Farm Closes Frontier Labs

Toronto, Ontario – Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”), a leading agriculture data company in North America, is pleased to announce that the Company has signed an arm’s length definitive agreement (the “Definitive Agreement”) dated October 4, 2022, to acquire 100% of the assets of Frontier Labs Inc. (“Frontier Labs”).

Frontier Labs is a leading soil lab and agronomy company, based in Iowa, that services Iowa and Minnesota (the “Acquisition”). The Acquisition continues Deveron’s strategy to vertically integrate the soil collection and analysis process within its ecosystem, while adding important local relationships in one of the United States largest agricultural regions.