NEVIS BRANDS INC. Announces Corporate Update

Executive Summary

• Relaunched Major™ cannabis beverages in Arizona, positioning for increased Q1 2026 sales.
• Secured a purchase agreement to distribute Happy Apple™ hemp‑derived THC drinks in Ohio, expanding market presence.
• Reduced the outstanding note payable to SoRSE Technology by $75,000 and scheduled final payment of the remaining balance plus interest by June 2026.

Key Details

• Arizona Relaunch: Major 100 mg Fruit Punch, Blackberry Lemonade, and Blueberry now sold in multiple dispensaries across Arizona.
• Ohio Expansion: Purchase agreement with a Columbus‑based distributor for Happy Apple™ low‑dose THC beverages, enabling statewide availability.
• Debt Reduction: Additional $75,000 payment applied to the $100,000 principal of the June 2023 note; remaining $25,000 plus estimated $55,000 interest due in June 2026.
• Forward Outlook: Management expects continued demand for hemp‑derived THC products despite anticipated federal regulatory changes in late 2026 and anticipates growth in key states.

Notable Quotes

“Despite the announcement of the Federal Government to end the sale of Hemp Derived THC in late 2026 we continue to see demand for our products,” said John Kueber, CEO.
“We look forward to completing full payment of the note payable to SoRSE and applying additional cash towards growth of our product portfolio in 2026.”