Vitality CBD Natural Health Products Inc. announced a private placement of a senior secured convertible note for aggregate gross proceeds of $3,000,000 on February 19, 2019. The notes will bear 10% interest rate payable monthly in cash or stock. The notes will be converted into common shares at a price of CAD 0.74 ($0.75522) per share. The company also issued warrants to purchase 3,000,000 common shares at a price of $1 each. The transaction included participation from institutional investors. The company received a net proceeds of $2,481,000 in the transaction.