Nova Cannabis : 52-109F2 Certification of Interim Filings CEO
November 18, 2021 at 12:23 pm EST
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FORM 52-109F2
CERTIFICATION OF INTERIM FILINGS
FULL CERTIFICATE
I, Darren Karasiuk, Chief Executive Officer of Nova Cannabis Inc., certify the following:
Review: I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Nova Cannabis Inc. (the "issuer") for the interim period ended September 30, 2021.
No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.
Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.
Responsibility: The issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as those terms are defined in National Instrument 52-109Certification of Disclosure in Issuers' Annual and Interim Filings, for the issuer.
Design: Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer's other certifying officer(s) and I have, as at the end of the period covered by the interim filings
designed DC&P, or caused it to be designed under our supervision, to provide reasonable assurance that
material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared; and
information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and
designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP.
Control framework: The control framework the issuer's other certifying officer(s) and I used to design the issuer's ICFR is the Internal control - Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the Treadway Commission.
ICFR - material weakness relating to design: N/A
Limitation on scope of design: N/A
6. Reporting changes in ICFR: The issuer has disclosed in its interim MD&A any change in the issuer's ICFR that occurred during the period beginning on July 1, 2021 and ended on September 30, 2021 that has materially affected, or is reasonably likely to materially affect, the issuer's ICFR.
Date: November 10, 2021
Signed "Darren Karasiuk"
Darren Karasiuk
Chief Executive Officer
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Nova Cannabis Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 17:22:11 UTC.
Nova Cannabis Inc. is a Canada-based cannabis retailer. The Companyâs principal activity is the operation of retail cannabis stores in Canada. It is focused on disrupting the cannabis retail market by offering a wide range of high-quality cannabis products. The Company operates under the brand name Value Buds and Firesale Cannabis for its cannabis retail locations in Alberta and Ontario, and under the brand name Sweet Tree Cannabis Co. for its retail location in Saskatchewan. The Company owns and/or operates approximately 92 locations across Alberta, Ontario, and Saskatchewan, primarily under its Value Buds banner. Its Value Buds banner offers discount prices on a wide selection of cannabis products from value to premium. Value Buds is a high-value recreational cannabis brand.