An anonymous director reports

FRESHII FOCUSES ATTENTION ON PROTECTING THE HEALTH OF ITS CUSTOMERS AND EMPLOYEES; POSTPONES FILING OF ANNUAL INFORMATION FORM

Freshii Inc., as a result of its leadership's continued focus on protecting the health of Freshii's customers and employees and on supporting its network of restaurants and franchise partners in response to the continuing COVID-19 pandemic, will be utilizing the temporary blanket relief granted by the Ontario Securities Commission in Ontario Instrument 51-502 (Temporary Exemption from Certain Corporate Finance Requirements) (and equivalent relief granted by the other provinces and territories of Canada) to postpone the filing of its annual information form (AIF) for its most recently completed fiscal year by a period of up to 45 days. Freshii expects to file its AIF on or about May 12, 2020. Freshii also announced that it expected to utilize this relief in respect of its interim financial report for the first quarter of 2020, the associated management's discussion and analysis, and related filings for the first quarter of 2020, all of which it anticipates filing on or before June 28, 2020.

Since the date of Freshii's annual financial statements for the 52 weeks ended Dec. 29, 2019, and, in response to the COVID-19 pandemic and government restrictions imposed in a variety of the jurisdictions in which Freshii and its franchise partners operate, and in common with other restaurant and hospitality and entertainment-related businesses, many Freshii locations have temporarily paused their service to dine-in guests, revised operating hours or paused operations. The number of locations offering such modified services or which have paused operations continues to evolve and the company expects this number will continue to fluctuate, in response to imposition (and, in some jurisdictions, relaxation) of government restrictions, the nature of government relief provided to small businesses (which has facilitated restarting takeout/delivery operations at some locations that had previously paused operations), and to other conditions and other factors specific to the various local markets in which Freshii and its franchise partners operate. Freshii has also temporarily streamlined its head office work force as part of its pro-active cost-management measures.

The continuing COVID-19 pandemic and events and circumstances resulting from that pandemic are expected to have a material impact on Freshii's business, operations and financial performance for at least the first half of 2020, but this impact cannot be quantified at this time because of the significant uncertainty associated with the ultimate extent, duration and severity of the pandemic itself, and with the government restrictions, effects on consumer behaviour and other factors associated with or resulting from that pandemic, many of which are beyond the company's control. Freshii continues to actively monitor all aspects of its business and operations and to work closely with its franchise partners and other business partners but does not expect to provide further updates except as required by applicable law.

In connection with Freshii's utilization of the above-noted relief, its management and other insiders are subject to an insider trading blackout policy (Freshii's timely disclosure, confidentiality and insider trading policy) that reflects the principles in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdiction).

About Freshii Inc.

Freshii is a health and wellness brand on a mission to help citizens of the world live better by making healthy eating convenient and affordable. With a diverse and completely customizable menu of breakfast, soups, salads, wraps, bowls, burritos, frozen yogurt, juices and smoothies served in an eco-friendly environment, Freshii caters to every taste and dietary preference.

We seek Safe Harbor.