Ambari Brands Inc. announced a non-brokered private placement of up to an aggregate of 3,750,000 at a price of CAD 0.40 per unit for aggregate gross proceeds of up to CAD 1,500,000 on July 11, 2023. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitling the holder to acquire one additional common share for a period of one year from the date of issuance at an exercise price of CAD 0.50 per common share.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day from issuance in accordance with applicable securities legislation.