FinCanna Capital Corp. announced a non-brokered private placement of units for gross proceeds of CAD 2,000,000 on November 17, 2021. Each unit consists of one common share and one common share purchase warrant.

Each warrant can be exercised to acquire one common share for a period of two years from the date of closing. The transaction is subject to approval from regulatory and Canadian Securities Exchange. The units will be priced in the context of the market and on a post consolidation basis as concurrent with closing of the transaction, common shares of company will be consolidated.

The company may pay finders' fees on a portion of the offering, subject to compliance with the policies of the Canadian Securities Exchange and applicable securities legislation. The company's management team will subscribe for a minimum of CAD 250,000 of the transaction. The units will be offered pursuant to available exemptions, including sales to accredited investors.

All securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.