On June 13, 2023, Humble & Fume Inc. closed the transaction. The company has issued 1,540 convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 1,540,000 in the transaction. A total of 9,625,000 warrants were issued in the transaction.

The transaction included participation from new investor Green Acre Capital Fund II, a fund managed by Green Acre Capital for 1,000 Debenture Units at a price of CAD 1,000 for CAD 1,000,000. The Company also announced that certain insiders of the company acquired 1,150 debenture units for aggregate gross proceeds of CAD 1,150,000.