Hempfusion Wellness Inc announced a non-brokered private placement of 8,000,000 units at a price of $0.25 per unit for gross proceeds of $2,000,000 on August 27, 2021. Each unit is comprised of one common share and one-full common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of $0.50 per common share for a period of four years from the closing date. The securities to be issued in the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The transaction is subject to the approval of all necessary corporate and regulatory approvals, including approval of the Toronto Stock Exchange. The transaction is expected to close on or about September 12, 2021.