On July 18, 2023, BioHarvest Sciences Inc. closed the transaction. The company issued convertible notes for an aggregate principal amount of CAD 4,642,075.50. The company has paid finder's fees of CAD 41,282.20 to finders.

The securities to be issued in the transaction are subject to a hold period of four months and one day from the date of issuance pursuant to applicable Canadian securities laws and rules of the Canadian Securities Exchange.