<SEC-DOCUMENT>0001702123-25-000002.txt : 20251104
<SEC-HEADER>0001702123-25-000002.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251104161030
ACCESSION NUMBER:		0001702123-25-000002
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506(b) provides a "safer harbor" for a private offering
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251104
EFFECTIVENESS DATE:		20251104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cardiol Therapeutics Inc.
		CENTRAL INDEX KEY:			0001702123
		STANDARD INDUSTRIAL CLASSIFICATION:	BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-563020
		FILM NUMBER:		251449114

	BUSINESS ADDRESS:	
		STREET 1:		602-2265 UPPER MIDDLE ROAD EAST
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6H 0G5
		BUSINESS PHONE:		289-910-0850

	MAIL ADDRESS:	
		STREET 1:		602-2265 UPPER MIDDLE ROAD EAST
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6H 0G5
</SEC-HEADER>
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        <entityName>Cardiol Therapeutics Inc.</entityName>
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            <street2>Suite 602</street2>
            <city>OAKVILLE</city>
            <stateOrCountry>A6</stateOrCountry>
            <stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
            <zipCode>L6H 0G5</zipCode>
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                <firstName>David</firstName>
                <lastName>Elsley</lastName>
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                <city>Oakville</city>
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                <stateOrCountryDescription>ONTARIO, CANADA</stateOrCountryDescription>
                <zipCode>L6H 0G5</zipCode>
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                <relationship>Director</relationship>
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                <firstName>Jennifer</firstName>
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                <firstName>Colin</firstName>
                <lastName>Stott</lastName>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Other</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
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            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2025-10-17</value>
            </dateOfFirstSale>
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        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
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        <typesOfSecuritiesOffered>
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            <isSecurityToBeAcquiredType>true</isSecurityToBeAcquiredType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Unit comprised of 1 common share and 1/2 of 1 common share purchase warrant. Each Warrant entitles the holder to purchase 1 additional Share at exercise price of $1.35 per Share for 24-month period from issuance date, subject to an acceleration provision.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
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        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>8471875</totalOfferingAmount>
            <totalAmountSold>760000</totalAmountSold>
            <totalRemaining>7711875</totalRemaining>
            <clarificationOfResponse>The additional $7,711,875 may be received upon the exercise of common share purchase warrants sold inside and outside the U.S.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>7</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
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        <useOfProceeds>
            <grossProceedsUsed>
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        </useOfProceeds>
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            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Cardiol Therapeutics Inc.</issuerName>
                <signatureName>/s/ Chris Waddick</signatureName>
                <nameOfSigner>Chris Waddick</nameOfSigner>
                <signatureTitle>Chief Financial Officer</signatureTitle>
                <signatureDate>2025-11-04</signatureDate>
            </signature>
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