Craftport Cannabis Corp. announce a non-brokered private placement offering 37,500,000 common shares at a price of CAD 0.08 per common share for gross proceeds of CAD 3,000,000 on May 27, 2022. The company expects to close the transaction on or about June 30, 2022.

On the same date the company issued 18,750,000 common shares for gross proceeds of CAD 1,500,000 in its first tranche. the common shares issued pursuant to the first tranche are subject to resale restrictions for a period of four months and a day expiring on September 28, 2022. No finders fees have been or will be paid in connection with the offering.