Eddy Smart Home Solutions Ltd. ("Eddy") (TSXV: EDY) announced today the successful closing of the previously announced acquisition on March 25, 2022 of all of the issued and outstanding common shares of Reed Controls Inc. (dba Reed Water) ("Reed"). The total purchase price for the Transaction was C$7,359,600. The purchase price was paid in common shares of Eddy at a per share price of $0.60 per share, with 12,266,000 shares being issued (the "Share Consideration"). The Share Consideration is subject to a twenty-four (24) month lock-up period, provided that the Share Consideration will be released from the lock-up requirements on the first business day following each of the four, six, nine, twelve, fifteen, eighteen and twenty-one month anniversaries of the closing date, and such other terms, as may be imposed by the TSXV. The Share Consideration will also be subject to a statutory four month hold period.