New H2 Limited (" New H2 "), a wholly owned subsidiary of Health and Happiness (H&H) International Holdings Ltd, a Hong Kong Stock Exchange company (HK:1112), subscribed for CAD$4,000,000 worth of Units in the Private Placement pursuant to a previously disclosed investor rights agreement dated March 2, 2020 between the Company and New H2. In total, the Company received gross proceeds of approximately CAD$25.7 million from the closing of the Offering and Private Placement. The Offering was conducted on a bought deal basis by Canaccord Genuity Corp. and Haywood ‎Securities Inc. (collectively, the " Underwriters "). On closing, the Company issued to the Underwriters an aggregate ‎of 597,920 broker warrants (the " Broker Warrants "), each Broker Warrant entitling the holder to ‎purchase one Share at the price of CAD$2.25 per Share until October 6, 2022.