InnoCan Pharma Corporation announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.25 per unit for gross proceeds up to CAD 3,000,000 on March 5, 2024. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.32 for a period of four years from the date of issuance.

The offering is expected to close on or around March 13, 2024. The securities issued to Canadian subscribers in connection with the offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.