Kaycha Labs Strategic Update: Tennessee Designated Eastern US Hemp/CBD Testing Lab

With locations across the U.S., Kaycha Labs is establishing a national network of cannabis and hemp labs that provides essential product quality and safety information

FORT LAUDERDALE, Florida (December 30, 2020) – Kaycha Labs, a national leader in cannabis and hemp
testing technologies and methods, has designated its Tennessee location as its primary Eastern US Hemp/CBD
Testing Lab and exited two of its minority-ownership labs.

After completing a trial period of working with a few minority-owned, licensed partners, Kaycha has
determined that clients, shareholders, and the consuming public will be best served where Kaycha is in full
control of and managing all aspects of laboratory operations including accreditation, capital expenditures,
quality control and finances. And as a result, Kaycha has exited two partnership labs and designated its
Tennessee Lab as its primary Eastern US Hemp/CBD Lab.

James Horvath, CEO, commented, “I am excited to be consolidating most of our CBD/Hemp Testing business in
Knoxville which has the full complement of required accreditations. And we have more than enough capacity
to serve the combined demands of our former Kentucky and New York Labs.” Chris Martinez, President,
added, “We underestimated many of the operational challenges of licensee labs and feel it is easier to execute
when we are in full control.”

Over the coming months, Kaycha will be announcing the addition of several new company-owned and
managed lab locations in attractive, large markets.

ABOUT KAYCHA LABS: Headquartered in Fort Lauderdale, Florida, Kaycha Labs operates six testing labs in five states including California, Colorado, Florida, Oklahoma, and Tennessee. Kaycha’s network of accredited labs
is a recognized leader in testing precision and speed, delivering results within 48 hours with sample
automation and technology innovation. For more information, visit KaychaLabs.com and on social media
@KaychaLabs

Media contact: David Haut, Simply180, david@simply180.com, 561-674-0757