Vice Health and Wellness Inc. announced a non-brokered private placement to issue 1,900,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 95,000 on August 21, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share for CAD 0.075 for a period of two years from the issue date of such warrant.

All of the securities issuable in connection with the offering are subject to a hold period expiring four months and one day after the date of issuance. The company paid no finders' fees in connection with the transaction.