Maple Leaf Green World Inc. announced non-brokered private placement offering of unsecured convertible debenture units with a strategic private investor to raise CAD 25 million with the first tranche of CAD 5 million on December 16, 2021. The first tranche yields a 10% yearly interest for 2 years with the option to convert to the company's common stock at CAD 0.08 per share. Each unit of debenture will entitle for a common share purchase warrant at CAD 0.10 per share.

All shares converted from the debenture and warrant exercise are subject to the holding period defined by the Canadian Securities Exchange. All terms of convertible debenture are subject to Canadian Securities Exchange's approval.