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KALSEC SIGNS MASTER SERVICES AGREEMENT WITH WILLOW BIOSCIENCES FOR THE DEVELOPMENT AND MANUFACTURE OF FUNCTIONAL FOOD INGREDIENTS USING PRECISION FERMENTATION

Willow Biosciences Inc. ("Willow") (TSX: WLLW) (OTCQB: CANSF), a leading biotechnology company focused on revolutionizing industrial manufacturing of pure, consistent and sustainable functional ingredients and Kalsec® Inc. ("Kalsec"), a leading global producer of natural taste and sensory, food protection, colors and advanced hops ingredients for the food and beverage industry, announce entry into a Master Services Agreement (the "MSA") to develop and commercialize a precision fermentation production process for a high volume, natural food opportunity.

"We are pleased to add a new functional ingredient to our portfolio, highlighting the demand for our fully integrated FutureGrownTM technology platform," said Dr. Peter Seufer-Wasserthal, Willow's President & CEO. "We welcome the opportunity to advance Kalsec's range of natural, sustainable products while also evolving Willow's business strategy."

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