On November 2, 2023, Earthworks Industries Inc. closed the transaction. The transaction included participation from David Russell, an insider of the company, has subscribed for 100,000 units under the Offering for aggregate gross proceeds of CAD 20,000. The offering remains subject to the final acceptance of the TSXV. The transaction included participation from 47 investor including three pro groups for 500,000 units, and one insider for 100,000 units.

On November 17, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.