Cannabix Technologies announces Non-Brokered LIFE Private Placement

Core Viewpoint - Cannabix Technologies Inc. is conducting a non-brokered private placement to raise between C$1,000,000 and C$2,000,000 through the sale of units priced at C$0.47 each [1][2] Group 1: Offering Details - The offering consists of a minimum of 2,127,659 units and a maximum of 4,255,319 units, with each unit comprising one common share and one-half of a warrant [1][4] - The offering is scheduled to close on or about November 25, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [2] - The net proceeds will be allocated for manufacturing, inventory, product marketing, general and administrative expenses, and working capital [3] Group 2: Warrant and Acceleration Clause - Each whole warrant allows the purchase of one share at an exercise price of C$0.60 for 24 months from issuance [4] - An acceleration clause allows the company to shorten the expiry of the warrants if the share price exceeds C$0.75 for 10 consecutive trading days [5] Group 3: Insider Participation and Regulatory Compliance - Certain insiders may participate in the offering, which would be classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6] - The offering is available to purchasers in Canadian provinces, excluding Quebec, and will not be subject to a hold period under Canadian securities laws [7] Group 4: Finder's Fees - The company may pay finder's fees of up to 8% of the gross proceeds and issue finder's units equal to up to 10% of the units sold, with similar warrant terms as the offering [8] Group 5: Investor Rights - An existing investor holds a contractual participation right until May 15, 2026, but has waived this right for the current offering [9]