Global Cannabis Applications Corp. (CNSX:APP) announced a non brokered private placement of 8,400,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 420,000 on January 8, 2021. Each unit consists of one common share and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share for a period of two years from closing at an exercise price of CAD 0.10 per common share. All securities issued in connection are subject to a statutory hold period of four months from the date of issuance. The company paid finders' fees of CAD 18,000 and issued 360,000 finders' warrants in the transaction. Each finders' warrant bears the same terms as the warrants.