On May 24, 2023, Coho Collective Kitchens Inc. closed the transaction. The transaction included participation from new investor Wevers Holdings Ltd. who acquired 1,650 Convertible Debentures, pursuant to a non- brokered private placement of Convertible Debentures of the Company. Each Convertible Debenture has a price of CAD 1,000 resulting in an aggregate purchase price of CAD 1,650,000. 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. The principal amount of each Convertible Debenture will be convertible into common shares of the Company at a price of CAD 0.15 per Common Share at the option of the holder of a Convertible Debenture at any time prior to the close of business on the Maturity Date.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee.