CanaFarma Hemp Products Corp. announced a non-brokered private placement of 32,051,282 units at a price of CAD 0.156 per unit for gross proceeds of CAD 4,999,999.992 on July 12, 2021. Each unit consist of one common share and one-half of common share purchase warrant, with each whole warrant entitling the holder to purchase one common share at an exercise price of CAD 0.20 per unit for a period of 36 months from the date of closing. All securities to be issued in the transaction will be subject to a four month and one day statutory hold period in accordance with applicable securities laws. Subject to the satisfaction of customary closing conditions, including completion of customary filings with the Canadian Securities Exchange, the first tranche of the transaction is expected to close on or before August 19, 2021.