LANGLEY, BC / APRIL 23, 2021

PHYTO EXTRACTIONS™ ANNOUNCES PROPOSED WARRANT AMENDMENT

Phyto Extractions Inc. (formerly Adastra Labs Holdings Ltd.), subject to approval from the Canadian Securities Exchange, intends to amend the terms of all 1,964,151 warrants that were issued by the company in connection with its non-brokered private placement, which closed on Dec. 19, 2019, to make the warrants transferable subject to compliance with applicable securities laws. Currently, the warrants are non-transferable. The warrants have an exercise price of $1.80 and expire on Dec. 19, 2021. The number of warrants and the exercise price thereof have been adjusted to reflect the recent share consolidation of the company that was effective on April 9, 2021, on the basis of one postconsolidated share for every three preconsolidation shares.

About Phyto Extractions Inc.

Phyto Extractions is an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, B.C., at its co-located Health Canada licensed standard processing (extraction and products, no cultivation), sales (extracts, topicals and edibles), and research and development through Adastra Labs Inc., and analytical testing laboratory through Chemia Analytics Inc.

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