Craftport Cannabis Corp. announce a non-brokered private placement offering of up to 15,000,000 common shares at a price of CAD 0.20 per common share for gross proceeds of CAD 3,000,000 on January 25, 2022. The offering price of CAD 0.20 represents a 25% premium to the company's last closing price on the Canadian Securities Exchange on January 24, 2022 of CAD 0.16 per common share.

The common shares issued pursuant to the offering will be subject to resale restrictions for a period of four months and a day from the date of issuance. The closing of the transaction is subject to certain customary conditions, including Canadian Securities Exchange approval. No finders' fees will be paid in connection with the transaction.

The company expects to close the offering by March 8, 2022.