Modern Meat Inc. announced a non-brokered private placement of up to 10,000,000 share purchase warrants at an issue price of CAD 0.01 per warrant for gross proceeds of up to CAD 100,000 on February 18, 2021. Each transferrable warrant will entitle the holder to acquire one common share exercisable at a price of CAD 3.60 per warrant and have an expiry of three years from the date of issuance. Finders' fees may be paid, as permitted under Canadian Stock Exchange policies and applicable securities laws. The Company does not intend to publicly list the warrants for trading on the Canadian Securities Exchange.