Speakeasy Cannabis Club Ltd. announced it has signed a Processing Agreement with a Canadian Licensed Producer (the "LP") whereby the Company has agreed to supply to and process cannabis for the LP with value added products, including extracts, pre-rolls and packaged flower from indoor and outdoor facilities, for potential revenues and related costs of up to $10,000,000 and $2,600,000 respectively. Under the terms of the Agreement, the parties have identified a list of specified products which are considered to be exclusive products under the Agreement. The initial term of the Agreement is six (6) months with an option to extend for an additional six (6) month term upon mutual agreement of the parties. Creation of extracted products from outdoor flower have created interest in the market and have now translated into SpeakEasy's first large Processing Agreement. Concentrates, pre-rolls and flower as a finished product constitute the majority of the products being supplied. The Agreement is expected to increase in volume month over month for the 6 month term.