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Freshlocal Secures New Funding from the Government of Canada Focused on Improving Grocery Services for Albertans

Vancouver, BC, March 21, 2022--(T-Net)--Freshlocal Solutions Inc. (TSX: LOCL) (OTC: FLOCF) announced that Prairies Economic Development Canada ("PrairiesCan") has agreed to provide funding of $4.4 million to the Company's wholly owned subsidiary, Organics Express Inc., operating as SPUD Alberta, to expand its operational capacity in Alberta and further enhance its FoodX eGrocery Management Solution ("eGMS").

The Funding will support the Company's mission to use technology and innovation to reduce the overall environmental impact of online grocery sales, with a focus on reducing food waste and enhancing the local food supply chain.

The Funding will be delivered in certain prescribed amounts for a four (4) year period through PrairiesCan's Business Scale-up and Productivity ("BSP") program. The BSP program supports high-growth businesses that are scaling up their development of innovative goods, services or technologies through, repayable funding to incorporated businesses. The BSP funding is repayable in monthly interest free instalments over a five (5) year period starting in January 1, 2026 and remains subject to the satisfaction of certain customary conditions. No security or collateral will be taken by PrairiesCan in connection with the Funding.

Simon Cairns, CEO, Freshlocal (Photo Credit: Boyden Executive Search)

"This non-dilutive funding arrangement with PrairiesCan is an exciting opportunity to enhance our Alberta operations and FoodX technology capabilities, and to focus on solutions that address an issue as important as reducing food waste in a meaningful way," said Freshlocal's Chief Executive Officer, Simon Cairns.

"The Company has a long history of providing multi-channel grocery services to its Alberta-based customers, and soon we'll be able to leverage this operational and market experience to significantly decrease food waste rates to improve the province's food ecosystem."

About Freshlocal Solutions Inc.

Freshlocal is a Vancouver-based company that is building a leadership position in the provision of end-to-end grocery e-commerce solutions. The Company operates two primary businesses, FoodX and eGrocery, both of which support its corporate mission to innovate food systems for people, planet and prosperity. Food-X Technologies ("FoodX") is Freshlocal's scalable end-to-end SaaS-based eGMS which is designed to meet the needs of large and small grocery retailers while providing profitable unit economics.

The FoodX eGMS is the culmination of over 20 years of experience in online grocery and the Company's proven track record of delivering efficiently, sustainably and profitably. The Company's consumer eGrocery business has expanded into one of Canada's largest online grocery companies, with a focus on delivering fresh, local, organic produce and groceries, along with exceptional customer experiences.

Freshlocal serves the main urban markets in Alberta and British Columbia through its brick and mortar store locations operating under the Blush Lane and Be Fresh banners, as well as through SPUD.ca which is the Company's award-winning online eGrocery platform. Freshlocal's common shares are listed on the Toronto Stock Exchange under the symbol "LOCL". Please visit www.freshlocalsolutions.com .