On January 6, 2021, Lobe Sciences Ltd. (CNSX:LOBE) closed the transaction. The company has amended the terms of the transaction and issued 11,187,475 units for gross proceeds of CAD 1,118,747.50 in its second and final tranche bringing the total funds raised in the transaction to CAD 3,445,847.50. The company has issued a total of 34,458,475 units in the transaction. The transaction included participation from both existing and new strategic shareholders. As a part of the transaction no finders' fee is paid.