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Isracann Biosciences Inc. Board/Management Information 2023

Jan 24, 2023

46619_rns_2023-01-24_db02591a-a42c-4cdc-adab-a67133129d5b.pdf

Board/Management Information

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Form 51–102F3 MATERIAL CHANGE REPORT

Item 1. Name and Address of Company Isracann Biosciences Inc. (the “ Company ”) 1600 – 595 Burrard Street Vancouver, BC V7X 1L3

Item 2. Date of Material Change January 20, 2023

  • Item 3. News Release A news release dated January 20, 2023 was disseminated via Stockwatch and subsequently filed on SEDAR.

Item 4. Summary of Material Change The Company appoints Ajay Singh Kala as the Company’s interim Chief Executive Officer, effective January 20, 2023.

Item 5. Full Description of Material Change 5.1 Full Description of Material Change

The Company announced the appointment of Ajay Singh Kala as the Company’s interim Chief Executive Officer, effective January 20, 2023, following the resignation of Phil Floucault.

5.2 Disclosure for Restructuring Transactions

Not applicable.

  • Item 6. Reliance on subsection 7.1(2) of National Instrument 51–102 Not applicable.

Item 7. Omitted Information

None.

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Item 8. Executive Officers

The following senior officer of the Company is knowledgeable about the material change and this Material Change Report and may be contacted at:

Yana Popova Chief Financial Officer and Corporate Secretary 604-328-5598 [email protected]

Item 9. Date of Report

January 24, 2023