good natured Products Inc. announced a private placement of 35,714,285 units at an issue price of CAD 0.14 per unit for gross proceeds of approximately CAD 4,999,999.9 on June 21, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price per warrant share of CAD 0.19 for a period of 30 months from the closing of the offering. Notably, an existing strategic investor, Mark Munford subscribed as the lead order in the offering, for total of 21,428,570 units and total gross proceeds of CAD 2,999,999.8, each warrant is exercisable until December 21, 2025. Insiders of the company prior to closing the offering, subscribed for a total of 779,000 units for total gross proceeds of CAD 109,060 under the offering. The agents received a cash commission of CAD 210,525 and 1,503,750 compensation options. Each compensation option shall entitle the holder thereof to acquire one common share of the company at the issue price for a period of 30 months from the date hereof. The company has also paid the agents a corporate finance fee of CAD 79,000, plus applicable taxes, and issued to the agents 567,679 corporate finance fee compensation options, to purchase an equal number of common shares at the issue price for a period of 30 months from the date hereof. The offering remains subject to a number of customary conditions, including the final approval of the TSX Venture Exchange. The company has received $281,389 (CAD 368,619.59) from 74 investors pursuant to exemption provided under Regulation D.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 80 placees including existing insider involvement of five insiders for 22,207,570 and pro group involvement of two pro groups for 528,500. The company has paid CAD 127,908.78 cash and 934,060 agent's warrants payable to Beacon Securities Ltd. CAD 126,466.50 cash and 918,508 agent's warrants to Integral Wealth Securities Ltd., CAD 12,284.50 cash and 95,875 agent's warrants PI Financial Corp., CAD 1,960 cash and 14,000 agent's warrants to Echelon Wealth Partners Inc., CAD 8,972.25 cash and 63,088 agent's warrants to Canaccord Genuity Corp., CAD 6,174 cash and 26,653 agent's warrants to Raymond James Ltd., CAD 2,449.30 cash and 12,495 agent's warrants to National Bank financial Inc., CAD 1,610 cash and 6,250 agent's warrants to Leede Jones Gable Inc., CAD 800.10 cash payable to Research Capital Corp., CAD 569.87cash and 501 agent's warrants to Aligned Capital Partners Inc., CAD 49.70 cash payable to Questrade Inc. and CAD 280 cash payable to Scotia Capital Inc. Each agent's warrant will be exercisable at a price of CAD 0.14 for one common share of the company for 30 months from the closing date of the offering.