Eve & Co Incorporated announced a non-brokered private placement of 2,777,778 units at a price of CAD 0.18 per unit for gross proceeds of CAD 500,000 on September 29, 2021. Each unit consists of one common share in the capital of the company and one half of one common share purchase warrant, with each warrant being exercisable into one common share at an exercise price of CAD 0.25 for a period of two years from closing. The transaction includes participation from returning investor, Franchise Cannabis Corp.

All securities issued in the transaction are subject to statutory hold periods until the date that is four months and one day from the date of issuance. The TSX Venture Exchange has accepted for filing documentation with respect the transaction. The transaction included participation from one placee.