Cannabis
Early Warning News Release
2852138 Ontario Inc. Acquisition of Securities of FinCanna Capital Corp.
Toronto, Ontario–(Newsfile Corp. – December 30, 2022) – Bob Simpson, indirectly through 2852138 Ontario Inc. (“285 Ont“) announces the acquisition of 484,006 common shares (“Shares“) and 877,500 convertible debentures (“Debentures“) of FinCanna Capital Corp. (“FinCanna” or the “Company“) at an aggregate price of $23. Each Debenture is conditionally convertible into one (1) Share of the Company at a conversion price of $0.005 per Share. Before the acquisition, 285 Ont owned, nil Shares and nil Debentures of the Company.
After the acquisition, 285 Ont owns 484,006 Shares representing approximately 0.716% of FinCanna’s outstanding Shares, representing an increase of approximately 0.716% of the Shares held by 285 Ont. Upon conditional conversion of the principal amount of the acquired 877,500 Debentures, at a conditional conversion price of $0.005 per Share, 285 Ont would own an additional 175,500,000 Shares, representing approximately 72.383% of FinCanna’s outstanding common shares on a conditionally partially converted basis, representing an increase of approximately 72.383% on a conditionally partially converted basis of the Shares held by 285 Ont.
The Shares and Debentures were acquired by 285 Ont for investment and tax planning purposes. 285 Ont may in the future dispose of some or all of the securities 285 Ont holds, depending on market conditions, tax considerations, reformulation of plans or other factors.
For more information or to obtain a copy of the early warning reports filed under National Instrument 62-103, please contact:
2852138 Ontario Inc.
Attention: Bob Simpson
Phone: 1-905-502-0100
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/149913
Cannabis
Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care
Cannabis
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
Cannabis
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
-
transfer1 week ago
IMC to transfer its Oranim Pharmacy shares back to the seller
-
Cannabis1 week ago
Right on Brands Announces Major Product Line Expansion via HONEY® Brands
-
Cannabis6 days ago
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
-
Cannabis1 week ago
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
-
CCELL®1 week ago
CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer
-
Innocan3 days ago
Innocan Pharma Initiates FDA Approval Process for Liposome Injection Therapy for Chronic Pain
-
Curaleaf3 days ago
Curaleaf Completes Acquisition of Northern Green Canada
-
Cannabis2 days ago
Cannabis Capsule Global Analysis Report 2024: Market to Reach $79.2 Billion in 2028 – Forecast to 2033 Featuring GW Pharmaceuticals, Trulieve Cannabis, Green Thumb Industries, Tilray, Columbia Care