Target Group Inc. (OTCPK:CBDY) announced a private placement of 44,216,664 shares at a price of CAD 0.03 per share for an aggregate offering price of CAD 1,326,499 and common Stock purchase warrants to purchase up to an aggregate of 44,216,664 shares. The term of the warrants is 24 months with an exercise price of CAD 0.075 per share for gross proceeds of on December 31, 2020. The shares were issued pursuant to the exemption from registration under Regulation S adopted under the Securities Act of 1933.