SOL Global Investments Corp Finalizes Divestitures of Securities in Bluma Wellness Inc.

February 12, 2021 (Toronto, Ontario) – SOL Global Investments Corp. (“SOL Global” or the “Company”)(CSE:SOL) (OTCPK: SOLCF) (Frankfurt:9SB) announces that it transferred and divested an aggregate of 16,891,749 common shares (“Common Shares”) and 6,450,000 common share purchase warrants (“Warrants”) of Bluma Wellness Inc. (“Bluma”) (CSE: BWEL.U) to various arm’s length parties (the “Transferees”) in private market transactions occurring simultaneously on February 12, 2021 (the “Dispositions”). The consideration received per Common Share and per Warrant under the Dispositions was US$1.00, for total consideration received of US$23,341,749. The completion of the Dispositions resulted in the Company’s beneficial ownership of, or control or direction over, the Common Shares and Warrants to decrease below 10% of the issued and outstanding Common Shares on a partially-diluted basis. Accordingly, following the filing of the early warning report described below, SOL Global will no longer file early warning or insider reports in respect of the Company’s ownership of Bluma’s securities, except as may be required by applicable law.