Marani Brands, Inc. (OTCBB:MRIB) announced an equity line of common shares with Bodie Investment Group, LLC for gross proceeds of $7.5 million on February 1, 2010. The company will issue 4,500,000 common shares to the investor. The transaction will remain open for 24 months. The company will also issue two types of warrants in the transaction which will have a term period of five years. The company will issue warrants to purchase 4,000,000 common shares for a cashless exercise option in favour of the warrant holder and warrants to purchase 8,500,000 common shares at $0.04 per share. On February 1, 2012. Marani Brands, Inc. cancelled the transaction.