Kiaro Holdings Corp. Completes $3.75 Million Private Placement

October 28, 2021

Kiaro Holdings Corp. (TSXV: KO), an independent, omni-channel cannabis retailer and distributor with storefronts across British Columbia, Saskatchewan and Ontario, completed a brokered private placement of 3,759 debenture units at a price of $1,000 per debenture unit for gross proceeds of $ $3,759,000 (the “Offering”).

Research Capital Corporation acted as the lead agent and sole bookrunner, on behalf of a syndicate, including Canaccord Genuity Corp. (the “Agents”).

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team comprised of Jeff Hergott, Niall Sweeney, Natalie Tershakowec and Kassidy Doherty (corporate/securities).