Cannus Partners, Inc. announced that it has issued 13,139 units at a price of CAD 1,000 per unit for aggregate gross proceeds of CAD 13,139,000 in a round of funding on May 8, 2019. Each unit consists of one convertible debenture and: in the case of non- U.S. subscribers, 820 common share purchase warrants or, (ii) in the case of U.S. subscribers, 8.2 series A compressed share purchase warrants. Each convertible debenture bears interest at a rate of 6.0% per annum. the principal amount of each Convertible Debenture held by a non-U.S. subscriber shall automatically convert into common shares at a price of CAD 0.61 per common share and the principal amount of each convertible debenture held by a U.S. subscriber shall automatically convert into Series A compressed shares at a price of CAD 61 per Series A share. Each warrant is exercisable into one share and each Series A share warrant is exercisable into one Series A share, until May 3, 2021 at an exercise price of CAD 0.79 per common share and CAD 79 per Series A share. The transaction is subject to a number of conditions, including but not limited to, the requisite shareholder approvals, the acceptance by the TSX venture exchange.