The BC Bud Corporation announced a non-brokered private placement of 6,800,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 340,000 on February 2, 2023. The transaction included participation returning individual investor, Karim Mohamedani for 2,000,000 units which represent 3.77% stake of the current issued and outstanding common shares of the company. Each Unit comprised one common share and one share purchase warrant.

Each warrant entitles the holder to acquire an additional common share at a price of CAD 0.15 per share until February 2, 2025. All securities issuable in the transaction are subject to a four month hold period expiring on June 3, 2023 in accordance with applicable securities laws. No finder's fees were payable in connection with the transaction.