Prime Roots announced that it will issue 9,987,676 series B preferred shares at an issue price of $3.0037 per share for gross proceeds of $29,999,982.4012 in funding on December 5, 2022. The shares are issued at $0.00001 par value per share. The minimum investment accepted from any outside investor is $124,998.

The company will receive $28,789,980 pursuant to exemption provided under Regulation D. The shares carry non-cumulative fixed dividend value of $0.240296 per share per annum. The shares are convertible, participating and non-cumulative. The shares will be convertible into common shares at a fixed price of $3.0037 per share.