Bienstar Wellness announced that it will raise $500,000 in an equity round of funding on December 1, 2021. The company entered into The Strategic Investment Agreement with the new investor Novamind Inc. for $500,000. On post completion, Novamind Inc. (OTCPK:NVMD.F) will acquire 8.33% stake on a fully diluted basis of the company.

The company intended to raise $1,250,000 in the transaction.