under the Securities Act of 1933, as amended, or any state securities laws and they may not be offered or sold in the United States absent of registration or an applicable exemption from registration requirements. This press release does not constitute a solicitation or offering to purchase any securities of the Company. All references to dollar amounts in this press release are in Canadian Dollars unless stated otherwise.

About CordovaCann Corp.

CordovaCann Corp. is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple jurisdictions including Canada and the United States. Cordova primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry.

Contact:

Taz Turner

Tel: (917) 843-2169

Email: taz@cordovacann.com

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