TSXV – HVT

VANCOUVER, July 12, 2018 /CNW/ - Harvest One Cannabis Inc. (TSXV:HVT) ("Harvest One" or the "Company") is pleased to announce a Memorandum of Understanding ("MOU") between their wholly-owned subsidiary United Greeneries and the British Columbia Liquor Distribution Board ("BC LDB") for the supply of recreational cannabis.

The Company welcomes the MOU to supply their home province with the high-quality BC grown cannabis for which United Greeneries is known. The Company is currently in negotiations with other provincial distributors and private retailers across the country.

"We look forward to partnering with the BC LDB and this agreement is an important step in establishing Harvest One's house of brands in the newly created recreational market," said Grant Froese, CEO of Harvest One. "We are excited to bring our craft cannabis products to British Columbia's consumers and we look forward to delivering to our customers a premium cannabis experience."

The company, under its brands Royal High and Captain's Choice, brings to the market a high calibre of craft cannabis grown in British Columbia. Royal High is a premium full bud product hand-picked to deliver small batch cannabis with an unrivalled flavour and quality. Captain's Choice is a high-quality milled, blended product crafted to give the consumer the best possible taste for the best possible value.

About Harvest One Cannabis Inc. (TSXV: HVT)

Harvest One is a global cannabis company focused on delivering high quality, innovative cannabis products and technology to regulated markets around the world. Shareholders have significant exposure to the entire cannabis value chain through three wholly owned operating subsidiaries: horticultural arm and Canadian Licensed Producer United Greeneries Ltd., medical and pharmaceutical arm Satipharm AG in Switzerland and Dream Water Global, the Group's consumer goods division. For more information please visit: www.harvestone.com.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this press release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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

SOURCE Harvest One Cannabis Inc.

For further information: about Harvest One, please contact: Colin Clancy, Investor Relations, + 1 (877) 915-7934, [email protected]