Blender Bites Limited announced a non-brokered private placement of 649,350 units at a price of CAD 3.08 for the gross proceeds of CAD 1,999,998 on February 22, 2023. Each unit will consist of one common share and one share purchase warrant exercisable at a price of CAD 5.50 for a period of sixty months. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws.

Completion of the offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.