On July 12, 2024, Green Rise Foods Inc. closed the transaction. The company issued 500,000 Common Shares at an issue price of CAD 0.60 for the gross proceeds of CAD 600,000. The company announced that the transaction has been conditionally accepted for filing by the TSX Venture Exchange and TSX-V has granted permission to close.

The 500,000 common shares are subject to a four-month hold period such that no shares acquired in the private placement may be traded before November 13, 2024, without compliance with all applicable securities legislation. Furthermore, such shares, without prior written approval of the TSX-V, may not be sold, transferred, hypothecated, or otherwise traded on or through the facilities of the TSX-V or otherwise in Canada, or to or for the benefit of a Canadian resident, prior to November 13, 2024.