Greenrise Global Brands Inc. announced a non-brokered private placement of 1,000,000 units at a price of CAD 0.35 per unit for gross proceeds of CAD 350,000 on November 22, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.6 per share for a period of one year from the date of closing. The securities are being subject to four months and one day hold period. The warrants will also be subject to an acceleration clause whereby, in the event the volume weighted average trading price of the common shares on the Canadian Stock Exchange , or any other stock exchange on which the company?s common shares are then listed is equal to or greater than CAD 0.75 for a period of twenty consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving written notice to the holders of the warrants that the warrants will expire on the date that is not less than thirty days from the date notice is provided by the company to the warrant holders. In connection with the offering, company may pay a finder?s fee and issue warrants to one or more arm?s length parties.