Bespoke Extracts, Inc. announced that it has entered into a securities purchase agreement for a private placement of 50,000,000 common shares at an issue price of $0.005 per share for gross proceeds of $250,000 on December 27, 2021. The transaction will include participation from 9 investors. The company will also issue warrants to purchase an aggregate of 12,500,000 common shares.

The warrants have a term of one year and an exercise price of $0.05. In connection with the transaction, the company relied upon the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, and/or Regulation D thereunder.