CordovaCann Corp. closed a non-brokered private placement of 6,718,000 units at a price of CAD 0.31284 per unit for total gross proceeds of CAD 2,101,659.12 led by new investor Sunderland Capital Partners on April 21, 2022. Each unit will consists of one common share and one warrant to purchase one share of common stock at a price of CAD 1.25 per share for a period of two years, expiring April 20, 2024.

As a part of the transaction Tom Bushey of Sunderland Capital Partners joined board seat.