BevCanna Enterprises Inc. announced a non-brokered private placement of up to 1,136,363 common shares at an issue price of CAD 0.88 per Common Share for aggregate gross proceeds of up to of CAD 999,999.44 on May 13, 2024. The Company has not engaged any dealers or finders in connection with the Offering. While the Company does not anticipate paying any finder?s fees with respect to the Offering, finder?s fees may be payable to eligible arms-length finders or dealers in the event a subscriber in the Offering is introduced through an arm?s length finder who is eligible to receive a fee or commission in accordance with CSE policies and applicable securities laws.

All Common Shares issued in connection with the Offering will be subject to a restricted period of four months and one day. Closing of the Offering and shares for debt arrangement is anticipated to be on or about May 20, 2024 in accordance with the policies of the Canadian Securities Exchange.