Global Cannabis Applications Corp. announced a non-brokered private placement of 2,250,000 units at a price of CAD 0.04 per unit for gross proceeds of CAD 90,000 on August 15, 2022. Each unit consists of a share and one share purchase warrant, whereby each warrant entitles the holder to purchase one additional share for a period of 2 years from closing at an exercise price of CAD 0.05 per share.

Securities issued are subject to a statutory hold period expiring four months and one day from the date of issuance of the securities, expiring on December 16, 2022.