Bettermoo(d) Food Corporation announced a non-brokered private placement of 9,090,909 units at a price of CAD 0.33 per unit for aggregate gross proceeds of up to CAD 3,000,000 on January 14, 2023. Each unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.41 per share for a period of twenty-four months following the closing date of the transaction.

The company may pay finders' fees or issue finders' warrants on the same terms as the warrants, to eligible parties who have assisted by introducing subscribers to the transaction. All securities issued are subject to a statutory hold period of four months and a day. The company will issue common shares of the company to Amalfi Corporate Services Ltd., an arm's length third-party, equal to 1% of the aggregate units issued, in consideration for administrative services rendered in support of the transaction.