Cannagistics Inc. announced a private placement of a convertible promissory note for gross proceeds of $100,000 on August 23, 2021. The note will be issued at a discount of 50% on the principal amount of $200,000. The transaction will include participation from GW Holdings Group LLC. The note bears 0% interest, will mature on August 23, 2022, and is convertible into common shares of the company at a fixed conversion price of $0.01 per share. The company will have the right to prepay the note, along with accrued interest, prior to the maturity date subject to 3-day prior notice to the investor.