Simply Better Brands Corp. announced that it has received CAD 7 million in funding from VRG Capital Corp. and other investors

On February 22, 2023,  Simply Better Brands Corp., closed the transaction. The company received CAD 1,995,000 in its second and final tranche closing. The transaction included participation from returning investor SOL Global Investments Corp.

for 3,300,000 units of at a price of CAD 0.25 per unit in the transaction. The company issued a total of 7,980,000 units at a price of CAD 0.25. J. R. Kingsley Ward of VRG Capital Corp.

will join the board of directors as a part of the transaction. The company paid finders fees of CAD 118,300 and 445,200 non-transferable finder's warrants in connection with second tranche. Each finder's warrant may be exercised to acquire one unit at a price of CAD 0.25 per unit until February 21, 2025.