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Avicanna Announces Overnight Marketed Public Offering of Units
Avicanna Announces Overnight Marketed Public Offering of Units Canada NewsWire ...
About this update from Avicanna Inc
[{"type":"text","content":"\n \n \n \n Avicanna Announces Overnight Marketed Public Offering of Units\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Nov. 12, 2020\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAWS/\n \n \n \n TORONTO\n \n ,\n \n Nov. 12, 2020\n \n /CNW/ - Avicanna Inc. (\"\n \n Avicanna\n \n \", or the \"\n \n Company\n \n \") (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) is pleased to announce that it has filed and has been receipted for a preliminary short form prospectus with the securities commissions in\n \n Alberta\n \n ,\n \n British Columbia\n \n ,\n \n Manitoba\n \n ,\n \n Ontario\n \n and\n \n Saskatchewan\n \n (the \"\n \n Canadian Jurisdictions\n \n \") in connection with a marketed public offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company.\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share of the Company (each a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each full warrant, a \"\n \n Warrant\n \n \" and collectively the \"\n \n Warrants\n \n \"). Each Warrant will be exercisable for one Common Share (each a \"\n \n Warrant Share\n \n \") at any time for a period of 24 months following closing of the Offering. Final pricing of the Units, the Warrant exercise price and the determination of the number of Units to be sold pursuant to the Offering will be determined in the context of the market prior to the filing of the final short form prospectus in respect of the Offering. The Offering will be conducted on a \"best efforts\" basis by a syndicate of agents led by Echelon Wealth Partners Inc., as lead agent and sole-bookrunner, and including Beacon Securities Limited and Canaccord Genuity Corp. (collectively, the \"\n \n Agents\n \n \").\n \n \n The Company has granted the Agents an option, exercisabl...