Bloom Health Partners Inc. announced a non-brokered private placement of of 10,000,000 units at CAD 0.20 per unit for gross proceeds of up to CAD 2,000,000 on June 7, 2022. The units are comprised of one common share and one-half transferable common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one additional common share in the capital of the company at a price of CAD 0.30 per warrant share until the date that is twelve months from the closing date.

The common shares and the warrants will be subject to a statutory four month hold period under applicable securities laws and the certificates evidencing the common shares and the warrants will bear a legend to that effect. The closing of the offering is expected to occur on or about June 22, 2022 or such other date as the company may determine and is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange.