Cruzani, Inc. announced a private placement of a secured convertible promissory note for gross proceeds of $165,000 on June 15, 2022. The company has entered into securities purchase agreement with the investor. The company will also issue a warrant to purchase common stock of the company in favor of buyer exercisable into 1,500,000,000 shares of common stock.

The transaction will involve participation from Trillium Partners, LP.