BevCanna Enterprises Inc. (CNSX:BEV) announced a non-brokered private placement of 2,330,000 units at a price of CAD 1.50 per unit for gross proceeds of CAD 3,495,000 on January 11, 2021. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of CAD 2 per share for a period of one year following the date of closing of the offering, subject to an acceleration provision of the company whereby, in the event the its common shares have a closing price on the Canadian Securities Exchange of greater than CAD 2.25 per share for a period of 5 consecutive trading days at any time after four months and one day from the closing date of the offering, the company may accelerate the expiry date of the warrants by giving notice via news release to the holders thereof and, in such case, the warrants will expire on the 30th day after the date on which the news release is disseminated by the company. All securities issued in connection with the transaction will be subject to a statutory hold period of four months and one day from the date of issuance. No finder’s fees were paid in connection with the offering.