On August 19, 2021, CordovaCann Corp. closed the transaction. The company raised a non-brokered private placement of 2,205,100 units at a price of CAD 0.30 per unit for gross proceeds of CAD 661,530. The insiders of the company subscribed for 325,000 units. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The company raised CAD 414744.0482 pursuant to Regulation D.