Vibe Growth Corporation announced it has received provisional approval from the California Department of Cannabis Control to commence adult-use retail sales at its newest dispensary location in Salinas, California. Vibe received a provisional retail license from the DCC under its subsidiary, Vibe Salinas LLC, for adult- use sales at its dispensary located at El Camino Real, Salinas, CA. This new Vibe By California branded Salinas dispensary offers exceptional direct access and visibility on US Route 101, and will provide consumers with a wide selection of leading cannabis brands and products.

Vibe will offer the area's largest assortment of curated products featuring top-tier California brands and the Company's Hype Cannabis Co. marijuana product lineup. This retail license also provides the ability to deliver cannabis products directly to consumers throughout Monterey County and the Salinas Valley via Vibe By California's online ordering and same-day delivery service.

Vibe expects to increase gross margins at its Salinas location by stocking up to 20% of Vibe By California shelf space with Vibe branded products. The additional online delivery service will expand Vibe's overall market share. Vibe's management team continues to actively explore expansion opportunities as it looks to add new dispensaries to its portfolio to meet the growing demand for its Vibe By California and Hype Cannabis Co.

products. The new Vibe Salinas dispensary will join the Company's existing California locations in Sacramento, Stockton, Redding, Palm Springs, Ukiah, plus Portland, Oregon. Vibe is positioned to further execute upon its growth strategy of expanding its retail dispensary portfolio and scaling its cultivation business in California, and anticipates receiving approval for its Ukiah location in the first quarter of 2022.