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Benzinga
Benzinga
Business
Nina Zdinjak

Avicanna Raises $1.48M Via Offering Lead By Psychedelic Company

Avicanna Inc. (TSX:AVCN) (OTCQX:AVCNF) (FSE: 0NN) has closed a strategic non-brokered private placement offering of 4.21 million units of the company at a price of $0.35 per unit for aggregate gross proceeds of approximately $1.48 million.

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. Each warrant shall entitle the holder thereof to acquire one share at an exercise price of $0.40 per share, subject to adjustment in certain events, for a period of 36 months.

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