On December 2, 2020, Canadian International Pharma Corp. (TSXV:CIP.H) closed the transaction. The company has issued 6,250,000 subscription receipts for gross proceeds of CAD 656,250 in the transaction. An insider acquired 370,000 subscription receipts in the transaction. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 10 placees including insider or pro group participation from Ron Schmitz, director of the company for 265,000 subscription receipts and RAS Capital Corp. for 105,000 subscription receipts.