Cannabis Retailer Kiaro Initiates Analyst Reporting With Fundamental Research Corp.

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Kiaro Holdings Corp. (TSXV: KO) ("Kiaro" or the "Company"), a national omni-channel cannabis retailer and wholesale distributor, is pleased to announce that the Company has initiated analyst coverage with Fundamental Research Corp (FRC) an independent small-cap research specialist firm located in Vancouver, B.C. Kiaro's initial research report and future reports may be obtained directly from FRC.

The opinions expressed in this report are the true opinions of the analyst about this company and industry.   Any "forward looking statements" are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness.   There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. FRC does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by Kiaro to FRC.

Kiaro Holdings Corp.

Based in Vancouver, British Columbia, Kiaro is an independent, omni-channel cannabis retailer and distributor. Through existing storefronts across British Columbia, Saskatchewan, Ontario and assuming completion of the recent acquisition of Hemisphere Cannabis from Aegis Brands, Kiaro will have 18 stores in operation by the end of the fiscal year. This is in addition to a wholesale distribution division servicing Saskatchewan, ecommerce sites in Canada, the US and Australia, as well as plans for continued national expansion. Kiaro is driven to introduce new and experienced consumers to a lifelong exploration of cannabis. With more than 70 years of collective retail and wholesale focused experience, Kiaro's leadership team has a proven track record of growing brands across North America and plans to open multiple retail locations nationwide over the coming years.

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