TransCanna Holdings Inc. announced a non-brokered private placement of up to 6,666,667 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,000,000 on March 10, 2022. Each unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.20 per share for a period of 2 years from issuance.

The transaction may include participation from insiders of the company for up to 20% of the total placement. The transaction is subject to approval from Canadian Securities Exchange. All securities issued will be subject to restriction period of four months and one day from issuance.

The company may pay finder's fee of up to 7% in cash to eligible finders and 7% in warrants. Each finder warrant will entitle the holder thereof to acquire one (1) common share in the capital of the company at a price of CAD 0.20 per share for a period of 24 months from the date of issue.