Empower Clinics Inc. announced a private placement to issue 24,400,000 units at an issue price of CAD 0.04 per unit for the gross proceeds of CAD 976,000 on April 2, 2024. Each Unit to be comprised of one common share and one common share purchase warrant and with each Warrant exercisable into one Share at a price of CAD 0.05 per Share for 24 months following the date of issuance. All of the Company?s securities, including the Shares and Warrants that will be issued in connection with the Private Placement and the Shares for Debt Transaction, will remain subject to the FFCTO failure-to-file cease trade order until the FFCTO is fully revoked.

The issuance of a full revocation of the FFCTO is not certain. All of the securities that may be issued in connection with the Private Placement and the Shares for Debt Transaction will be subject to a hold period under applicable Canadian securities laws of four months and one day from the date of issuance. The transaction may be closed in one or two tranches.