On December 14, 2015, Global Gardens Group Inc. (CNSX:VGM) closed the transaction. The company issued 2,511,880 for gross proceeds of CAD 627,970. The warrants issued in this tranche are exercisable until December 14, 2020.

The company paid finders' fee of CAD 52,300 and 206,000 finders' warrants exercisable at CAD 0.40 per share to acquire one share until December 14, 2017. The company also incurred share issue expenses of CAD 8,212.