GreenSpace Brands Inc. announced that it has reached a tentative agreement with Pivot Financial Inc. to renew its current debt facilities with the company. Both the company and Pivot have tentatively agreed to renew the current Factor Facility and Term Loan arrangements for an additional year, subject to certain conditions being met by September 30, 2021. As part of the renewal, upon satisfaction of conditions, the current Factor Facility will be maintained. The Company and Pivot have agreed, subject to satisfaction of conditions, to increase the size of the Term Loan available to the company from its current $3,500,000 to $5,000,000. The additional proceeds of $1,500,000 within the Term Loan will be used for working capital, investments in innovation, geographic and channel expansion, and general corporate purposes. Furthermore, both parties have agreed that renewal fees of $100,000 will be paid to Pivot in the form of shares.