Excellence Cannabis SA announced that it has entered into an agreement for a private placement of 100,000 series B registered shares at an issue price of PLN 5 for total gross proceeds of PLN 500,000 on August 16, 2021. The transaction included participation from new investor Imperio Alternatywna Spolka Inwestycyjna S.A. for 7.14% stake in the company. The transaction was approved by the management board of the company.