Kiaro Holdings Corp. announce the opening of a new retail cannabis store during the month of January 2022. The new store is located at 1650 Pandosy Street in Kelowna, British Columbia and was opened to the public on December 31st 2021.

With the addition of the Kelowna Store, the Company's retail footprint grew to 16 retail locations under the Kiaro and Hemisphere banners across Canada, which accompanies its wholesale distribution business in Saskatchewan and multi-jurisdictional e-commerce business. The Kelowna Store is open on Sundays through Thursdays from 10:00 AM to 8:00 PM and on Fridays and Saturdays from 10:00 AM to 10:00 PM. The Company's management team expects the Kelowna Store to experience a high level of foot traffic over time, as it is situated amongst many restaurants, cafes, and other retail stores in the city.

Kiaro also believes that the Kelowna Store will help fuel the revitalization of downtown Kelowna, a historic area that is undergoing significant change due to the execution of both municipal projects and significant commercial developments.