Trusted Brand 2016 Inc. announced a non-brokered private placement of 7,804,330 units at a price of CAD 0.20 per unit for gross proceeds of CAD 1,560,866 on November 18, 2020. Each unit is comprised of one share and one share purchase warrant entitling the holder to purchase one additional share at a price of CAD 0.30 per share for a period of three years following the date of closing.