Healthy Extracts Inc. announced that it has entered into a securities purchase agreement for a private placement of Promissory Note for gross proceeds of $300,000 on March 20, 2023. The transaction includes participation from single investor. The notes contained an original issue discount of 10% that is $30,000, the principal amount is $330,000.

The notes bears interest at a rate of 10% per annum, and will mature on September 17, 2024. The company will also issue common stock purchase warrant to acquire 3,300,000 common shares exercisable for three years at an exercise price of $0.05 per share, and contain a cashless exercise option for the holder.