Cannabix Applied sciences pronounces Non-Brokered LIFE Personal Placement – Worldwide Dispatch

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Feb. 06, 2026 (GLOBE NEWSWIRE) — Cannabix Applied sciences Inc. (CSE: BLO) (the “Firm or Cannabix”) is happy to announce its intention to finish a non-brokered personal placement (the “Providing”) of a minimal of 1,000,000 and as much as 2,000,000 items (the “Models”) at a worth of CDN$0.50 per Unit for gross proceeds of a minimal of CDN$500,000 and as much as CDN$1,000,000. Every Unit will consist of 1 widespread share within the capital of the Firm (a “Share”) and one non-transferable widespread share buy warrant (a “Warrant”). Every complete Warrant can be exercisable to amass one Share at an train worth of CDN$0.65 per Share for a interval of 24 months from the date of issuance, topic to the next acceleration proper. If, at any time after the date of issuance of the Warrants, the closing worth of the Shares on the Canadian Securities Trade (or such different inventory change on which the Shares could also be traded sometimes) is at or above CDN$0.75 per Share for a interval of 10 consecutive buying and selling days (the “Triggering Occasion”), the Firm might, inside 5 days of the Triggering Occasion, speed up the expiry date of the Warrants by giving discover thereof to the holders of the Warrants, by the use of information launch, and in such case the Warrants will expire on the primary day that’s 30 calendar days after the date on which such discover is given by the Firm asserting the Triggering Occasion.

Sure insiders of the Firm might purchase Models within the Providing. Any participation by insiders within the Providing would represent a “associated get together transaction” as outlined below Multilateral Instrument 61-101 Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). All securities issued to insiders can be issued on the identical phrases and circumstances as these issued to arm’s‑size subscribers, and no insiders will obtain any preferential therapy or profit in reference to their participation. The Firm confirms that no proceeds of the Providing can be used to repay insider debt, pay compensation to insiders, or fund transactions involving insiders or their associates. The participation of insiders within the Providing is anticipated to be exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 because the honest market worth of the Models subscribed for by the insiders, nor the consideration for the Models paid by such insiders, would exceed 25% of the Firm’s market capitalization.

Cannabix plans to make use of the online proceeds of this financing to fund manufacturing stock and labour, common and administrative bills (together with investor relations) and unallocated working capital.

There may be an providing doc associated to the Providing that may be accessed below the Firm’s profile at www.sedarplus.ca and at cannabixtechnologies.com. Potential traders ought to learn this providing doc earlier than investing determination. The Providing is obtainable to purchasers resident in Canada, besides Quebec, the US or international locations apart from the US and Canada in reliance on the listed issuer financing exemption below Half 5A of Nationwide Instrument 45-106 Prospectus Exemptions (the “Listed Issuer Financing Exemption”). In accordance with the Listed Issuer Financing Exemption, Shares issued below the Providing is not going to be topic to resale restrictions pursuant to relevant Canadian securities legal guidelines.

An investor of the Firm holds a contractual participation proper till Might 15, 2026 in respect of future fairness financings by the Firm. The Firm has obtained an executed waiver from such investor indicating that they won’t train their participation proper in reference to the Providing.

This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities in the US, nor shall there be any sale of the securities in any jurisdiction by which such supply, solicitation or sale can be illegal. The securities being supplied haven’t been, nor will they be, registered below the US Securities Act of 1933, as amended (the “1933 Act”) or below any U.S. state securities legal guidelines, and might not be supplied or offered in the US absent registration or an relevant exemption from the registration necessities of the 1933 Act, as amended, and relevant state securities legal guidelines.

We search Protected Harbor.
On behalf of the Board of Administrators

“Rav Mlait”

CEO
Cannabix Applied sciences Inc.

For additional data, contact the Firm at information@cannabixtechnologies.com

The CSE has not reviewed and doesn’t settle for duty for the adequacy or accuracy of this launch.

Ahead-Wanting, Cautionary Statements

This press launch accommodates ahead trying statements inside the which means of relevant securities legal guidelines. The usage of any of the phrases “anticipate”, “plan”, “proceed”, “count on”, “estimate”, “goal”, “might”, “will”, “challenge”, “ought to”, “predict”, “potential” and related expressions are meant to establish ahead trying statements. Specifically, this press launch accommodates ahead trying statements regarding, with out limitation, statements regarding the Providing (together with with respect to the timing, investor demand, and shutting of the Providing, clearing any regulatory feedback with respect to the Providing, the anticipated proceeds of the Providing, and the Firm’s meant use of proceeds from the Providing). Though the Firm believes that the expectations and assumptions on which the forward-looking statements are primarily based are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm can’t give any assurance that they’ll show appropriate. Since ahead trying statements handle future occasions and circumstances, they contain inherent assumptions, dangers and uncertainties. Precise outcomes may differ materially from these at present anticipated because of a lot of assumptions, elements and dangers. These assumptions and dangers embrace, however will not be restricted to, assumptions and dangers related to analysis, growth and commercialization dangers of its merchandise; regulatory dangers governing requirements and use of our merchandise; product legal responsibility; and future financing dangers.

Administration has offered the above abstract of dangers and assumptions associated to ahead trying statements on this press launch with the intention to present readers with a extra complete perspective on the Firm’s future operations. The Firm’s precise outcomes, efficiency or achievement may differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance may be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages the Firm will derive from them. These forward-looking statements are made as of the date of this press launch, and, apart from as required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace publicly any forward-looking statements, whether or not on account of new data, future occasions or outcomes or in any other case.