Juva Life Inc. announced that the Company has started construction on their upcoming Redwood City, CA retail location. The retail cannabis storefront is expected to open for business in First Quarter 2023 in Downtown Redwood City, California, at 2301 Broadway Street. Redwood City, California, has a retail cannabis program that was developed hand-in-hand with community support following the state's legalization of adult-use cannabis sales in 2018.

As previously announced on April 6, 2022, Juva was granted one of only four approvals within Redwood City, allowing storefront retail cannabis businesses in commercial and mixed-use zones. The process included a merit-based application to ensure high-quality retail cannabis business operators would be thoroughly reviewed and sufficiently qualified before receiving a permit. Juva Retail RWC Inc. was the highest-scoring applicant overall, being awarded a total of 1,876 points in Phase III, which, when combined with the Company's Phase II score of 1,196 points, equals 3,072 points for a total score of 96%.

Additionally, Juva Life continues its dual-pronged approach to its business, with the other side of operations consisting of pharmaceutical research and rigorous cannabis science to unlock the secrets behind the cannabis plant's anecdotal benefits. Juva continues discovery efforts to identify new compounds and advance JUVA-041 through industry standard pre-clinical inflammatory models and non-clinical tests enabling IND filing. Beyond its clinical research programs, Juva also recently relaunched its WIRB-approved JuLi Registry study with the goal of cultivating one of the larger data sets on the medicinal applications of cannabis use to exist to date.