Molecule Holdings Inc. provided a general corporate update, including regarding the Company's spring and summer product launches into the Ontario Cannabis Store (the "OCS"). The product releases included new flavours from the following brands: PHRESH Summer Punch, Blue Raspberry, and Mango Peach, PHRESH STRAINS Pineapple Express, EMBODY Blood Orange & Rosemary and Mint & Honey, KLON Strawberry Wackari, and CANAJO Regular and Espresso Spice. Following the launch, there are a total of 11 Molecule-owned SKUs in OCS.

The performance results on all products, except for the CANAJO brand SKUs, have been very encouraging. The Company is considering its options relating to the CANAJO products and will update the market as required. For the months of July and August, total product sales were over 220,000 units.

The Company is also set to launch an additional four (4) new products into the OCS during its October product release, which is expected to include three (3) new PHRESH STRAINS flavours and a limited release holiday beverage: PHRESH Candy Cane Twist.