HYTN Innovations Inc. announced that, through its wholly owned subsidiary, HYTN Cannabis Inc., it has successfully developed and listed for sale its all-new Nano Gummies product. The Nano Gummies, which feature the Company's proprietary Elevation Technology, deliver a rapid and predictable cannabis experience and complement the Company's current offering of all-natural, sugar and sweetener-free sparkling cannabis beverages. Together, these products further HYTN's mission to produce consistent, natural and delicious cannabis products.

The Nano Gummies are manufactured at the Company's purpose-built Kelowna facility. The launch of HYTN's Nano Gummies product follows the news that HYTN has fully concluded its relationship with Emerald Health Therapeutics Inc. and intends to focus its efforts to bring its rapid onset cannabis products to the Canadian market utilizing the sales licence amendment to its Standard Processing Licence. It also follows the Company's financial results for the three months ended June 30, 2022, which reflect revenue pausing while the Company transitioned to selling products directly.

Adding to the launch of Nano Gummies and the Company taking full control over its sales and distribution channels, the Company further notes that its Nano Gummies represent an important innovation in elevating the cannabis experience for consumers. Jason Broome, HYTN Chief Operating Officer, states "until now, consumers of cannabis edibles typically experienced slow and widely variable effects. The company's Nano Gummies deliver cannabis in nano-encapsulated form, which, as confirmed by data have collected under Research Licence, appears to result in more milligrams of THC being absorbed faster, ultimately yielding a faster and more consistent cannabis experience, similar to that observed with beverages." The Nano Gummies have begun shipping in two flavours, Yuzu-Pear and Crabapple-Lemon flavours, with full national distribution expected by the start of First Quarter 2023.