Organic Flower Investments Group Inc. (CNSX:SOW) announced a non-brokered private placement of 5,200,000 units at a price of CAD 0.25 per share for gross proceeds of CAD 1,300,000 on October 8, 2020. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of CAD 0.50 per share for a period of 5 years from the date of issuance. In the event that the shares have a closing price on the Canadian Securities Exchange, or such other exchange on which the shares may be traded at such time, of CAD 1.50 or greater per share for a period of 10 consecutive trading days at any time from the closing of the transaction, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after the date of such notice. No finder’s fees have been paid in connection with the transaction. All securities issued in the transaction are be subject to a four-month hold period.