SEDAR Interim Financial Statements

SAFE SUPPLY STREAMING CO LTD. Interim Condensed Consolidated Financial Statements For the three-month periods ended December 31, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited - Prepared by Management) NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared by, and are the responsibility of, the Company’s management. The Company’s external auditor has not performed a review of these financial statements in accordance with standards established by CPA Canada for a review of interim financial statements by an entity’s auditor. The accompanying notes are an integral part of these consolidated financial statements. SAFE SUPPLY STREAMING CO LTD. Interim Condensed Consolidated Statements of Financial Position As at December 31, 2025 and September 30, 2025 (Expressed in Canadian dollars) (Unaudited -Prepared by Management) 1 Note 31-Dec-25 30-Sep-25 Unaudited Audited $ $ ASSETS CURRENT Cash and cash equivalents 529,471 185,030 Sale tax recoverable 115,780 94,421 Prepaid expenses 47,446 23,935 Investments held for trading 5 31,130 31,130 723,827 334,516 NON-CURRENT ASSETS Property Plant & Equipment's 4 - 13,509 Goodwill and intangible assets 6 3,257,356 2,899,828 TOTAL ASSETS 3,981,183 3,247,853 LIABILITIES CURRENT Accounts payable and accrued liabilities 7 648,631 570,290 Due to related parties 10 326,329 286,122 TOTAL LIABILITIES 974,960 550,913 SHAREHOLDERS' EQUITY Share capital 9b 16,684,525 15,853,735 Warrants reserve 9c 112,713 73,953 Contributed Surplus - Options 9d 623,175 532,690 Retained earnings (deficit): Deficit (14,414,190) (14,068,934) TOTAL SHAREHOLDERS' EQUITY 3,006,223 2,391,444 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,981,183 2,942,357 These consolidated financial statements were approved and authorized for issuance by the Board of Directors on February 27, 2026. “Raf Souccar” “Tony Clement” Raf Souccar, Director Tony Clement, Director The accompanying notes are an integral part of these consolidated financial statements. 2 SAFE SUPPLY STREAMING CO LTD. Interim Condensed Consolidated Statements of Loss and Comprehensive Loss For the three months ended December 31, 2025 and 2024 (Expressed in Canadian dollars, except number of shares) (Unaudited – Prepared by Management) Note FY 2026 Q1 ended December 31 2025 2024 $ $ Operating expenses Business development expenses 7,359 405 General and administration 34,935 90,926 Investor and public company costs 24,543 53,063 Professional fees 72,766 54,396 Management and consulting fees 122,758 25,122 Share-based compensation 9d 90,485 - Total operating expenses 352,846 223,912 Net loss and comprehensive loss before other items (352,846) (223,912) Other items Foreign exchange (gain)/loss (7,506) 482 Interest (Income)/ expense (85) - Total other items (7,591) 482 Net loss and comprehensive loss for the year (345,255) (224,394) Basic and diluted $ (0.00) $ (0.00) Weighted average number of shares outstanding Basic and diluted 186,853,129 85,489,892 SAFE SUPPLY STREAMING CO LTD. Interim Condensed Consolidated Statements of Cash Flows For the three-months ended December 31, 2025 and 2024 (Expressed in Canadian dollars, except number of shares) (Unaudited – Prepared by Management) Note 31-Dec-25 31-Dec-24 $ $ CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: Net loss for the period (345,255) (224,394) Add (deduct) items: Depreciation 4 13,509 829 Share based p --- ayments 6 90,485 - (241,261) (223,565) Changes in non-cash working capital: Increase in accounts receivable (21,359) - Decrease (Increase) in prepaid expenses (23,511) (4,016) (Decrease) Increase in accounts payable and accrued liabilities 118,8550 (13,419) Net cash flows used in operating activities (167,581) (241,000) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common shares 9b 935,000 550,000 Issuance costs 9b (65,450) - Net cash flows provided by financing activities 824,550 550,000 CASH FLOWS FROM INVESTING ACTIVITIES: Investment in a subsidiary 9 - (499,999) Purchase of intangible assets 6 (357,528) Purchase of investments held for trading, net of proceeds 8 - (50,000) Net cash flows provided by investing activities (357,528) (549,999) Net change in cash 344,441 (240,999) Cash and cash equivalents, beginning of year 185,030 397,866 Cash and cash equivalents, end of period 529,471 156,867 SAFE SUPPLY STREAMING CO LTD. Interim Condensed Consolidated Statements of Changes in Shareholders’ Equity For the three months ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) _____________________________________________________________________________________________________________________________________ The accompanying notes are an integral part of these consolidated financial statements. Note Number of Common Shares Share Capital Share-Based Payments Reserve Warrants Reserve Deficit Total $ $ $ $ $ Balance, September 30, 2024 78,823,225 9,965,258 1,622,459 85,540 (11,329,097) 344,160 Shares issued Shares issued for acquisition 9b 10,000,000 500,000 - 0 - 500,000 Shares issued for finder's fee 9b 1,000,000 50,000 - 0 - 50,000 Shares issued for acquisition 9b 74,000,000 4,440,000 - 0 - 4,440,000 Shares issued for finder's fee 9b 3,700,000 185,000 - 0 - 185,000 Shares issued for private placement, net of share issuance 9b 13,186,665 659,063 - 81,297 - 740,360 Own shares acquired in the year 6b (60,000) - 0 - (60,000) Shares issued for debt settlement 6b 1,671,500 107,070 107,070 Warrants expired, unexercised 9(c) - - - (85,540) 85,540 - Stock options cancelled, unexercised (1,451,709) 1,451,709 - Share based payments 361,940 361,940 Net loss and comprehensive loss for the year - - - 0 (4,277,086) (4,277,086) Balance, September 30, 2025 182,381,390 15,846,391 532,690 81,297 (14,068,934) 2,391,444 Shares issued Issue of common shares 9b 18,700,000 935,000 935,000 Issuance costs 9b (65,450) (65,450) Warrants issued, unexercised 9b (31,416) 31,416 - Share option vesting, unexercised 9d - - 90,485 - - 90,485 Net loss and comprehensive loss for the year - - - - (345,256) (345,256) Balance, December 31, 2025 201,081,390 16,684,525 623,175 112,713 (14,414,190) 3,006,223 SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 9 1. NATURE OF BUSINESS AND GOING CONCERN Safe Supply Streaming Co. Ltd. (formerly Origin Therapeutics Holdings Inc.) (the “Company”) was originally incorporated as 1278700 B.C. Ltd. on December 9, 2020, under the Business Corporations Act (British Columbia). On March 2, 2021, the Company amended its articles to change its name from “1278700 B.C. Ltd.” to “Origin Therapeutics Holdings Inc.” Safe Supply Streaming Co. Ltd. (prior to the c --- ompletion of the RTO, “Old Safe Supply”) was incorporated under the Canada Business Corporations Act (“CBCA”) on January 17, 2023. On September 21, 2023, Origin Therapeutics Holdings Inc. (“Origin”) completed a reverse takeover transaction (the “RTO”) with Old Safe Supply. In connection with the RTO, the Company was continued under the CBCA and changed its name from “Origin Therapeutics Holdings Inc.” to “Safe Supply Streaming Co. Ltd.” The Company received approval to list its common shares on the Canadian Securities Exchange (“CSE”) and commenced trading under the trading symbol “SPLY” on October 3, 2023. The Company is focused on investing in and scaling high-integrity narcotics, wellness, healthcare and biotechnology businesses to execute the safe supply mandates of Health Canada and the provincial government of British Columbia. Going Concern These condensed interim consolidated financial statements have been prepared on a going-concern basis, which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. During the three-month period ended December 31, 2025, the Company incurred a net loss of $322,476. As at December 31, 2025, the Company had an accumulated deficit of $14,391,410 and a working capital deficiency of approximately $251,000 (September 30, 2025 – working capital deficiency of $327,575). The Company has not yet generated material revenues from operations and is reliant on equity financings and other sources of capital to fund its activities. There is no assurance that sufficient funding will be available on acceptable terms to enable the Company to continue its operations. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise additional financing, generate future revenues and manage operating costs. These condensed interim consolidated financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. 2. BASIS OF PRESENTATION a) Statement of compliance These condensed interim consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries: (i) Safe Supply Streaming Opco Ltd., (ii) Drug Lab 118 Ltd., and (iii) Safety Strips Tech Corp. b) Basis of Consolidation A subsidiary is an entity controlled by the Company. Control exists when the Company has power over an investee, is exposed, or has rights, to variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect those returns. The financial statements of subsidiaries are included in the condensed interim consolidated financial statements from the date control commences until the date control ceases. The accounting policies of subsidiaries are aligned with those of the Company. All intercompany balances, transactions, income and expenses, and unrealized gains and losses resulting from intercompany transactions are eliminated in full upon consolidation. c) Basis of measurement and functional and presentation currency These condensed interim consolidated financial statements have been prepared on a historical cost basis, except for financial instruments measured at fair value. The condensed inte --- rim consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 10 These condensed interim consolidated financial statements are presented in Canadian dollars, which is the Company’s functional and presentation currency, except where otherwise noted. The functional currency reflects the currency of the primary economic environment in which the Company operates. 3. MATERIAL ACCOUNTING POLICIES The accounting policies applied in these condensed interim consolidated financial statements are consistent with those applied in the Company’s audited consolidated financial statements for the year ended September 30, 2025. a) Significant estimates and assumptions The preparation of consolidated financial statements in accordance with IFRS Accounting Standards requires the Company to make estimates and assumptions, in applying accounting policies. The most significant estimates and assumptions in applying the Company's consolidated financial statements include the following: Valuation of share-based compensation The Company uses the Black-Scholes option pricing model for valuation of share-based compensation. Option price models require the input of subjective assumptions including expected price volatility, interest rates and forfeiture rates. Changes in the input assumptions can materially affect the fair value estimate and the Company’s earnings and equity reserves. Deferred tax assets Deferred tax assets, including those arising from unutilized tax losses, require management to assess the likelihood that the Company will generate sufficient taxable earnings in future periods in order to utilize recognized deferred tax assets. Assumptions about the generation of future taxable profits depend on management’s estimates of future cash flows. In addition, future changes in tax laws could limit the ability of the Company to obtain tax deductions in future periods. To the extent that future cash flows and taxable income differ significantly from estimates, the ability of the Company to realize the net deferred tax assets recorded at the reporting date could be impacted. The Company has recorded a full valuation allowance against its deferred tax assets due to the uncertainty in the realization of these assets. Impairment of Goodwill The assessment of goodwill for impairment involves significant management judgment and estimation uncertainty. Goodwill is tested for impairment annually, or more frequently if indicators of impairment exist, by comparing the recoverable amount of the relevant cash-generating unit (“CGU”) to its carrying amount. The determination of recoverable amounts requires management to make estimates and assumptions with respect to future cash flows, including revenue growth rates, operating margins, terminal growth rates, and discount rates. These assumptions are based on management’s expectations of future economic and market conditions. b) Significant judgments The preparation of the consolidated financial statements in accordance with IFRS Accounting Standards requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments applying to the --- Company’s consolidated financial statements include the assessment of the Company’s ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty. Going Concern Assessment Management has exercised judgment in assessing the Company’s ability to continue as a going concern, including evaluating whether events or conditions exist that may cast significant doubt on the Company’s ability to meet its obligations as they come due. This assessment involves analyzing the Company’s financial position, funding sources, and future operational plans. Fair value of private company investments Where the fair values of investments in private companies recorded on the consolidated statement of financial position cannot be derived from active markets, they are determined using a variety of valuation techniques. The inputs to these models are derived from observable market data where possible, but where observable market data is not available, judgment is required to establish fair value, and this value may not be indicative of recoverable value. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 11 c) Cash and cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance, are readily convertible to known amounts of cash, and which are subject to insignificant risk of changes in value to be cash equivalents. d) Accounts receivable Accounts receivable consist mostly of recoverable GST/HST input tax credits. e) Property and equipment Property and equipment is carried at cost, less accumulated depreciation and accumulated impairment losses. The cost consists of the purchase price, any costs directly attributable to bringing the asset to the location and condition necessary for its intended use, and an initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Depreciation is provided at rates calculated to write off the cost of equipment, less their estimated residual value, using straight line basis over the following rate: • Furniture and equipment 20% f) Goodwill Goodwill is recognized on the acquisition of subsidiaries and represents the excess of the consideration transferred over the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date. Goodwill is recognized as an intangible asset in the consolidated statement of financial position. Goodwill is carried at cost less accumulated impairment losses, if any. Goodwill is tested for impairment annually, and more frequently when events or changes in circumstances indicate that the carrying amount may be impaired, in accordance with IAS 36 Impairment of Assets. Any impairment loss recognized in respect of goodwill is recognized in profit or loss and is not reversed in subsequent periods. g) Share capital Common shares and warrants are classified as equity. Transaction costs directly attributable to the issue of common shares and warrants are recognized as a deduction from equity as share issue costs, net of any tax effects. Common shares issued for consideration other than cash are valued based on their fair value measured by the consideration for goods or services on the grant date --- . If the value cannot be established, only then is the transaction measured by the grant date. Share issue costs and other legal fees related to and incurred in advance of share subscriptions are recorded as deferred financing costs. h) Share-based compensation The Company grants stock options to purchase common shares to directors, officers, employees, and consultants. Individuals are classified as employees if they are legally or tax-defined employees or provide services similar to those of employees. The fair value of stock options is determined on the grant date using the Black-Scholes option pricing model and is recognized as an expense over the vesting period. Consideration received upon the exercise of stock options is credited to share capital. Forfeited or expired unexercised options result in the previously recognized expense being transferred to deficit. For equity instruments issued to non-employees where the fair value of goods or services cannot be reliably determined, the transaction is measured at the fair value of the equity instruments issued at the date the goods or services are received. i) Warrants The Company applies the residual value method to measure shares and warrants issued as part of private placement units. This method allocates the fair value of the consideration first to the most reliably measurable component and then to the residual value, if any. The fair value of common shares issued in private placements is based on the subscription price. Any residual value is attributed to the attached warrants and recorded in reserves. The fair value of warrants issued separately, not as part of SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 12 private placements, is determined using the Black-Scholes option pricing model. Warrants that expire unexercised result in the previously recognized fair value being transferred from warrants reserve to deficit. j) Loss per share Basic earnings (loss) per share is computed by dividing net loss available to common shareholders by the weighted average number of shares outstanding during the reporting period. Diluted loss per share is computed similar to basic loss per share except that the weighted average shares outstanding are increased to include additional shares for the assumed exercise of stock options and warrants, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options and warrants were exercised and that the proceeds from such exercises were used to acquire common stock at the average market price during the reporting periods. If these computations prove to be anti-dilutive, diluted loss per share is the same as basic loss per share. k) Deferred income tax Deferred income tax is based on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable righ --- t exists to set off current income tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. l) Provisions Provisions are recorded when a present legal or constructive obligation exists as a result of past events where it is probable that an outflow of economic resources will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation estimated at the end of each reporting period, taking into account the risks and uncertainties surrounding the obligation. m) Revenue recognition The Company recognizes revenue in accordance with IFRS 15 Revenue from Contracts with Customers. Revenue is recognized when control of the goods is transferred to the customer. Product revenue is recognized at a point in time, which occurs upon shipment of the product, when the Company has satisfied its performance obligation, legal title has transferred, the significant risks and rewards of ownership have passed to the customer, and collectability of consideration is probable. Revenue is recognized on an accrual basis and is invoiced at the time of shipment. Revenue is recorded net of returns, discounts, and applicable taxes. n) Financial instruments The Company recognizes financial assets and financial liabilities at fair value on the date the Company becomes a party to the contractual provisions of the instruments. The Company classifies its financial assets into the following categories: FVTPL and amortized cost. The Company classifies its financial liabilities at amortized cost. Financial liabilities are recognized initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, financial liabilities are measured at amortized cost using the effective interest method. Interest expense is recorded to profit or loss. The classification of financial assets depends on the business model for managing the financial assets and the contractual terms of the cash flows. Financial liabilities are classified as those to be measured at amortized cost unless they are designated as those to be measured subsequently at FVTPL (an irrevocable election at the time of recognition). For assets and liabilities measured at fair value, gains and losses are either recorded in profit or loss or accumulated other comprehensive income (loss). SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 13 The Company reclassifies financial assets when and only when its business model for managing those assets changes. Financial liabilities are not reclassified. The Company determines the fair value of its financial instruments using the following hierarchy: 1. Level 1: Quoted prices in active markets for identical assets or liabilities. 2. Level 2: Significant observable inputs other than quoted prices. 3. Level 3: Significant unobservable inputs. The Company’s financial assets and financial liabilities as at December 31, 2025 are classified and measured as follows: Fair Value Hierarchy Asset/Liability Classification Level 1 Level 2 Level 3 Total $ $ $ $ Cash and cash equivalents Amortized cost 529,471 --- - - 529,471 Accounts receivable Amortized cost 115,780 - - 137,783 Investments held for trading FVTPL 28,000 - 3,130 31,130 Accounts payable and accrued liabilities Amortized cost 648,631 - - 648,631 Due to related parties Amortized cost 326,329 - - 326,329 As at September 30, 2025: Fair Value Hierarchy Asset/Liability Classification Level 1 Level 2 Level 3 Total $ $ $ $ Cash and cash equivalents Amortized cost 185,030 - - 185,030 Accounts receivable Amortized cost 94,421 - - 94,421 Investments held for trading FVTPL 28,000 - 3,130 31,130 Accounts payable and accrued liabilities Amortized cost 570,287 - - 570,287 Due to related parties Amortized cost 286,122 - - 286,122 o) Investment in associates The Company accounts for its investments in associates at FVTPL in accordance with IFRS 9 Financial Instruments. Where the Company has significant influence or an investment interest in an entity, such investments are measured at fair value, with changes in fair value recognized in profit or loss. p) Accounting pronouncements not yet adopted IFRS 18 Presentation and Disclosure in Financial Statements, which will replace IAS 1, Presentation of Financial Statements aims to improve how companies communicate in their financial statements, with a focus on information about financial performance in the statement of profit or loss, in particular additional defined subtotals, disclosures about management- defined performance measures and new principles for aggregation and disaggregation of information. IFRS 18 is accompanied by limited amendments to the requirements in IAS 7 Statement of Cash Flows. IFRS 18 is effective from January 1, 2027. Companies are permitted to apply IFRS 18 before that date. Management has no plans for early adoption and will evaluate the impact on its financial statement presentation closer to the effective date. 4. PROPERTY AND EQUIPMENT SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 14 PROPERTY AND EQUIPMENT $ Cost, balance at September 30, 2024 - Addition - Furniture 20,411 Cost, balance at September 30, 2025 and December 31, 2025 20,411 $ Accumulated depreciation, balance at September 30, 2023 - Depreciation 3,826 Accumulated depreciation, Balance at September 30, 2024 3,826 Depreciation 3,076 Accumulated depreciation, Balance at September 30, 2025 6,902 Depreciation 13,509 Accumulated depreciation, Balance at September 30, 2025 20,411 Carrying value, balance at September 30, 2025 13,509 Carrying value, balance at December 31, 2025 - 5. INVESTMENTS HELD FOR TRADING During the three-month period ended December 31, 2025, there were no new investments acquired, no disposals, and no additional fair value adjustments recognized in respect of the Company’s investments held for trading. The following transactions were previously reported in fiscal year ending September 30, 2025: Investments held for trading are initially recorded at fair value at the acquisition date and are revalued at the end of each reporting period. The fair value of investments in private companies is measured by reference to the most recent equity financing completed by each respective private company. The fair value of investments in public companies is measured by reference to its quoted market price on the date of measurement. CannaLabs Science Inc (“ --- CannaLabs”) On September 12, 2023, the Company entered into an investment agreement with CannaLabs Science Inc. The agreement initially involved $200,000 in cash (paid), non-convertible promissory note in the principal amount of $200,000 (unpaid), and convertible promissory notes in the principal amount of $600,000 (unpaid). After the initial $200,000 cash investment, the Company decided to not proceed with funding obligations associated with the unpaid promissory notes. On May 30, 2024, the Company has been released of all funding obligations with CannaLabs, the initial cash investment was not refunded. An impairment provision of $199,999 was recognized due to its low recoverability during the year ended September 30, 2024. RAMM Pharmaceuticals (“RAMM”) The Company purchased a total of 2,800,000 common shares of RAMM Pharma Corp. in November 2023 and June 2024, at a combined cost of $160,175. Due to changes in market value, an unrealized loss of $28,000 (2024 - $104,175) was recorded, resulting in a fair value of $28,000 (2024 - $56,000) as at September 30, 2025. Safety Strips Tech Corp (“Safety Strips”) The Company invested in Safety Strips through a $50,000 secured convertible note, which was later converted into equity. The Company invested additional consideration through issuance of 3,000,000 the company’s common shares in the subscription of Safe Strips’ shares. As of September 30, 2024, this investment had a fair value of $350,000. On February 21, 2025, the Company acquired control of Safety Strips through the issuance of Safe Supply shares with an implied fair value of $4,440,000, resulting in ownership of 100% of the issued and outstanding shares of Safety Strips. As a result, SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 15 Safety Strips was consolidated into the Company’s financial statements effective February 21, 2025 (Note 6(b)). The continuity of the Company’s investments held for periods indicated As at December 31, 2025: As at September 30, 2025: CannaLabs RAMM Safety Strips Total Number of shares/units held # # # # Opening, September 30, 2025 383,000 2,800,000 3,500,000 6,683,000 Acquisition - - - - Derecognized upon acquisition - - (3,500,000) (3,500,000) Balance, December 31, 2025 383,000 2,800,000 - 3,183,000 Investment cost $ $ $ $ Opening, September 30, 2025 203,128 160,175 350,000 713,303 Acquisition - - - - Derecognized upon acquisition - - (350,000) (350,000) Balance, December 31, 2025 203,128 160,175 - 363,303 Fair value $ $ $ $ Opening, September 30, 2025 3,130 56,000 350,000 409,130 Unrealized loss on marketable securities - (28,000) (66,596) (94,596) Derecognized upon acquisition - - (283,404) (283,404) Balance, December 31, 2025 3,130 28,000 - 31,130 6. GOODWILL AND INTANGIBLE ASSETS As at December 31, 2025, Goodwill and Intangible Assets totaled $3,222,471, detailed below: 31-Dec-25 30-Sep-25 Goodwill $ 2,899,828 $ 2,899,828 Intangible Assets 357,528 - Total $ 3,257,386 $ 2,899,828 Intangible Assets As at December 31, 2025, the Company’s intangible assets consist solely of an exclusive territory license. During the period, the Company entered into an exclusive territory license and commercial agreement granting the Company the right to market, sell, distribute, and sublicense certain proprietary healt --- hcare technologies within Canada. The license was acquired for total consideration of $357,528 (US$250,000), which has been capitalized as an intangible asset in accordance with IAS 38 – Intangible Assets. The license conveys identifiable contractual rights, provides the Company with control over the use of those rights within the licensed territory, and is expected to generate future economic benefits through product sales and sublicensing arrangements. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 16 The license term commences on January 1, 2026 and has an initial contractual term of five years. Accordingly, the license is considered a finite-life intangible asset and will be amortized on a straight-line basis over its contractual term beginning when the asset becomes available for use. As of December 31, 2025, the license was not yet available for use, and therefore, no amortization has been recorded during the period. INTANGIBLE ASSETS $ Cost, balance at September 30, 2025 - Addition- Healthy Spays 357,528 Cost, balance at December 31, 2025 357,528 $ Accumulated depreciation, balance at September 30, 2025 - Amortization - Accumulated depreciation, Balance at September 30, 2024 - Carrying value, balance at September 30, 2025 $ - Carrying value, balance at December 31, 2025 $ 357,528 Investments in Affiliates and Subsidiaries During the three-month period ended December 31, 2025, there were no new acquisitions of subsidiaries, no changes in control, and no additional business combinations or step acquisitions completed by the Company. The following transactions were previously reported in fiscal year ending September 30, 2025: a) DRUG Labs 118 Ltd (Reg No 4249599) Business Acquisition On November 1, 2024, the Company entered into a share purchase agreement to acquire 100% of the shares of Drug Lab 118 Ltd ("Drug Lab"), a U.S.-resident company, from its parent company, DRUG LAB 118 Ltd ("Drug Lab Parent"), a U.K.-resident company. The terms of the transaction are as follows: • The Company acquired 100% of the shares of Drug Lab from the Drug Lab Parent. • Consideration for the transaction was the issuance of 10 million common shares of the Company at a deemed price of $0.05 per share. • A finder’s fee of 1 million common shares, also at a deemed price of $0.05 per share, was issued to an arm's- length third party. • Upon completion of the transaction, a nominee from the Drug Lab Parent was elected to the Board of Directors of Safe Supply. The transaction was accounted for as business combination under IFRS 3 – Business Combinations, whereby the identifiable assets acquired and liabilities assumed were recognized at their estimated fair values as at the acquisition date, and any excess of the consideration transferred over the net identifiable assets acquired was recognized as goodwill. A summary of the Company’s consideration and net liabilities assumed at fair value as of the acquisition date is as follows: SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 17 $ Consideration Issuance of 10,000,000 Common Shares at $0.05/share 500,00 --- 0 Net liabilities assumed: Cash 1 Accounts payable (218) Goodwill recognized 500,217 b)Step Acquisition of Safety Strips No further changes in ownership, consideration, or fair value adjustments occurred during the three-month period ended December 31, 2025. During the year ended September 30, 2024, the Company initially invested in Safety Strips Tech Corp. ("Safety Strips") through a $50,000 secured convertible note, which was subsequently converted into equity. On March 4, 2024, the Company closed on the acquisition of a 6% ownership in Safety Strips for total consideration of $350,000, settled with $50,000 in cash through conversion of the secured convertible note and issuance of 3,000,000 common shares value at $0.10 per share. As at September 30, 2024, the total investment in Safety Strips was recorded at a fair value of $350,000 in investments held for trading. On October 23, 2024, the Company entered into a letter of intent (“LOI”) to acquire all issued and outstanding securities of Safety Strips. On February 21, 2025, the Company obtained control of Safety Strips through the issuance of Company shares with an implied fair value of $4,440,000, resulting in ownership of 100% of the issued and outstanding shares of Safety Strips. As a result of obtaining control, the Company’s previously held 6% ownership interest, which had been recorded as investments held for trading, was reclassified to a wholly owned subsidiary. A loss on deemed disposition of $66,596 was recognized for the year ended September 30, 2025. The transaction was accounted for as business combination under IFRS 3 Business Combinations, whereby the identifiable assets acquired and liabilities assumed were recognized at their estimated fair values as at the acquisition date, and any excess of the consideration transferred over the net identifiable assets acquired was recognized as goodwill. A summary of the Company’s consideration and net assets acquired at fair value as of the acquisition date is as follows: $ Consideration Issuance of 74,000,000 Common Shares at $0.06/share 4,440,000 Initial investment 350,000 Fair value adjustment (66,596) Net liabilities assumed: Cash 5,514 Other receivable 5,251 Investment in Safety Strips* 60,000 Accounts payable (233,161) Goodwill recognized 4,885,800 * Prior to the completion of the amalgamation, Safety Strips held 3,000,000 common shares of the Company, which were recorded on Safety Strips’ balance sheet at a fair value of $60,000. Upon acquisition, this intercompany investment was eliminated on consolidation and derecognized from share capital in accordance with IFRS 10 Consolidated Financial Statements. c) Impairment The Company reviews the carrying values of its intangible assets at each reporting date for indicators of impairment. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 18 Management assessed whether indicators of impairment existed during the three-month period ended December 31, 2025 and determined that no additional indicators of impairment were present. Accordingly, no further impairment testing was required during the interim period. As at September 30, 2025, the Company performed an indicator-based impairment test on the Drug Lab and Safety Strips. The recoverable amount of the Drug Lab and Safety Strips wa --- s determined based on fair value less cost of disposal (FVLCD), where fair value was calculated based on Level 3 inputs using an income approach through discounted cash flow analysis. As a result of the impairment testing, as at September 30, 2025, the Company determined the carrying amount of the Drug Lab to be $273,113 and recognized an impairment loss of $227,104. The carrying amount of the Safety Strips was determined to be $2,626,715, with an impairment loss of $2,259,085 recognized. Total carrying amounts total 2,899,828 as at the year-end September 30, 2025 and the three-month period ending December 31, 2025. 7. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As at December 31, 2025 and September 30, 2025, the Company had the following accounts payable and accrued liabilities: Dec. 31, 2025 Sept. 30, 2025 $ $ Accounts payable 821,241 570,290 Accrued liabilities 153,719 286,122 974,960 550,913 8. PROMISSORY NOTE PAYABLE Transactions in the period ending December 31, 2025 In the quarter ended December 31, 2025, the Company entered into a short-term bridge loan in the principal amount of USD $50,000, which was non-interest-bearing, from a capital intermediary engaged in connection with the Company’s capital raise during the quarter. The promissory note was fully repaid in December 2025 from proceeds of the financing completed on December 10, 2025 (see Note 9). Transactions previously reported in fiscal year ending September 30, 2025 On March 13, 2025, the Company entered into a term promissory note agreement with 2180447 Ontario Inc. in the principal amount of $60,000 CAD. The note bore interest at 8% per annum and is repayable on the earlier of (i) March 13, 2026, or (ii) completion of qualified financing. The note was fully repaid in April 2025 in connection with the financing completed on April 23, 2025 (Note 9(b)). 9. SHARE CAPITAL a) Authorized Unlimited number of common shares without par value. b) Issued and outstanding Transactions in the period ended December 31, 2025 On December 10, 2025, the Company completed a non-brokered private placement financing, issuing 18,700,000 units at a price of $0.05 per unit for gross proceeds of $935,000. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share at an exercise price of $0.075 per share for a period of two years from the date of issuance. The Company paid aggregate cash finder’s fees of $65,450, representing 7% of gross proceeds, in connection with the financing. Net cash proceeds received by the Company were $869,550. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 19 All common shares issued are subject to a statutory hold period in accordance with applicable securities legislation. Fiscal 2025 Transactions On November 1, 2024, the Company issued 10,000,000 common shares at a price of $0.050 per share in connection with the acquisition of Drug Lab (Note 6(a)), which included the issuance of 1,000,000 common shares for finder’s fee with total value of $50,000 recorded as business acquisition costs. On February 21, 2025, the Company issued 74,000,000 common shares at a deemed price of $0.06 per share as consideration for the acquisition of Safety Strips (Note 6(b)). In addition, the Comp --- any issued 3,700,000 common shares at a deemed price of $0.05 per share as finder’s fees, with total value of $185,000 recorded as business acquisition costs. On the acquisition date, the Company also issued 1,502,000 common shares at a deemed price of $0.06 per share to settle outstanding accounts payable of $90,120 owing to various creditors of Safety Strips. No gain or loss recorded on the settlement. On April 23, 2025, the Company completed a non-brokered private placement of 13,186,665 units at a price of $0.06 per unit, for gross proceeds of $791,120. Each unit consisted of one common share and one-half of one common share purchase warrant, resulting in the issuance of 6,593,333 warrants with a fair value of $nil. In connection with the private placement, the Company paid finder’s fees of $50,840 in cash and issued 841,333 finder’s warrants with a fair value of $81,297, which were recorded as share issuance costs. On July 17, 2025, the Company issued 169,500 common shares at a deemed price of $0.10 per share to settle outstanding accounts payable of $16,950. No gain or loss recorded on the settlement. c) Warrants Transactions in the three-month period ending December 31, 2025: In connection with the private placement completed on December 10, 2025, the Company issued the following warrants: 9,350,000 investor warrants, exercisable at $0.075 per share and expiring two years from the date of issuance; and 1,309,000 broker (finder’s) warrants, issued as non-cash consideration. Each broker warrant is exercisable into one unit, consisting of one common share at $0.05 per share, and one-half of one investor warrant on the same terms as the investor warrants. The broker warrants were equity-settled instruments and were measured at fair value at the grant date in accordance with IFRS 2. The fair value of the broker warrants was estimated using the Black-Scholes option pricing model using the following assumptions: Assumption Value • Share price at grant date $0.05 • Exercise price $0.05 • Expected life 2.0 years • Expected volatility 100% • Risk-free interest rate 3.25% • Dividend yield 0% The resulting fair value of the broker warrants of $31,416 was recorded in contributed surplus, with a corresponding reduction to share capital as an equity issuance cost. No value was assigned to the investor warrants issued in connection with the financing, consistent with the Company’s accounting policy and prior period practice. The following table summarizes warrant activity during the three-month period ended December 31, 2025: SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 20 Number of Warrants Weighted Avg. Exercise Price Fair Value Balance outstanding, September 30, 2024 434,750 $ 0.40 $ 85,540 Transactions FYE 2025 Warrants issued 7,434,666 $ 0.10 81,297 Warrants expired (434,750) $ - (85,540) Balance outstanding, September 30, 2025 7,434,666 $ 0.10 $ 81,297 Transactions: three-month ending December 31, 2025 Warrants issued 10,659,000 $ 0.07 31,416 Balance outstanding, December 31, 2025 18,093,666 $ 0.07 $ 112,713 Investor warrants issued during the period were issued as part of a unit offering and no portion of the proceeds was allocated to the investor warrants. Fiscal 2025 Transactions In connection with the private placement completed in --- April 2025, the Company issued 6,593,333 warrants at an exercise price of $0.10 per warrant with no residual value allocated to warrant reserve and 841,333 finders’ warrants at an exercise price of $0.06 per warrant with fair value of $81,297. The warrants expire 2 years from the issuance date of April 23, 2025. The fair value of these warrants issued was estimated using the Black-Scholes option pricing model using the following assumptions: Number of warrants issued 841,333 Exercise price $ 0.06 Risk free interest rate 2.63% Expected dividend yield 0.00% Expected volatility 168.73% Expected life of the options 2 years The Company’s warrants summary for the year ended September 30, 2025 is as follows: Weighted Number of Average Warrants Exercise Price Fair value Balance outstanding, September 30, 2023 434,750 $ 0.40 $ 85,540 Warrants issued - - - Balance outstanding, September 30, 2024 434,750 85,540 Warrants issued 7,434,666 0.10 81,297 Warrants expired (434,750) - (85,540) Balance outstanding, September 30, 2025 7,434,666 $ 0.10 $ 81,297 SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 21 During the year ended September 30, 2025, the Company transferred $85,540 (2024 - $nil) from warrants reserve to deficit with respect to warrants that were expired and unexercised. d) Stock options The Company has an omnibus incentive plan (the “Plan”) that permits the grant of (i) options; and (ii) restricted stock units ("RSUs") to directors, officers, employees, and consultants for up to 15% of the issued and outstanding common shares, subject to a 10% limit for officers and/or directors. Under the Plan, the exercise price of an option may not be less than the closing market price during the trading day immediately preceding the date of the grant of the option, less any applicable discount allowed by the CSE. The options can be granted for a maximum term of 5 years and vest at the discretion of the Board. RSUs are granted in reference to a specified number of common shares and entitle the holder to receive, on achievement of specific performance goals established by the Board, after a period of continued service with the Company or its affiliates or any combination of the above as set forth in the applicable award agreement, one common share for each such common share covered by the RSU, provided that the Board may elect to pay cash, or part cash and part common shares. The Board may, in its discretion, accelerate the vesting of RSUs. Transactions in the three-month period ended December 31, 2025: During the three-month period ended December 31, 2025, the Company recognized $90,485 (2024 – nil) of share-based compensation expense related to stock options granted under the Company’s omnibus incentive plan. The expense represents the portion of grant-date fair value attributable to options vesting during the period and was recognized in accordance with IFRS 2 – Share-based Payment, with a corresponding credit to contributed surplus. No new stock options were granted, exercised, cancelled, or expired during the three-month period ended December 31, 2025. Fiscal 2025 Transactions On March 26, 2025, the Company granted 16,500,000 options, which 1/6 of the total granted options will vest on each of the 6, 12, 18, 24, 30 and 36 month anniversaries from --- the date of issuance. The options are exercisable at $0.075 per common share until March 26, 2030. As a result, $361,940 was recorded in reserves for the fair value of the vested stock options. During the year ended September 30, 2025, the Company transferred $1,451,709 (2024 - $nil) from share based payment reserve to deficit with respect to options that were cancelled. Of this amount, $1,333,133 related to options cancelled in the year ended September 30, 2024 but not previously reclassified, and $118,576 related to options cancelled during the year ended September 30, 2025. The fair value of these options granted was estimated using the Black-Scholes option pricing model using the following assumptions: Number of options granted 16,500,000 Exercise price $ 0.075 Risk free interest rate 2.77% Expected dividend yield 0.00% Expected volatility 168.73% Expected life of the options 5 years The Company’s stock options summary for the year ended September 30, 2025 and 2024 is as follows: [see next page] SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 22 Stock Options Weighted Average Exercise Price $ Options outstanding, September 30, 2023 375,000 1.000- Granted 19,775,000 0.220 Cancelled/Expired (12,750,000) 0.320 Exercised (1,300,000) 0.100 Options outstanding, September 30, 2024 6,100,000 0.100 Granted 16,500,000 0.075 Cancelled/Expired (2,500,000) 0.100 Options outstanding, December 31, 2025 and September 30, 2025 20,100,000 0.090 As at September 30, 2025, the remaining life of these stock options was 1.09 years. Of the total options outstanding, 6,350,000 were vested. 10. RELATED PARTY TRANSACTIONS Key management include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of members of the Board and the Company’s corporate officers. During the Fiscal 2026 first three-month period ended December 31, 2025, the Company had related party transactions, including (i) compensation of key management personnel and directors, and (ii) transactions with entities related to or controlled by officers and/or directors, as follows: • Management and consulting fees of $114,427 to director and officers of the Company (2025 - $272,000) • Share-based compensation of $76,912 to the director and officers of the Company (2025 - $nil). Accounts due to related parties as at December 31, 2025, was $326,329 (2025 - $113,725) with respect to balances owing to related parties for the transactions disclosed above. These balances are unsecured and non-interest bearing. 11. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The Company examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, interest rate risk, foreign currency risk and price risk. Fair value measurements of financial instruments are required to be classified using a fair value hierarchy that reflects the significance of inputs in making the measurements. The levels of the fair value hierarchy are defined as follows: Level 1 - quoted prices in active markets for identical assets or liabilities; Level 2 - inputs other than quoted prices included --- in Level 1 that are observable for the asset or liabilities, either directly (i.e., as prices) or indirectly (i.e., from derived prices); and Level 3 - inputs for the asset or liability that are not based upon observable market data. As at September 30, 2025, investments in publicly traded companies are measured at fair value using Level 1 inputs and investments in private company shares are classified as fair value through profit or loss and measured at fair value using level 3 inputs being the price of the most recent financings of the companies. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, due to related parties and share subscriptions payable approximate their fair values because of their short-term nature. The Company’s risk exposures and the impact on the Company’s financial instruments are summarized below: Credit risk Credit risk is the risk of loss associated with the counterparty’s inability to fulfill its payment obligations. The Company believes it has no significant credit risk with respect to its accounts receivable. SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 23 Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s objective in managing liquidity risk is to maintain sufficient readily available reserves in order to meet its liquidity requirements at any point in time. The Company achieves this by maintaining sufficient cash and cash equivalents and seeking equity financing when needed. While the Company expects to use the cash from equity raises to fund its expenditure requirements for the immediate future, as other opportunities become available to the Company and investment in safe supply opportunities, management may be required to complete additional financing. The Company’s cash position is highly dependent on its ability to raise cash through financings. This outlook is based on the Company’s current financial position and is subject to change if opportunities become available. At present, the Company’s operations do not generate cash inflows and its financial success is dependent on management’s ability to discover economically viable investment opportunities. The investment strategy process can take many years and is subject to factors that are beyond the Company’s control. In order to finance the Company’s investment strategy and to cover administrative and overhead expenses, the Company may need to raise funds through equity sales, from the exercise of convertible securities, debt, deferral of payments to related parties, or other forms of raising capital. Many factors influence the Company’s ability to raise funds, including the health of the emerging safe supply industry, the Company’s track record, and the experience and caliber of its management. Actual funding requirements may vary from those planned due to a number of factors. Management believes it will be able to raise equity capital as required in the short and long-term but recognizes that there will be risks involved which may be beyond its control. The Company will continue to monitor the current economic and financial market conditions and evaluate their impact on the Company’s liquidity and --- future prospects. Contractual undiscounted cash flow requirements for financial liabilities as at September 30, 2025 are as follows: Carrying value Contractual cash flows Within 1 year 1-5 years $ $ $ $ Accounts payable and accrued liabilities 648,631 648,631 648,631 - Due to related parties 326,329 326,329 326,329 - 974,960 974,960 974,960 - Interest rate risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s cash is held in an account with a major Canadian financial institution. The funds may be withdrawn at any time without penalty. Price risk The Company is exposed to price risk with respect to equity prices. Equity price risk is defined as the potentially adverse impact on the Company’s ability to obtain equity financing due to movements in individual equity prices. The Company closely monitors individual equity movements to determine the appropriate course of action to be taken by the Company. 12. CAPITAL MANAGEMENT Capital is comprised of the Company’s shareholders’ equity. As at December 31, 2025, the Company’s shareholders’ equity was $2,984,003 (September 30, 2025 – $2,391,444) and current liabilities were $996,963 (September 30, 2025 – $856,409). During the three-month period ended December 31, 2025, the Company completed a non-brokered private placement SAFE SUPPLY STREAMING CO LTD. Notes to the Interim Condensed Consolidated Financial Statements For the three-month period ended December 31, 2025 and the year ended September 30, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 24 financing for gross proceeds of $935,000, resulting in net proceeds of $869,550 after finder fees. In addition, the Company issued finder warrants with a fair value of $31,416, which were recorded in contributed surplus as equity issuance costs. These transactions increased the Company’s shareholders’ equity and strengthened its liquidity position. The Company’s objectives when managing capital are to maintain sufficient financial resources to fund operations, meet its obligations as they become due, and support the execution of its business strategy, while maximizing long-term shareholder value. The Company manages its capital structure and makes adjustments based on market conditions, business opportunities, and its overall funding requirements. The Company is not subject to externally imposed capital requirements. 13. INCOME TAXES For the three-month period ended December 31, 2025, the Company incurred a net loss and, as a result, has not recorded any current or deferred income tax expense. As at December 31, 2025, the Company has accumulated tax losses, which may be available to offset future taxable income. Deferred tax assets associated with these losses have not been recognized, as management has determined that it is not probable that sufficient taxable income will be available to utilize the deferred tax assets at this time. There have been no material changes to the Company’s tax reporting or deferred tax balances during the three-month period ended December 31, 2025, as compared to September 30, 2025. 14. SUBSEQUENT EVENT There were no other material subsequent events requiring disclosure or adjustment to the interim condensed consolidated financial statements for the three-month period ended December 31, 2025. [Last page]