CANN GROUP LIMITED — Share Issue/Capital Change 2023

Nov 20, 2023

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21 November 2023

ASX Market Announcements Office ASX Limited Level 4, North Tower Rialto Building 525 Collins Street Melbourne VIC 3000

Attention: Ms Melissa Kostopoulos

Dear Melissa

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT – ISSUE OF SHARES

Cann Group Limited ( Cann ) (ASX: CAN) provides notice that 985,286 fully paid ordinary shares ( Shares ) were issued on 21 November 2023 to Obsidian Global GP, LLC in accordance with the Convertible Securities agreement announced 21 November 2023.

CAN gives notice that:

• (a) the Shares were issued without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act );

• (b) this notice is being given under section 708A(5)(e) of the Act;

• (c) as at the date of this notice, CAN has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to CAN; and

  • (ii) section 674 and 674A of the Act;

• (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act.

Yours faithfully

Deborah Ambrosini Company Secretary Cann Group Limited

Cann Group Limited ABN 25 603 949 739, Australia 262-276 Lorimer Street, Port Melbourne, Victoria, 3207, Australia Tel +61 (0) 3 9095 7088 | www.canngrouplimited.com