C21 INVESTMENTS INC.
NOTICE OF CHANGE IN YEAR-END
Pursuant to Section 4.8 of National Instrument 51-102 - Continuous Disclosure Obligations
(A) Statement of decision to change year-end
C21 Investments Inc. (the "Company") has determined to change its year-end from January 31 to March 31 (the "Change in Year-End").
(B) Reason for change of year-end
The Company has determined to proceed with the Change in Year-End to better align with the reporting cycle of its peers in the cannabis industry. In addition, the Company believes that the Change in Year-End will allow its auditors to complete the audit of the Company's annual financial statements in a timely and cost-efficient manner as the Change in Year-End will shift the completion of the audit to a time period where the demands placed on audit services by other issuers is not as high.
(C) The Company's old financial year-end
January 31
(D) The Company's new financial year-end
March 31
(E) The length and ending date of the periods, including the comparative periods, of each interim financial report and the annual financial statements to be filed for the Company's transition year and its new financial year.
| Transition Year | Comparative Annual
Financial Statements to
Transition Year | Interim Periods for
Transition Year | Comparative Interim
Periods to Interim Periods
in Transition Year |
| 2 months ended March 31, 2024 | 12 months ended January 31, 2024 | Not applicable | Not applicable |
| New Financial Year | Comparative Annual
Financial Statements to
New Financial Year | Interim Periods for New
Financial Year | Comparative Interim
Periods to Interim Periods
in New Financial Year |
| March 31, 2025 | 2 months ended March 31, 2024 and 12 months ended January 31, 2024 | 3 months ended 06/30/2024
6 months ended 09/30/2024
9 months ended 12/31/2024 | 3 months ended 07/31/2023
6 months ended 10/31/2023
9 months ended 01/31/2024 |
(F) Filing deadlines for the annual financial statements and interim financial reports for the Company's transition year
i. For the two months ended March 31, 2024, the filing deadline is July 29, 2024; and
ii. For the new 12-month period reflecting the Company's year ended March 31, 2025, the filing deadline is July 29, 2025.
DATED this 30th day of May, 2024
C21 Investments Inc.
Per: "Michael Kidd"
Michael Kidd, Chief Financial Officer
