Benchmark Botanics Inc. announced the temporary layoff of three Peachland employees while the Company continues to have discussions with a group of current shareholders regarding securing long term financing. On August 23, 2021 the Company announced the layoff of three employees from its Peachland facility. The result of this layoff is that Peachland will temporarily cease all cultivation and harvesting activities, and seek to generate revenue by processing and selling cannabis purchased from other licensed cannabis producers. Restarting cultivation and harvesting activities in Peachland will be contingent, in part, on the Company obtaining the necessary financing to be able to fund the Peachland operations.