Cannabitec Co., Ltd. announced a private placement of 9,500 common shares at a price of THB 100 per share for gross proceeds of THB 950,000 on October 19, 2021. The transaction included participation from returning investor Chaoprayamahanakorn Public Company Limited to increase its stake from 99.4% to 99.97%. The shares are issued at par value. The transaction has been approved in the board of directors meeting of the investor. Post the transaction, the registered capital of the company increased from THB 50,000 to THB 1,000,000.