Coho Collective Kitchens Inc. announced non-brokered private placement of 1,650 convertible debentures price of CAD 1,000 per debenture for the gross proceeds of CAD 1,650,000 on May 9, 2023. Each convertible debenture will bear interest at a rate of 8% per annum, calculated and payable semi-annually in arrears, with the first payment beginning on June 30, 2023. The convertible debentures will mature on March 31, 2026.

At the election of the company, all interest accrued on the convertible debentures will be payable in cash. The principal amount of each convertible debenture will be convertible into common shares at a price of CAD 0.15 per common share at the option of the holder at any time prior to the close of business on the maturity date. The closing of the transaction remains subject to receipt of TSXV approval and all other necessary regulatory approvals.