Juva Life Inc. announced a private placement of convertible unsecured notes and a total of 2,186,666 warrants for the gross proceeds of CAD 2.2304 on June 27, 2023. The transaction included participation from new investors, JLL Ventures Inc. and JT Labs LLC. The note have a coupon rate of 30% per annum due and payable on December 1, 2024.

The note is convertible into common shares, and warrants are convertible into one share of the company, exercisable at CAD 0.054 per warrant until June 1, 2028.