Bevcanna Enterprises Inc. announced a non-brokered private placement of up to 833,333 common shares of the company at a price of CAD 0.60 per share for the gross proceeds of CAD 499,999.8 on July 4, 2024. The company has not engaged any dealers or finders in connection with the offering. While the company does not anticipate paying any finders' fees with respect to the offering, finders' fees may be payable to eligible arm's-length finders or dealers in the event a subscriber in the offering is introduced through an arm's-length finder who is eligible to receive a fee or commission in accordance with Canadian Securities Exchange policies and applicable securities laws.

All common shares issued in connection with the offering will be subject to a restricted period of four months and one day Closing of the offering is anticipated to be on or about July 12, 2024, in accordance with the policies of the CSE.