True Leaf Brands Inc. (CNSX:MJ) announced a non-brokered private placement of a minimum of 416,667 common shares up to a maximum of 2,777,778 common shares at a price of CAD 0.36 per share for minimum gross proceeds of CAD 150,000.12 and maximum gross proceeds of CAD 1,000,000.08 on January 6, 2021. The transaction may close in one or more tranches on or before January 31, 2021. The company may pay finder's fees in connection with this placement of up to 10% of the gross proceeds raised by eligible finders in cash or common shares. All of the securities issued pursuant to this transaction will be subject to a four month hold period. The completion of the transaction is subject to receipt of all required Canadian Stock Exchange, regulatory and other approvals.