Yellow Stem Tech Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 1 million on May 15, 2023. Each unit will be comprised of one common share and one-half of one common share purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of CAD 0.25 per share for a period of 24 months from closing. The Company may pay finders' fees of up to 8% in cash and 8% in half warrants for subscriptions attributable to finders.

Finders' warrants will be valid for a period of two years with each warrant exercisable on the same terms as the warrants sold under the financing.