On October 5, 2021, Hempfusion Wellness Inc. closed the transaction. The company issued 11,770,000 units for gross proceeds of $2,942,500. Directors and officers subscribed for 1,600,000 units at a purchase price of $0.25 per unit, including Jason Mitchell, N.D., the Chief Execuitve Officer, Jon Visser, Chief Operating Officer and various members of the board. The company paid a finders fees of $30,275 to certain finders. The company also issued an aggregate of 121,100 broker warrants in connection with the transaction, with each broker warrant exercisable for one Unit at the exercise price of $0.25 per unit for four years from the date of issuance. The transaction included participation from 22 investors pursuant to regulation D.