On October 6, 2023, The Yumy Candy Company Inc. closed the transaction. The company will now issue 2,280,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 456,000. Each warrant will be exercisable into a common share at an exercise price of CAD 0.25.

The closing of the transaction is subject to the approval of the Canadian Securities Exchange. All the securities will be subject to a four-month and oneday hold period accordance with applicable securities laws.