FarmWorks Community Economic Development Fund Share Offers receive a Certificate of Registration under the Nova Scotia Equity Tax Credit Legislation and non-objection by the Nova Scotia Securities Commission enabling investors who met the criteria set out in the Legislation to purchase shares in FarmWorks CEDIF and receive a personal 35% non-refundable Nova Scotia Equity Tax Credit. Investors may be eligible for further Tax Credits of 20% and 10% at the 5 and 10- year investment anniversaries provided the CEDIF meets Nova Scotia Securities Commission conditions.  Shares may be eligible for Federal RRSP tax deferral when invested in FarmWorks through the Canadian Workers Cooperative Federation.

Fifteenth Offer Forms and Information:

March 6, 2026

Dear Shareholder,

Thank you for investing in FarmWorks’ Fifteenth Offer of shares. Please visit FarmWorks website to keep up to date with all the FarmWorks clients who are growing Nova Scotia’s food economy using the money you have invested. Please tell others about the many benefits of supporting local producers!

In 2023 FarmWorks engaged a legal firm to work with the NS Securities Commission to raise the overall amount that can be invested in FarmWorks over time from $6 million to $25 million, with financial statements reported according to International Financial Regulatory Statements. In 2024 FarmWorks remained under the $6 M cap limiting investment to $300,000. In 2025 BDO Canada provided IFRS statements for submission to NSSC and the Department of Finance. The transition was challenging and the ‘non-objection’ letter was not received until February 19th leaving 11 days to promote and sell shares before the March 2nd deadline.

The Fifteenth Offer raised $520,100 for an overall total of $6,505,400 and only 13.9% of investments have been redeemed over fourteen years, primarily by people collapsing RRSPs. Our condolences to the families of loyal shareholders who have passed away. Note that rather than redeeming FarmWorks shares held in an RRSP at age 71, especially if part-way through a five-year term, it may be convenient for RRSP holders to deregister shares so they can continue to be invested in FarmWorks and gain subsequent Provincial tax credits. We are looking to find a financial institution that will hold FarmWorks Shares in a RRIF.

FarmWorks has provided the Department of Finance with the Investor Data Report for new investments and the Rollover Data for 20% and 10% Equity Tax Credits. We always look for the ETC Certificates sooner that the Department of Finance is able to send them out – they will all arrive in time to be submitted with your income tax.

FarmWorks Directors, on behalf of our clients, are thankful to everyone who invested. To date over $11,900,000 has been loaned to 183 qualifying businesses that are helping to increase the economic, health, social, environmental, and other benefits that result from producing and eating Nova Scotian food. Loan recipients are carefully chosen by the Board to balance risk and achieve strategic goals: increasing the supply of food, creating and maintaining jobs and stimulating the economy, supporting people and the environment. FarmWorks Clients are adjusting to rising input costs, climate-related and other global and local challenges as they work diligently to provide for their clients and their communities. Your purchases from FarmWorks clients are greatly appreciated when you visit their farms, stores, and restaurants. Please keep the Map of Loan Recipients close at hand.

FarmWorks Investment Co-operative Limited seeks to help increase food availability by supporting all facets of food production – producers, education, health, business, finance and sustainability and the environment.

The date and location for FarmWorks Annual General Meeting will be announced soon.

For more information please contact

Linda Best
FarmWorks Investment Co-operative Limited

Phone: 902-542-3442

Cell: 902-670-3660

lbest@ns.sympatico.ca

Fifteenth Offer Information:‍ ‍

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