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Avicanna Closes Non-Brokered Private Placement

Aug 28, 2024•almost 2 years ago

Contract Type

partnership

TorontoHealthcareHealth Care

Description

Avicanna Inc. has closed a non-brokered private placement offering of 6,620,692 units at a price of $0.30 per unit, resulting in aggregate gross proceeds of $1,986,207. The company intends to use the proceeds for general working capital purposes, general and administrative expenses, expenditures related to production and manufacturing, and research and clinical development, as well as repayment of debt.

Company Information

Company

Avicanna

Location

480 UNIVERSITY AVENUE

Toronto, Ontario, Canada

About

Avicanna is a commercial-stage international biopharmaceutical company focused on the advancement and commercialization of cannabinoid-based products and formulations for the global medical and pharmaceutical market segments. Avicanna has an established scientific platform including R&D and clinical development leading to the commercialization of more than thirty proprietary, evidence-based finished products and supporting four commercial stage business pillars.

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