Edmonton, May 28-30, 2023

Due to the numerous requests from LPs. Micro and Craft growers along with some of the largest cannabis retail stores in the nation, Grow Up has decided to bring our award winning show to Alberta. We will be hosting our 7th Conference and Expo at the Edmonton Convention Centre in beautiful downtown Edmonton.

Avicanna closes non-brokered private placement

Nov 11, 2022 | Grow Opportunity, Media Partners

This post is presented by our media partner Grow Opportunity
View the full article here.

(Globe Newswire) Toronto — Avicanna Inc., a commercial stage, international biopharmaceutical company focused on the development advancement, and commercialization of cannabinoid-based products, has closed a non-brokered private placement offering of 1,790,750 ‎‎units of the company at a price of $0.35 per unit for aggregate gross proceeds of approximately $626,762.50.

Each unit is comprised of one common share in the capital of the company and one-half of one common share purchase warrant of the company; and, each warrant shall entitle the holder thereof to acquire one common share in the capital of the company at an exercise price of $0.40 per share, subject to adjustment in certain events, until November 10, 2025.

The company has paid an aggregate total of approximately $13,649.83 in cash finders’ fees and issued an aggregate total of 39,000 finder’s warrants in connection with the offering to certain finders in connection with subscriptions for units made by purchasers introduced to the company by such finders. Each finder warrant entitles the holder thereof to acquire one common share in the capital of the company at an exercise price of $0.40 per share, subject to adjustment in certain events, until November 10, 2025.

The company intends to use the proceeds from the offering for general working capital purposes, general and administrative expenses, expenditures related to production and manufacturing, and research and clinical development.

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The unit shares and warrants, and any securities issuable upon conversion or exercise thereof, are subject to a four-month hold period under applicable ‎securities laws in Canada. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

This post was originally published by our media partner here.

Grow Up – September 11-13, 2022
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