Cannagistics Inc. announced that it has entered into a securities purchase agreement for a private placement of a 0% convertible secured promissory note for gross proceeds of $75,000, on August 10, 2021. The transaction will include participation from GS Capital Partners LLC. The notes was issued at an issue discount of $75,000 on a principal amount of $150,000. The note bears an interest rate of 0% per annum and will mature on August 10, 2022. The notes are convertible at a conversion price of $0.01 per share.