The Planting Hope Company Inc. announced a private placement of 80,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 8,000,000 on April 2, 2024. Each unit shall consist of one subordinate voting share in the capital of the company and one subordinate voting share purchase warrant. Each warrant shall entitle the holder to acquire one additional subordinate voting share at an exercise price of CAD 0.15 for a period of 24 months from the closing date of the offering.

The securities issued pursuant to the offering will be subject to a hold period of six months from the date of issuance. Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV. The offering may close in one or more tranches.

Books will close the earlier of full subscription to the offering or April 30, 2024.