On December 11, 2020, Happy Supplements Inc. closed the transaction. The company issued 2,517,000 shares for gross proceeds of CAD 629,250 in the transaction. The company paid finder's fees of CAD 18,497.50 and issued 73,990 common share purchase warrants. Each finder warrant is exercisable into one share at an exercise price of CAD 0.25 per share until December 11, 2021. All securities issued pursuant to the transaction are subject to a four-month hold period in accordance with applicable securities laws expiring on April 12, 2021. The securities issued pursuant to the transaction are being issued in reliance upon available exemptions from such registration requirements pursuant to Rule 506(b) of Regulation D and/or Section 4(a)(2) of the United States Securities Act and applicable exemptions under state securities laws.