Franchise Cannabis Corp. announced a non-brokered private placement of 6,274,207 subscription receipts at a price of CAD 1.80 per share for gross proceeds of CAD 11,293,572.6 and 1,522,791 common shares at an issue price of CAD 1.80 per share for gross proceeds of CAD 2,741,023.8; for an aggregate gross proceeds of CAD 14,034,596.4 on October 14, 2021. The company may issue common shares in tranches.

No finder's fee or commission has been paid or is payable in the transaction.