Cannabix Technologies Closes Non-Brokered Private Placement

Core Viewpoint - Cannabix Technologies Inc. has successfully closed a non-brokered private placement financing, raising a total of CDN$700,000 through the issuance of 1,400,000 units at CDN$0.50 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one non-transferable common share purchase warrant, with the warrants exercisable at CDN$0.65 for 24 months [1] - The company may accelerate the expiry of the warrants if the share price exceeds CDN$0.75 for 10 consecutive trading days [1] - The net proceeds from the offering will be used for manufacturing inventory, labor, general and administrative expenses, and unallocated working capital [2] Group 2: Regulatory Compliance - The offering was conducted under the Listed Issuer Financing Exemption, allowing units to be sold to Canadian residents (excluding Quebec) without resale restrictions [3] - An offering document dated February 6, 2026, is available on SEDAR+ and the company's website, providing additional details about the offering [4] Group 3: Insider Participation - The CEO acquired 126,000 units in the offering, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [5] - The company plans to file a material change report related to the offering, which is necessary for expeditious completion [5] Group 4: Finder's Fees - The company paid CDN$7,360 in cash as finder's fees and issued 14,720 finder's warrants, each allowing the holder to acquire one share at CDN$0.65 for 24 months [6] Group 5: Investor Rights - An investor holds a contractual participation right until May 15, 2026, but has waived this right in connection with the offering [7]