SILO:CC - Oregon-Based Psilocybin Company Silo Wellness Announces FFCTO Revocation Order; Requests CSE Trading Resumption

Springfield, Oregon--(Newsfile Corp. - April 6, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announces that the failure-to-file cease trade order ("FFCTO") has been revoked by the Ontario Securities Commission ("OSC") after filing the Company's audited annual financial statements and corresponding management's discussion and analysis for the year ended October 31, 2022. The Company is following up with the CSE to remove its suspension and resume the trading of the Company's common shares.

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About Silo Wellness

Silo Wellness's mission is to provide psychedelics to those suffering as quickly and inexpensively as possible, and Silo is currently Oregon's only publicly traded company actively providing psychedelics to clients. The Company was founded in 2018 by an Oregon trial lawyer in anticipation of Oregon legalizing psilocybin on January 1, 2023, and currently offers Jamaica psilocybin retreats at an all-inclusive seafront resort. The Company has a right of first refusal on all psilocybin mushrooms with Oregon first-mover cultivator Satya, Inc., and announced in January its intended Portland-area rural psilocybin service center with overnight dorm room accommodations (if land use permits are granted).

Contact:
Mike Arnold, CEO
541-900-5871
IR at silo wellness dot com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SEE PRIOR PRESS RELEASES AND ANNUAL FILINGS FOR CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. SEE THE MOST RECENT MD&A ON SEDAR FOR RISK FACTORS.

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