CANADABIS ANNOUNCES UPSIZE OF CONVERTIBLE DEBENTURE FINANCING TO $4.5 MILLION

About this update from Canadabis Capital, Inc.

[{"type":"text","content":"\n\n\n\n CANADABIS ANNOUNCES UPSIZE OF CONVERTIBLE DEBENTURE FINANCING TO $4.5 MILLION\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /Not for distribution to U.S. news wire services or for dissemination in\n \n the United States\n \n ./\n \n\n\n CALGARY, AB\n \n ,\n \n March 27, 2025\n \n /CNW/ - CanadaBis Capital Inc. (\"\n \n CanadaBis\n \n \") (TSXV: CANB) is pleased to announce that, due to strong investor demand, the brokered private placement previously announced on\n \n March 12, 2025\n \n (the \"\n \n\n March 12\n \n Release\n \n \") has been increased to up to 4,500 unsecured convertible debentures (the \"\n \n Debentures\n \n \") at a price of\n \n $1,000\n \n per Debenture, for gross proceeds of up to\n \n $4.5 million\n \n (the \"\n \n Financing\n \n \"). Research Capital Corporation is acting as the sole agent and sole bookrunner (the \"\n \n Agent\n \n \").\n \n\n\n\n\n\n\n\n\n The Debentures shall bear interest at a rate of 11.0% per annum from the date of issue, payable quarterly in arrears. Interest shall be paid in cash or common shares of the Company (\"\n \n Common Shares\n \n \") at the Company's sole discretion. The Debentures will mature on the date that is 48 months from the closing of the Financing (\"\n \n Maturity Date\n \n \").\n \n\n The principal amount of each Debenture shall be convertible, at the option of the holder, for no additional consideration, into Common Shares of the following the date that is 4 months and 1 day from the date of issuance and prior to the Maturity Date at a Conversion Price equal to\n \n $0.10\n \n per Common Share (the \"\n \n Conversion Price\n \n \"), subject to customary adjustments. The Debentures will be repaid in cash at the Maturity Date.\n \n\n On and following the date that is five (5) months from the date of issuance of the Debentures, CanadaBis shall have the right to either partially or fully redeem the outstanding Debentures in cash at 105% of the outstanding principal amount of the Debenture at the time of redemption, plus accrued i...

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