DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") has changed its appointed auditor from Baker Tilly WM LLP ("Former Auditor") to Zeifmans LLP ("Successor Auditor") effective August 5th, 2022. DGTL Holdings Inc. board of directors accepted the resignation of the Former Auditor and appointed the Successor Auditor as the new auditor of the Company effective August 5th, 2022, and to hold office until the close of the Company's next annual general meeting of shareholders.

There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations) between the Company and the Former Auditor. In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Company's audit committee and board of directors and filed on SEDAR.

For more information contact Investor Relations Email: IR@dgtlinc.com Phone: +1 (877) 879-3485 --

DGTL Holdings Inc. is building a portfolio of digital media technologies and services. DGTL (i.e., Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a service) companies entering a rapid growth lifecycle stage within the sectors of social, mobile, gaming and streaming. DGTL's vision is to build a walled garden digital media conglomerate via M&A and a blend of unique capitalization structures. DGTL is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L".

For more information, visit: www.dgtlinc.com

As a wholly owned subsidiary, Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Their flagship TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for itsF500 level clients. Engagement Labs is expanding its products and service offerings to a full-service social media marketing content, analytics and distribution-based social management platform.

To learn more visit https://dgtlinc.com/social-media-analytics.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133993

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Digital media and marketing technologies are constantly evolving, with social media apps such as TikTok, Snapchat, and YouTube experiencing growth, especially during the pandemic and with the adoption of Artificial Intelligence (AI). Influencer marketing also thrived in 2021, and the industry is expected to grow to US$14 billion in 2021, which shows how powerful social media marketing has become. For investors looking into this space, established digital marketing companies that know how to work with social media are an impressive proposition.

DGTL Holdings (TSXV:DGTL) is a venture capital asset management company focused on acquiring and accelerating transformative and disruptive social media, marketing and advertising technologies (martech/adtech), powered by artificial intelligence (AI).

DGTL stands for Digital Growth Technologies and Licensing and the company specializes in acquiring and advancing fully commercialized enterprise-level B2B software-as-a-service (SaaS) platforms in key growth categories, using a range of unique capitalization structures.

DGTL’s mission is two-fold. First, to build a diversified portfolio of high growth and disruptive digital media and martech SaaS for investors — filling a gap in the micro and small capital markets. Second, to create a wall garden ecosystem of digital media/marketing technology to offer a full-service platform to Fortune 100 level brands, like Fannie Mae or AEON.

DGTL’s mission is to help brands and agencies optimize their digital marketing efforts by leveraging the power of AI technologies. Tracking digital trends and evolving with changes in digital media, martech and adtech will also allow DGTL to create personalized and long-lasting relationships with influencers and content creators.

The company’s first acquisition is #HASHOFF, an innovative and scalable self-service SaaS solution for brands and agencies. It provides marketers with the tools to leverage the gig economy and engage with over 140 million potential freelance creatives and content creators.

Additionally, this proprietary technology leverages an amplified measurement center. This solution enables companies full access to data and analytics to enhance their brand online and in the space of digital marketing.

In February 2021, DGTL announced it had signed a new campaign activation surrounding the NCAA March Madness sporting event. The following month, the company revealed it was awarded a new social media marketing campaign contract from a globally recognized consumer packaged goods brand. Achieving high-quality contracts with big clients like these pushes DGTL forward in the digital media and advertising space.

With a grasp on evolving trends in social media and the overarching digital space, DGTL aims to take a significant position in this market.

#HASHOFF is an enterprise-level self-service SaaS solution for brands and agencies looking to engage with the digital marketing industry. It is built on proprietary AI and machine learning technology and designed to empower brands by identifying, managing and recruiting top-ranked digital content creators and media creatives online.

#HASHOFF consists of two proprietary solutions on its platform. The “IAM” component allows companies to search and discover the best content creators for their brand. Using context signals and machine learning, companies efficiently find the right creatives. The “Create Marketplace” component offers the tools to create a unified marketplace to connect brands and potential content creators. This solution utilizes the power of storytelling and user experience on various social media platforms to optimize the discovery process.

Future plans for #HASHOFF include software development for video-based influencers operating on platforms like TikTok, Snapchat and more.

John Belfontaine has over 15 years as a serial start-up entrepreneur and corporate development executive for private and publicly traded companies. He is active in the global capital markets with a track record of successful debt and equity financing for growth stage companies in excess of US$50M. Belfontaine has represented over 24 publicly traded companies as an officer, director, and either capital markets specialist or consultant, in a range of sectors and growth stages. Belfontaine is the founder of DGTL Holdings (TSXV:DGTL), and several other start up companies in health care, marketing, and advertising. He is the former CEO and chairman of Phivida Holdings (CSE:VIDA) and president, chairman and co-founder of Coachellagro, since sold to Mohave Jane (CSE:JANE). Belfontaine also worked as a retail wealth product manager at Empire Life Financial, and as an executive for national and regional consumer packaged goods (CPG) program management with several Fortune 100 companies.

Phil Frank has over 25 years of experience in digital media and adtech. Frank’s career has been focused on building global enterprise level advertising and data-driven marketing platforms. He is a first-generation digital marketer, joining Infoseek in early 1995. Frank’s proven leadership experience includes serving as the vice president of sales at AOL, as well as head of advertiser relations at Collective, and senior advisor to other leading digital marketing firms. Frank was the former chief revenue officer of Batanga, a company acquired by Univision that became a leading multicultural digital platform in the world.

Chris Foster is an experienced executive providing accounting and financial management services for both public and private companies across a range of industries. Foster is the former chief financial officer for Perpetua Resources, the former controller of Ivanhoe Group's Global Mining Management and Peregrine Diamonds. Foster served as the controller for Roca Mines and as an accountant at Canadian Forest Products. He is a member of the Chartered Professional Accountants (CPA) of Canada.

Brendan Purdy, JD, is a practicing securities lawyer focused on the resource, cannabis, and technology sectors. In his private practice, he has developed experience with respect to public companies, capital markets, mergers and acquisitions, and other facets fundamental to the natural resources, cannabis, and technology sectors. He is also the former CEO of Enforcer Gold (TSXV:VEIN), High Hampton Holdings (CSE:HC), and Tidal Royalty (CSE:TDRYF), and director of several public companies.

David Beck has over 20 years of experience in the public capital markets, leading TMT Investment Banking at three boutique investment dealers. Beck is a renowned technology financial analyst in both New York and Toronto. He has been leading, and investing in, many private technology companies over the last 25 years. He worked as a director for several public companies , including Quadron Cannatech (CSE:QCC), Pivot Technology Solutions (TSX:PTG), Basis100 (TSX:BAS), and CRS Robotics (TSX:ROB). David Beck holds a master's of business administration from Ivey Business School and a bachelor's of science with honours in engineering physics from Queen’s University.

As the chief revenue officer of DGTL Holding, Steven Brown oversees all business development initiatives for Engagement Labs, Hashoff LLC, and future potential subsidiaries of DGTL Holdings. He has over 30 years of experience in the sector, and joined DGTL Holdings with a track record of success in the digital media and marketing industry. Throughout his highly successful career, Brown has guided several high-performance business development teams for global industry powerhouse companies, such as United Online, IGN, Viacom, and CBS Radio. Previously, Brown served as chief revenue officer of ViewLift, a global streaming technologies company, and as senior vice president of platform sales and advertising solutions for NeuLion , a leading OTT technology company. Under his leadership, NeuLion experienced unprecedented customer growth, contributing to its sale to Endeavor in 2018 in a transaction valued at $250 million.

Bruce Lev is the current managing director of Loeb Holding and brings over 30 years of experience in global capital markets. Lev is the former vice chairman and director of USCO Logistics, since sold tor Kuhne & Nagel. He served as the former executive vice president of corporate and legal affairs at Micro Warehouse (NASDAQ:MWHS) and as a former director of the Roper Organization. Lev is a former vice chairman of AirDat and a former board member of Integral Systems (NASDAQ: ISYS), also serving as a former board member and audit committee chairman of VirtualScopics (NASDAQ: VSCP). Lev is on the board and member of multiple committees of Intersections (NASDAQ:INTX). He holds degrees from Wesleyan University in Middletown, Connecticut, and from the University of Virginia School of Law.

Four Brands from Two Global CPG Conglomerates Leverage Patented Data and Analytics PaaS for Analysis of Digital Advertising Sponsorships During Top Broadcasted Sporting Event in North America

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Engagement Labs has secured four new PaaS (Platform-as-a-Service) contracts from two global consumer packaged goods (CPG) conglomerates.

Included in these contracts is an NYSE listed CPG global conglomerate with a current market capital of US $300 billion (now a new client under DGTL management). The combined deals are valued at more than $180,000 and are focused on measuring the effectiveness of digital advertising and sports marketing sponsorships activated during the top broadcasted sporting event in North America.

These new TotalSocial® PaaS agreements include:

The CPG sector continues to be a strong market and area of growth for Engagement Labs and its flagship social intelligence and analytics platform, TotalSocial®.

"It's always exciting to partner with a major new Fortune 500 client and equally thrilling to grow our existing relationships with globally recognizable brands. Insightful TotalSocial® data in conjunction with our experience in evaluating major tentpole events allows Fortune 500 brands to analyze their sponsorship investments and discover what amplifies consumer messaging and sales acceleration. Engagement Labs is sought and commissioned to provide insights to marketing executives seeking to improve brand awareness and purchase intent in a highly nuanced and competitive marketplace. These new contracts from leading CPG clients underscores the value of TotalSocial®'s proprietary data analytics as global household brands continue to use TotalSocial® to validate on-going digital advertising and sporting event sponsorship," added Steven M. Brown, Chief Commercial Officer of DGTL Holdings Inc.

TotalSocial® is a robust social data analytics PaaS (Platform-as-a-Service) that specializes in analyzing, measuring and scoring the effectiveness of media spend. The TotalSocial® platform empowers brands to find new ways to connect more effectively with targeted consumers. To learn more visit https://www.engagementlabs.com.

Investor Relations Email: IR@dgtlinc.com Phone: +1 (877) 879-3485

DGTL Holdings Inc. DGTL Holdings Inc. is building a portfolio of digital media software subsidiaries. DGTL (i.e., Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a service) companies entering a rapid growth lifecycle stage within the sectors of social, mobile, gaming and streaming. DGTL's vision is to build a walled garden digital media conglomerate via M&A and a blend of unique capitalization structures. DGTL is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L".

For more information, visit: www.dgtlinc.com.

Engagement Labs As a wholly owned subsidiary, Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Their flagship TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for itsF500 level clients. Engagement Labs is expanding its products and service offerings to a full-service social media marketing content, analytics and distribution-based social management platform.

To learn more visit https://dgtlinc.com/social-media-analytics.

All funds in Canadian currency. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132593

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Three Leading Digital Media Brands Sign Inaugural Service Contracts with Flagship Data Analytics Platform, TotalSocial(R)

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company"), a digital media technologies company, is pleased to report that three high-profile brands in the media and technology sector have signed inaugural service contracts with its flagship PaaS (Platform-as-a-Service), TotalSocial®. These three new accounts provide sales revenue, added client diversification, and opportunities for long term growth by offering annual licensing contracts and access to a full-service suite of social media marketing solutions.

These new clients (and their TotalSocial® service agreements) include:

The digital media and technology sector continues to be a strong client category for DGTL, and its business lines, providing a solid foundation for long-term growth. Inaugural service agreements allow clients to activate and leverage TotalSocial®'s robust data analytics platform to inform, empower and validate sales and marketing strategies and remain agile in the ever-evolving landscape of digital media technology.

"It's an honor to work with global leaders in this category and to continue to be competitive and well-positioned for the advancing world of digital media and technology. These new key accounts recognize a depth of experience and a track record of success with other clients in the diversified global media entertainment and technology sector, all of which revolve around a range of content and audiences and screen formats. Our unique data, patented and award-winning methodologies is valued by our Fortune 500 clients," said Steven M. Brown, Chief Commercial Officer of DGTL Holdings Inc.

"We are thrilled and committed to partner with great brands to provide insightful data and analysis to their storytelling beyond genre, format, and platform. We are confident that these new accounts will convert into long term relationships. This has been a successful formula for growing the TotalSocial® client portfolio. Our clients recognize that our proprietary data on consumer conversations can have enormous impact on their brands in terms of sales, brand equity, and other KPIs. TotalSocial® data reveals hidden patterns, correlations, and other insights when considering prospective license deals," Brown added.

TotalSocial® is a robust social data analytics PaaS (Platform-as-a-Service) that specializes in analyzing, measuring and scoring the effectiveness of media spend for Fortune 500 level brands. The TotalSocial® platform empowers brands to find new ways to connect more effectively with targeted consumers. To learn more visit https://www.engagementlabs.com.

Investor Relations Email: IR@dgtlinc.com Phone: +1 (877) 879-3485

DGTL Holdings Inc. DGTL Holdings Inc. is building a portfolio of digital media software subsidiaries. DGTL (i.e., Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level digital media technology companies entering a rapid growth lifecycle stage within the sectors of social, mobile, gaming and streaming. DGTL's vision is to build a walled garden digital media conglomerate via M&A and a blend of unique capitalization structures. DGTL is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L".

For more information, visit: www.dgtlinc.com.

Engagement Labs As a wholly owned subsidiary, Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Their flagship TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its F500 level clients. Engagement Labs is expanding its products and service offerings to a full-service social media marketing content, analytics and distribution-based social management platform.

To learn more visit https://dgtlinc.com/social-media-analytics.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131313

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Annual Service Contract Extension Valued at $1M CAD Focused on Engagement Labs Premiere Data Analytics PaaS, TotalSocial®

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Engagement Labs Inc. ("Engagement Labs" or the "Subsidiary) has secured an annual multi-service contract with the global leader in premium audio storytelling (i.e. podcasts, audiobooks, etc.). This key account client is a subsidiary of a multinational technology leader that is Nasdaq listed with a market capital of US $1.1 trillion. The agreements includes four prolific new title launch studies and a one (1) year PaaS (Platform-as-a-Service) contract with a total value of nearly $1,000,000 (with options for contract renewal).

Engagement Labs has nurtured this long-term key account relationship from the proof-of-concept study level to this current seven figure renewable annual PaaS services agreement. This leading digital audio content provider is now leveraging the TotalSocial® platform's authority in delivering valuable data and analytics that empower, validate and inform the brand initiatives of Fortune 100 clients while support forecasting acquisition, sales and marketing goals to maintain a global leadership position.

This contract extension is an example of the continued diversification of Fortune 100 level clients under DGTL management which now includes gaming, over-the-top (OTT) companies, streaming, global news, digital and entertainment media brands, top CPG conglomerates and broadcast television channels. The contracts encompass various content campaigns and industry events through tracking and social engagement evaluations, and the use of the pervasive TotalSocial® platform for 'always on' analytics of this clients globally recognized brand (via both qualitative offline and quantitative online data analysis).

Chief Commercial Officer of DGTL Holdings Inc. Steven Brown reports that, "We are thrilled to extend our long-term relationship with this world-class client. The fact that one of the largest digital audio content brands in the world has chosen our proprietary data analytics processes speaks volumes about the power of the TotalSocial® platform. Media and entertainment are highly conversational spaces. In order to be successful in this environment it is vital to know how to cut through the noise and position and maintain cultural relevance by identifying and refining key topics and datasets that drive users to interact while inciting quality engagement. This seven-figure contract was earned through consistently providing high quality data and insights that empower our client's ability to innovate and develop their core programming while highlighting well-crafted storytelling, growing their user base, and maximizing retention and usage."

TotalSocial® is a robust social data analytics PaaS (platform-as-a-service) that specializes in analyzing, measuring and scoring the effectiveness of digital brand, media and marketing spend. The TotalSocial® platform empowers brands to find new ways to connect more effectively with targeted consumers. As DGTL's flagship, Engagement Labs plans to expand product and service offerings to provide full-service content, data analytics and distribution solutions in the social media marketing technologies category.

In closing, DGTL will be hosting a video webinar on Wednesday July 6th, 2022, which will include a CEO update on the Company and its current operations and future business interests. The participant details for this meeting are listed below. Availability is limited. Register in advance to secure participation.

DGTL CEO Update July 6th, 2022, 01:00 PM Eastern Time (US and Canada)

Register in advance for this meeting via the link below. https://zoom.us/meeting/register/tJYpdO2tpjkrE9SXqxzeWGtson8BaIOSH3LK

After registering, you will receive a confirmation email containing information about joining the meeting. For more information, please contact:

Investor Relations Email: IR@dgtlinc.com Phone: +1 (877) 879-3485

DGTL Holdings Inc. acquires and accelerates transformative digital media, marketing and advertising software and services companies. DGTL (i.e. Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a service) and PaaS (Platform-as-a-Service) companies entering a rapid growth stage within the sectors of social media, gaming, streaming, OTT and others. In doing so, DGTL is seeking to build full-service operating business lines in each sector complete with content, analytics and distribution solutions. DGTL is seeking new accretive M&A opportunities via a blend of unique capitalization structures. DGTL Holdings Inc. is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L".

For more information visit: www.dgtlinc.com.

As a wholly owned subsidiary of DGTL Holdings Inc., Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Engagement Labs' TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its diverse group of enterprise level clients. Engagement Labs Inc. will expand product and service offerings to include strategy, execution, measurement and distribution solutions to serve DGTL's Fortune 100 clients as a full-service social media platform. To learn more visit www.engagementlabs.com.

*All currencies in Canadian dollars, unless otherwise stated.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129935

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Restructure to Divest of an Estimated $5M in Liabilities and Annual Operating Expenses and to Reposition DGTL Holdings Inc. for Scalable Revenue Growth, Cashflow Positivity and Accretive M&A

The DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") board of directors reports that the Company has initiated a strategic restructuring of its wholly owned subsidiaries, Hashoff LLC ("Hashoff"") and Engagement Labs Inc. ("Engagement Labs"). The goal of restructuring its subsidiaries is to apply objective third-party financial analysis to current business operations to assess long term viability and to optimize organizational structures. The result of this initiative is an estimated divestiture of $5,000,402[i] in liabilities and operating expenses and a repositioning of the Company for scalable revenue growth, near-term cashflow positivity, and long-term shareholder equity.

On June 1, 2022, Hashoff LLC retained the services of Lindenwood Associates, a New York based strategic development and restructuring firm ("Lindenwood") to assess legal and financial viability as well as Klestadt Winters Jureller Southard & Stevens, LLP ("KWJSS") to provide legal services to Hashoff LLC in connection therewith. The Hashoff LLC restructuring team has completed a thorough and objective viability assessment. After presenting their report, and reviewing the facts, the board voted unanimously to accept the recommendations of Lindenwood to commence a formal orderly wind down and subsequent dissolution of Hashoff LLC in accordance with Section 18-801 of the Delaware Limited Liability Company Act.

The result of the Hashoff LLC wind down is the divestiture of an estimated $1,939,053 in accounts payable and accrued expenses and $572,849 in contingent liabilities from the DGTL Holdings Inc. consolidated balance sheet.[ii] As the initial step towards this financial restructuring project, both of DGTL's wholly owned subsidiaries have been approved for PPP (Paycheck Protection Program) loan forgiveness. PPP loan forgiveness applications were processed by the SBA (Small Business Association) a US federal administration agency that administers small business relief loans (as authorized by s.1106 of the federal CARES Act). Hashoff LLC had $177,000 in PPP loans forgiven and Engagement Labs had $420,000 in loans forgiven totalling $597,000 in interest bearing loans removed from the DGTL Holdings balance sheet.

In addition, by identifying and implementing numerous cost savings and efficiency measures, the new DGTL executive team has produced a 50% reduction in annual operating expenses for Engagement Labs Inc. The financial restructure of Engagement Labs provides a viable entity which will now serve as DGTL's flagship social media subsidiary, with multiple operating business lines. In doing so, Engagement Labs Inc. will expand product and service offerings to include strategy, execution, measurement and distribution solutions to serve DGTL's Fortune 100 clients as a full-service social media PaaS (Platform-as-a-Service).

Therefore, within the first 120 days under the leadership of the new DGTL executive team, the Company has proactively divested over $3,234,743 in current and non-current liabilities and an additional $1,891,500 in annual operating expenses[iii] totalling an estimated first year reduction of $5,000,402 in long term debt and on-going operating expenses. When accounting for the longer-term impact of the significant reduction in annual operating expenses, a continuance of the previous cost structure would continue to increase this total estimate with every future year of on-going operations. Financial improvements will begin to be reflected within the Q1 2023 financial statements (October 30, 2022), and subsequent filings, thereafter.

In summary, the new DGTL executive team is dedicated to restoring fiscal responsibility, accountability and sound corporate governance in order to maximize long term value of shareholder equity. Reducing liabilities and post-restructure operating expenses by an estimated $5,000,402 is a major material improvement to the consolidated financial position of the Company. Moving forward, DGTL is now positioned for scalable revenue growth and accretive M&A with a stronger corporate structure and a viable financial position.

In closing, DGTL will be hosting a video webinar on Wednesday July 6th, 2022, which will include a CEO update on the Company and its current operations and future business interests. The participant details for this meeting are listed below. Availability is limited. Register in advance to secure participation.

DGTL CEO Update July 6th, 2022, 01:00 PM Eastern Time (US and Canada)

Register in advance for this meeting via the link below. https://zoom.us/meeting/register/tJYpdO2tpjkrE9SXqxzeWGtson8BaIOSH3LK

After registering, you will receive a confirmation email containing information about joining the meeting.

For more information, please contact:

DGTL Holdings Inc. John David A. Belfontaine Chief Executive Officer, Chairman

Email: IR@dgtlinc.com Phone: +1 (877) 879-3485

DGTL Holdings Inc. acquires and accelerates transformative digital media, marketing and advertising software and services companies. DGTL (i.e. Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a service) and PaaS (Platform-as-a-Service) companies entering a rapid growth stage within the sectors of social media, gaming, streaming, OTT and others. In doing so, DGTL is seeking to build full-service operating business lines in each sector complete with content, analytics and distribution solutions. DGTL is seeking new accretive M&A opportunities via a blend of unique capitalization structures. DGTL Holdings Inc. is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L". DGTL Holdings Inc. has 44,549,265 common shares issued and outstanding, as of the date of this release. For more information visit: www.dgtlinc.com.

As a wholly owned subsidiary of DGTL Holdings Inc., Engagement Labs is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies. Engagement Labs' TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its diverse group of enterprise level clients. Engagement Labs Inc. will expand product and service offerings to include strategy, execution, measurement and distribution solutions to serve DGTL's Fortune 100 clients as a full-service social media PaaS (Platform-as-a-Service).

To learn more visit www.engagementlabs.com.

Lindenwood Associates is an experienced strategic development and restructuring firm. Lindenwood is led by corporate turnaround and restructuring specialists with progressive expertise leading and managing distressed companies, delivering results in crisis situations, divestitures, and a wide range of corporate development initiatives. Lindenwood leads companies through complex challenges spanning a diverse range of industries to achieve improved strength, value, and growth.

For more information visit https://www.lindenwoodassociates.com.

Klestadt Winters Jureller Southard & Stevens (KWJS&S), LLP is a boutique commercial law firm dedicated to providing superior legal services. The firm specializes in the primary areas of practice Corporate Reorganization and Restructuring, Commercial Litigation, Transactions & Finance.

For more information, please visit https://klestadt.com.

This news release contains certain statements that constitute forward-looking statements as they relate to DGTL and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are accurate, there can be no assurance that they will prove to be correct. By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, DGTL will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, DGTL assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to the impact of all intangible and variable economic and legal risks that at this time are immeasurable and impossible to define.

[i] All currencies in Canadian dollars and foreign exchange rates applied as of the date of this release. [ii] Hashoff LLC Current and non-current liabilities based on the Q3 2022 financials filed April 29, 2022, now available at SEDAR.com [iii] Due to the reduction in senior executive, employment and consulting wages from the board downsizing of management personnel

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129799

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Campaign Extension to Build Awareness of New Online Sports Betting Regulations, Now Live Across the Province of Ontario, Canada

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Hashoff LLC has launched a new social media content marketing campaign with a Nasdaq listed e-sports gaming client. The campaign is focused on promoting brand awareness and new user registration on its client's software platform now that allows online sports betting across the Province of Ontario, Canada.

This latest social media content campaign comes from Hashoff's largest key account, a Nasdaq listed leader in the e-sports and gaming sector with a current market capital in-excess of $30 Billion. Hashoff's top producing client is a global leader in online software services that allows users to place bets on fantasy sports contests within the top major sports leagues around the world (e.g., MLB, NHL, NFL, NBA, PGA, UEFA, UFC, etc.). Hashoff's freelance content publishers will target new users via marketing on Instagram, Tik Tok and Twitter. Strategic content will focus on the new online sports betting regulations within the province of Ontario, Canada. This new business is an extension of the successful campaigns that Hashoff ran for this key account in New York, and Illinois, USA, earlier this year.

The contract extension comes to DGTL and Hashoff as new regulations became legal and live in Ontario in the first quarter of calendar 2022. The terms of the contract require Hashoff to source, secure and brief top ranked micro-influencers in market in order to build new brand awareness and to drive new active users to the client's key online properties.

This latest social content marketing campaign is evidence of Hashoff's expanding global business and the continued growth of this key account. This campaign reaffirms DGTL's commitment to diversifying Hashoff's active client mix as a long-term business development strategy.

DGTL Holdings Inc DGTL Holdings Inc. acquires and accelerates transformative fully commercialized enterprise level SaaS (software-as-a service) companies entering a rapid growth stage. DGTL is focused on acquiring digital media software within the sectors of social, mobile, gaming and A/V streaming, via a blend of unique capitalization structures. DGTL is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the FSE as "A2QB0L". For more information, visit: www.dgtlinc.com.

Hashoff LLC A wholly owned subsidiary of DGTL, Hashoff is an enterprise level CaaS (content-as-a-service) and social media influencer marketing agency. Hashoff's platform functions as a full-service content management system, designed to empower global brands by identifying, optimizing, engaging, managing, and tracking top-ranked digital content publishers for localized brand marketing campaigns. Hashoff's customer portfolio includes global brands in a range of sector categories, including DraftKings, Anheuser Busch-InBev, PepsiCo, Currency.com, etc. To learn more visit https://dgtlinc.com/technology.

Engagement Labs A wholly owned subsidiary of DGTL, Engagement Labs is an industry-leading data and analytics technology that provides social intelligence for Fortune 500 brands and companies. Engagement Labs' TotalSocial® platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its diverse group of Fortune 100 level clients. To learn more visit https://dgtlinc.com/technology.

Investor Relations Email: IR@dgtlinc.com Phone: +1 (877) 879-3485

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124350

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Naturally Splendid Enterprises Ltd.("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce that Sysco Canada has now listed the Company's PlanteinTM products nationally

Sysco is listing five (5) PlanteinTM plant-based entrees across Canada in multiple Sysco Distribution outlets. PlanteinTM products listed nationally at Sysco are PlanteinTM Nuggets; Crumbed Tenders; Sweet Chili Tenders; Garlic Kiev; and Crispy Burger. As a global leader in selling, marketing, and distributing food products, Sysco services restaurants, healthcare, educational facilities, lodging establishments and as well as a host of other customers around the world. Sysco Canada operates 16 Distribution Centres across Canada with an estimated 450 sales representatives servicing clients coast to coast.

This national listing is a direct result of Sysco's comprehensive due diligence process. PlanteinTM products will be available to all Sysco customers, including restaurants, healthcare facilities, schools, universities, hotels, lodging establishments, and other food service operators. Being strategically listed nationally allows Sysco customers from coast to coast the ability to order PlanteinTM without delay.

"We are extremely pleased that our PlanteinTM products have been approved by Sysco for national distribution," said Naturally Splendid CEO Mr. Craig Goodwin. "Sysco is a world-class organization with an incredible reach across Canada and North America. We believe our PlanteinTMproducts have a very bright future in food service and are confident PlanteinTM will be well-received by Sysco's customers. This national listing allows us to expand PlanteinTM to a wider audience of potential customers and expand our reach into new markets."

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a plant-based food manufacturing and technology company that produces and distributes nutritious and delicious plant-based commodity products.

Founded in 2010, the Company operates a certified food manufacturing facility located just outside Vancouver, BC in Canada, focusing on producing an extensive range of plant-based entrees. Naturally Splendid has an exclusive 10-year manufacturing and distribution agreement for Canada with a division of Australia's largest plant-based food manufacturer, Flexitarian Foods Pty. Ltd.

In addition to producing the Company's own branded products, Naturally Splendid provides contract manufacturing services and private labelling for a variety of nutritional plant-based food products destined for multiple distribution channels.

The Company has established healthy, functional foods under brands such as Natera Sport, Natera Hemp Foods, CHII™, Elevate Me™ and Woods Wild Bar™. The Company launched PlanteinTM Plant-Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.

Naturally Splendid has reached an agreement with Biologic to terminate the agreement with Plasm Pharmaceutical and is negotiating a compensation package for work done to date pursuing a potential treatment for Covid with the target drug Cavaltinib.

NSE has also developed proprietary technologies for the extraction of healthy omega 3 and 6 oils, as well as a protein concentrate from hemp.

On Behalf of the Board of Directors

Mr. J. Craig Goodwin President, Director

Naturally Splendid Enterprises Ltd. (NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt) #108-19100 Airport Way Pitt Meadows, BC, V3Y 0E2 Office: (604) 570-0902 E-mail: info@naturallysplendid.com Website: www.naturallysplendid.com

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; customers will complete on sales contracts; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE:Naturally Splendid Enterprises Ltd.

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Bloom Health Partners Inc. (CSE: BLMH) (OTCQB: BLMHF) (FSE: D840) ("Bloom" or the "Company"), a leading provider of operational health and health technology, announces unaudited Fiscal Q2 2022 revenues of CAD $8.4M for the three months ended June 30th, 2022, bringing year-to-date revenues to CAD $24.9M for the first three quarters of Fiscal 2022.

Full results available at www.sedar.com.

"We're thrilled to announce our third quarter results," said Andrew Morton, CEO of Bloom. "Our Fiscal Q3 2022 revenue of CAD $8.4M and aggregate CAD $24.9M year to date has resulted in us all but reaching our revenue guidance for FY 2022 in three quarters. We're proud of our team's performance so far this year as we continue to transition Bloom into an innovative provider of employer health-tech solutions and services. Our end-to-end platform strategy of clinical, labs and data in workplace health is well received by clients, partners and investors."

(1) This is a non-IFRS measure. Refer to the section "Non-IFRS Financial Measures" for information on the calculation of this non-IFRS measures. (2) Refer to the section "Disclosure on Financial Guidance" for additional information.

We believe that providing certain non-IFRS financial measures provide users with important information regarding the operational performance of our business. The non-IFRS financial measures used by management do not have any standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Accordingly, these measures should not be considered as a substitute or alternative for IFRS measures as determined in accordance with IFRS. By considering these measures in combination with the comparable IFRS financial measures, we believe that users are provided a better overall understanding of our business and financial performance during the relevant period than if they considered the IFRS financial measures alone.

EBITDA is defined as earnings before interest, income taxes, depreciation, and amortization and is utilized by management to assess and evaluate the financial performance of its operations. Management believes that EBITDA improves comparability between periods by eliminating the impact of interest, income taxes, depreciation, and amortization.

Adjusted EBITDA excludes items that are not considered to be indicative of operational and financial trends either by nature or amount to provide a better overall understanding of the Company's underlying business performance. The most directly comparable GAAP measure to EBITDA and Adjusted EBITDA is net income before tax, calculated as follows:

The most directly comparable GAAP measure to EBITDA is net income before tax, calculated as follows:

Anticipated revenue figures and EBITDA are based on modelling and estimates developed by management and updated as of June 30, 2022. These estimates are based on our Fiscal Year 2021 results and year-to-date 2022 results, including market size, and assume only ongoing business, as well as marginal growth in fixed costs through Fiscal Year 2022. Readers are cautioned that actual results could differ materially from these estimates based on increases in operating costs, failure to maintain regulatory licensing, inability to execute on existing contracts with schools in Texas, failure to attract and retain qualified employees, or a reduction in customer demand.

About Bloom Health Partners Inc.

Bloom Health Partners Inc. (CSE: BLMH) (OTCQB: BLMHF) (FSE: D840) is a global platform for healthcare security, diagnostic testing and occupational health-tech. Our mission is to ensure that "unstoppable is possible" for businesses and their employees through innovative, customized healthcare models. Bloom offers a system for businesses and organizations that helps engage employees and creates strategies to manage health and safety. Our stable, scalable system is an integrated health-tech platform that securely manages data while delivering comprehensive workplace health and safety outcomes.

For more information: investors@bloomhealthpartners.com

On behalf of the board of directors,

Andrew Morton, Chief Executive Officer

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in the Company's forward-looking statements include the potential that milestones may not be satisfied, acquisitions may not achieve expected benefits, financing requirements, and the other risk factors described in the Company's filings with Canadian securities regulators on www.sedar.com. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135425

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~Greenlane adds new Chief Operating Officer while also elevating existing executives~

Greenlane Renewables Inc. ("Greenlane") (TSX: GRN) (FSE: 52G) is pleased to announce that Alex Chassels has joined Greenlane in the newly created role of Chief Operating Officer. Additionally, the Company is announcing the promotions of Maura Lendon to Chief Legal Officer and Sandra Keyton to Chief Human Resources Officer.

Alex Chassels brings over 25 years of experience and a track record of executive leadership in business transformation and operations optimization in growth-oriented technology companies with innovative products and complex global supply chains. Through growing positions of responsibility and leadership with Creo, Kodak, and Alpha Technologies (an Enersys Company) he has developed a clear team-based approach to delivering the highest levels of customer satisfaction. Alex holds a BA in Philosophy (Magna Cum Laude) and Chemistry from the University of Arizona .

"The extraordinary growth in our business and strength of our balance sheet is presenting us with many new opportunities, and as a result we are rapidly building the Company, adding talented new team members and accelerating systemic and process enhancements," said Brad Douville , Chief Executive Officer. "I am excited to announce the expansion of our senior management team and the appointment of Alex Chassels as Chief Operating Officer. Alex will help us scale, transform and optimize our operations as we build on our strong reputation in the sector and further invest in the business to continue building Greenlane into a leading global biogas upgrading system provider."

"From our existing management team, I am also honored to announce the promotions of Maura Lendon to Chief Legal Officer and Sandra Keyton to Chief Human Resources Officer," added Douville. "Both Maura and Sandra have demonstrated solid leadership and made significant contributions during our recent phase of growth and will both play important roles going forward as we expect to continue building Greenlane's business and presence in the global RNG market."

Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas (" RNG ") industry. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, wastewater treatment plants, dairy farms, and food waste streams. To the company's knowledge, Greenlane is the only biogas upgrading company offering the three main technologies: waterwash, pressure swing adsorption, and membrane separation. Greenlane's business has been built on over 30 years of industry experience, patented and proprietary technology, over 100 hydrogen sulfide treatment systems sold, and over 135 biogas upgrading systems sold into 19 countries, including some of the largest RNG production facilities in the world. For further information, please visit www.greenlanerenewables. com .

FORWARD LOOKING INFORMATION – This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as "may", "is expected", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "can", "may" or "will" happen. In particular, this news release contains forward looking information relating the role and impact of the expanded senior management team on the transformation and optimization of the Company's business as well as the Company's presence in the global RNG market. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including management's perceptions of future growth and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, that the expanded senior management team does not deliver the transformation and optimization of the Company's business or impact the Company's presence in the global RNG market as anticipated and risks identified in the Company's annual information form and in other documents filed with Canadian securities regulatory authorities on the Company's SEDAR profile at www.sedar.com . Readers are cautioned not to put undue reliance on forward-looking information. Actual results may differ materially from those anticipated. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/31/c8726.html

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This release acts as a correction for the release posted on 8/29/2022 at 10:30 PM EDT from Naturally Splendid Enterprises Ltd. announcing its second quarter results for 2022 due to an error in comments stated

Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N)(TSXV:NSP)(OTC PINK:NSPDF) announces its unaudited financial results for the six months ended June 30, 2022. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards

Naturally Splendid CFO Mr. George Ragogna states, "We apologize for an error in the comments overview of our Financial results. The first sentence below referenced our Administrative expenses for the six months ending June 30, 2022, and for the comparative period. We regret any confusion and have corrected the first sentence in the statement below to reflect the net loss and comprehensive loss."

Naturally Splendid recorded a net loss and comprehensive loss of $1,714,438 for the six months ended June 30, 2022, compared to a net loss of $1,750,988 during the six months ended June 30, 2021. Gross profit margins decreased by 2.6% of sales in the six months ended June 30, 2021, compared to the six months ended June 30, 2021. The Company's sales decreased by approximately $312,000 from the comparative period. During the six-month period ending June 30, 2022, selling and distribution expenses decreased by approximately $16,500, largely due to facility costs.

Administrative expenses for the six months ended June 30, 2022, decreased in 2022 compared to 2021 by $87,500.The decrease was primarily due to management & consulting fees, bank charges and legal fees.

Naturally Splendid recorded sales of $157,314 during the six months ended June 30, 2022, compared to $470,039 for the six months ended June 30, 2021. During the six months ended June 30, 2022, the Company's sales decreased by approximately $313,000 from the comparative period. The Company had decreased sales in its private-label bars and bites business by approximately $85,000. Branded hemp products decreased by approximately $170,200 and its Natera Sport products decreased by approximately $73,000. Sales in new Plant-based products decreased by approximately $4,300.

The Cost of Sales during the six months ended June 30, 2022, was $136,186 compared to $394,812 in 2021. The Company's sales were from its new line of plant-based entrees, which maintain a higher gross margin. The Company continues to focus on its higher-margin products and new commercial opportunities with its plant-based entrees.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a plant-based food manufacturing and technology company that produces and distributes nutritious and delicious plant-based commodity products. Founded in 2010, the Company operates a certified food manufacturing facility located just outside Vancouver, BC in Canada, focusing on producing an extensive range of plant-based entrees. Naturally Splendid has an exclusive 10-year manufacturing and distribution agreement for Canada with a division of Australia's largest plant-based food manufacturer, Flexitarian Foods Pty. Ltd.

In addition to producing the Company's own branded products, Naturally Splendid provides contract manufacturing services and private labelling for a variety of nutritional plant-based food products destined for multiple distribution channels. The Company launched PlanteinTM, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.

Naturally Splendid maintains a relationship Plasm Pharmaceutical, a company that has been approved for conducting a phase 2 clinical trial approved by Health Canada for the treatment of COVID-19.

NSE has also developed proprietary technologies for the extraction of healthy omega 3 and 6 oils, as well as a protein concentrate from hemp. For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-570-0902 x 103

On Behalf of the Board of Directors

Mr. J. Craig Goodwin CEO, Director

Naturally Splendid Enterprises Ltd. (NSP - TSX Venture; NSPDF - OTCQB; 50N - Frankfurt) #108-19100 Airport Way Pitt Meadows, BC, V3Y 0E2 Office: (604) 570-0902 E-mail : info@naturallysplendid.com Website: www.naturallysplendid.com

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Naturally Splendid Enterprises Ltd.

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Naturally Splendid Enterprises Ltd.("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP) (OTC PINK:NSPDF) announces its unaudited financial results for the six months ended June 30, 2022. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards

Naturally Splendid CFO Mr. George Ragogna stated, "We are continuing to implement our plan focused on our plant-based opportunities, most notably PlanteinTM Plant-Based Foods. With most Covid restrictions now removed, we have been able to meet clients face to face at several trade shows after a multi-year hiatus, to promote the launch of our PlanteinTM retail line while developing national distribution and sales relationships. Responses from the trade shows have been overwhelmingly positive, resulting in multiple new accounts as well as building the foundation for many new business opportunities. The plant-based market is maturing, and consumers are demanding higher quality products, most notably beginning with taste. Feedback from these recent tradeshows has confirmed we have amongst the best tasting plant-based products available in the Canadian market, and demand for our PlanteinTM line continues to gain traction."

Strategic Focus on Manufacturing Plantein Plant-Based Foods

After careful consideration and discussions, the Naturally Splendid Enterprises management team, with support from the Board of Directors, has made a number of strategic decisions with the objective to prioritize the exclusive Canadian manufacturing and distribution opportunity of PlanteinTM Plant-Based Foods with Flexitarian Foods Pty. Ltd.

Since Naturally Splendid has partnered with Flexitarian Foods in an exclusive 10-year year manufacturing and distribution agreement for PlanteinTM for the Canadian market. The Company has also negotiated exclusive rights to the Plantein trademark for the same period. These exclusive agreements also have a 10-year renewal clause.

Outlook of the Plant-Based Market Opportunity

Today the retail market for plant-based foods is worth USD $10.9 billion with an expected Compound Annual Growth Rate (CAGR) of 12.2% (2022-2032). Furthermore, The National Research of Canada estimates that the protein demand will double to 943.5 million metric tons in 2054, and the opportunity for plant-based food is significant.

There are several reasons for the growing popularity of plant-based foods. The environmental sustainability of plant-based foods is a key factor as animal agriculture is a major contributor to greenhouse gas emissions, water consumption and deforestation. The UN reports that drought frequency and duration have increased by nearly a third globally since 2000. Plant-based foods require far less land and water than animal agriculture, generating fewer emissions.

Health concerns are another major factor driving the growth of the plant-based sector. Consumers are increasingly aware of the link between a plant-based diet and the reduction of chronic diseases such as heart disease, diabetes, and cancer.

Animal farming is also a key consideration for many people, as the factory farming of animals has come under increased scrutiny in recent years. Factory farming accounts for 37% of methane (CH4) emissions, which has more than 20 times the global warming potential of CO2. Plant-based agriculture uses an estimated 10% of the water required for animal farming and is far less damaging to the environment, driving even more environmentally concerned consumers to pursue a plant-based diet.

As the market for plant-based foods continues to grow, there is a tremendous opportunity for companies to provide products that meet consumer demand. Those that can supply healthy, sustainable, and delicious plant-based foods will be well-positioned to succeed in the coming years. Strategic Decisions Existing Operations

While focusing our resources on the PlanteinTM opportunity, all divisions, products and projects were reviewed thoroughly. The decisions on moving forward range from altering existing programs to suspending or eliminating certain projects and/or activities.

Bar manufacturing business including Elevate MeTM, NATERA, Woods WildTM, and contract manufacturing, are suspended while the facility undergoes expansion for the manufacturing of PlanteinTM plant-based products. Further plans are being developed and may include liquidating bars and bites assets or pursuing joint ventures or other business arrangements to manufacture and distribute bars and bites.

Prosnack Natural Foods will only focus on manufacturing PlanteinTM plant-based products under the Plantein brand, as well as for Private Label and Contract Manufacturing clients.

The Company has identified three (3) separate yet complimentary revenue streams generated from plant-based manufacturing:

PlanteinTM Brand - the Company will seek to list PlanteinTM branded products in both retail and foodservice outlets.

Private Label - the Company has access to over thirty (30) plant-based entrees created by Flexitarian Foods that will create significant private label opportunities.

Contract Manufacturing - In certain circumstances, Prosnack will manufacture for strategically selected contract manufacturing clients, producing their plant-based products in our facility.

The majority of the manufacturing equipment has been ordered, and various equipment has already arrived at our Pitt Meadows facility. We are experiencing delays in receiving certain manufacturing equipment due to supply challenges and ongoing logistics from Covid. During this time, the Company will continue to receive our plant-based inventories from Flexitarian Foods while we continue to work on completing our manufacturing lines at our own facility.

The Company will continue to progress with its Safe Quality Food (SQF) certification program, which will be completed upon the final commissioning of the new manufacturing lines. Although the facility was previously certified SQF2, the new plant-based production lines require an updated SQF plan to be developed and implemented.

We have also already sourced many of the ingredients required for manufacturing from Canadian suppliers. These ingredients have been evaluated with the oversight of Flexitarian Foods to confirm we are producing a product that replicates the flavour and texture profiles of the original recipes.

Sourcing ingredients locally is not only environmentally more sustainable but there are also significant savings associated with securing Canadian suppliers that directly contribute to bottom-line figures. The Company will see an almost immediate return by way of reducing production costs and improved inventory control, resulting in an anticipated increase in margins.

Naturally Splendid will no longer defend the NATERA brand name since we have secured the PlanteinTM trademark for Canada for our main priority, plant-based entrees. The Company is permitted to use the NATERA brand for certain bars and bites but will no longer seek the registered trademark.

Plasm Pharmaceutical Naturally Splendid has reached an agreement with Biologic to terminate the contract with Plasm Pharmaceutical and are negotiating a compensation package for all work done thus far for pursuing a potential treatment for Covid with the target drug Cavaltinib.

CHII Naturally Pure Hemp Operations remain as is focusing on online sales and bulk exports of hemp.

Pawsitive FX For the time being operations remain as is focusing on online sales of pet topicals. A further review will look to potentially sell this brand or consider other partnership-type scenarios.

Naturally Splendid recorded a net loss and comprehensive loss of $1,316,236 for the six months ended June 30, 2022, compared to a net loss of $1,403,685 during the six months ended June 30, 2021. Gross profit margins decreased by 2.6% of sales in the six months ended June 30, 2021, compared to the six months ended June 30, 2021. The Company's sales decreased by approximately $312,000 from the comparative period. During the six-month period ending June 30, 2022, selling and distribution expenses decreased by approximately $16,500, largely due to facility costs.

Administrative expenses for the six months ended June 30, 2022, decreased in 2022 compared to 2021 by $87,500. The decrease was primarily due to management & consulting fees, bank charges and legal fees.

Naturally Splendid recorded sales of $157,314 during the six months ended June 30, 2022, compared to $470,039 for the six months ended June 30, 2021. During the six months ended June 30, 2022, the Company's sales decreased by approximately $313,000 from the comparative period. The Company had decreased sales in its private-label bars and bites business by approximately $85,000. Branded hemp products decreased by approximately $170,200 and its Natera Sport products decreased by approximately $73,000. Sales in new Plant-based products decreased by approximately $4,300.

The Cost of Sales during the six months ended June 30, 2022, was $136,186 compared to $394,812 in 2021. The Company's sales were from its new line of plant-based entrees, which maintain a higher gross margin. The Company continues to focus on its higher-margin products and new commercial opportunities with its plant-based entrees.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a plant-based food manufacturing and technology company that produces and distributes nutritious and delicious plant-based commodity products. Founded in 2010, the Company operates a certified food manufacturing facility located just outside Vancouver, BC in Canada, focusing on producing an extensive range of plant-based entrees. Naturally Splendid has an exclusive 10-year manufacturing and distribution agreement for Canada with a division of Australia's largest plant-based food manufacturer, Flexitarian Foods Pty. Ltd.

In addition to producing the Company's own branded products, Naturally Splendid provides contract manufacturing services and private labelling for a variety of nutritional plant-based food products destined for multiple distribution channels. The Company launched PlanteinTM, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.

Naturally Splendid maintains a relationship Plasm Pharmaceutical, a company that has been approved for conducting a phase 2 clinical trial approved by Health Canada for the treatment of COVID-19.

NSE has also developed proprietary technologies for the extraction of healthy omega 3 and 6 oils, as well as a protein concentrate from hemp. For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-570-0902 x 103

On Behalf of the Board of Directors

Mr. J. Craig Goodwin CEO, Director

Naturally Splendid Enterprises Ltd. (NSP - TSX Venture; NSPDF - OTCQB; 50N - Frankfurt) #108-19100 Airport Way Pitt Meadows, BC, V3Y 0E2 Office: (604) 570-0902 E-mail : info@naturallysplendid.com Website: www.naturallysplendid.com

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Naturally Splendid Enterprises Ltd.

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KWESST Micro Systems Inc. (TSXV: KWE) ("KWESST" or "the Company") today announced that it has closed two non-secured loans in the amount of USD$200,000 per loan with a third-party lender ("Lender") for an aggregate amount of USD$400,000 (the "Loans").

The Loans bear interest at a rate of 6.0% per annum, compounded monthly and not in advance, and have a maturity of twelve months, with the Company having the option to repay the whole or any part of the Loans, without penalty or premium, at any time prior to the close of business on the maturity date. On repayment of the Loans, KWESST shall pay 110% of the principal amount plus accrued interest on the Loan. As part of the terms of one of the Loans, KWESST issued an aggregate of 296,754 common shares to the Lender (the "Bonus Shares"), being an amount equal to twenty percent (20%) of USD$200,000, converted to CAD$ at an exchange rate of $1.2983, divided by the market price of the Company's common shares on the TSX Venture Exchange (the "Exchange") at market close on August 24, 2022, being CAD$0.175. The Bonus Shares were issued in accordance with applicable prospectus exemptions under Canadian securities laws.

Concurrently with the closing of the Loans, KWESST's Executive Chairman and its President and Chief Executive Officer (the "KWESST Principals") entered into call option agreements with the Lender whereby the Lender will have the option, pursuant to the terms and conditions of the call option agreements, to purchase 741,345 common shares held by the KWESST Principals at a price of CAD$0.175 for a period of five years. Additional free-trading common shares may be offered by the KWESST Principals to the Lender should KWESST elect to proceed with a share-for-debt transaction in connection with one of the Loans. KWESST is not a party to the call option agreements.

In connection with the Loans, KWESST agreed to pay a cash fee to ThinkEquity, a US based investment bank, and for certain of its expenses, in an aggregate amount of USD$37,000.

The securities issued in connection with the Loans are subject to a regulatory four-month and one day hold period expiring on December 26, 2022. The Loans remain subject to the final approval of the Exchange.

About KWESST KWESST (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) commercializes breakthrough next-generation tactical systems for military and security forces and personal defense. The company's current portfolio of unique proprietary offerings includes non-lethal systems (PARA OPSTM and ARWENTM) with application across all segments of the non-lethal market, including law enforcement and personal defence. KWESST also facilitates digitization of tactical forces with its signature TASCS system for real-time awareness and targeting information from any source (including drones) streamed directly to users' smart devices and indirect fire weapons. Other KWESST products include countermeasures against threats such as drones, lasers and electronic detection. These include: the PhantomTM electronic battlefield deception system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations that deceive and confuse adversaries; a Battlefield Laser Detection System to counter the emerging threat of laser targeting of personnel; and, a non-kinetic system to counter the threat of tactical drones. These systems can operate stand-alone or integrate seamlessly with third-party OEM products and networked battlefield management systems such as ATAK. The Company is headquartered in Ottawa, Canada, with operations in Stafford, VA and representative offices in London, UK and Abu Dhabi, UAE.

For more information, please visit https://kwesst.com/.

Contact: Steve Archambault, CFO, archambault@kwesst.com or (613) 317-3941 Jason Frame, Investor Relations: frame@kwesst.com

Investor Contact: Dave Gentry, CEO RedChip Companies 1-800 RED-CHIP (733-2447) 407-491-4499 KWEMF@redchip.com

Press Contact: Angela Trostle Gorman angela@AMWPR.com 1-917-348-0083

Cautionary Note Regarding Forward-Looking Statements Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135213

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