VANCOUVER, British Columbia, July 31, 2023  — New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), is pleased to announce the appointment of Mr. Dean Medwid as CEO and Director following the resignation of Mr. Michael Stier. Mr. Medwid formerly held the position of President and Chief Operating Officer of New Leaf Ventures Inc. Alongside this change, Mr. Christopher Cooper and Mr. Daryn Gordon have also tendered their resignations as members of New Leaf’s board of directors. New Leaf has appointed Mr. Ryan Arthur to the board of directors and as Corporate Secretary. These changes reflect the Company’s commitment to growth, innovation, and strategic vision. Additionally, Mr. Jason Garnett will continue with his role as Director and CSO for New Leaf and provide the needed continuity to maintain the momentum that the Company has created since his appointment.

Mr. Arthur is currently the President of CR7 Investments Inc., which actively identifies prospective ventures for strategic investment, and technical partnerships, fostering their growth and prosperity. With a rich and diverse background encompassing retail, mining, Cannabis, industrial, and technology sectors, he brings a wealth of expertise to the table. Demonstrating his prowess in capital markets, Mr. Arthur has been instrumental in raising capital for numerous public companies. Additionally, his leadership extends to directorial positions at Nova Lithium Corp. and ISM Resources Corp. since 2021.

The Company would like to thank Mr. Stier, Mr. Cooper, and Mr. Gordon for their invaluable contributions over the past several years, driving our progress and success to date. We commend their vision, expertise, and dedication, and wish them continued success in their future endeavors.

About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)

New Leaf Ventures Inc. is developing a cannabis sector-based scalable concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, real property, intellectual property and equipment for lease, certain administrative services, and other ancillary services to a Washington-based producer for the processing, packaging, and distribution of cannabis and cannabis related products. Find out more at: