On December 13, 2022, Empower Clinics Inc. closed the transaction. The company has issued 16,850,000 units at CAD 0.05 per unit for gross proceeds of CAD 842,500 in the transaction. Each unit consists of one common share in the capital of the company and one share purchase warrant.

Each warrant is exercisable into one share at CAD 0.075 per share until two years from closing. The units are subject to a four-months and one-day hold period under applicable securities laws