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Avicanna secures $500,000 through a strategic non-brokered private placement, offering 3,333,334 units at $0.15 each. This investment aims to support international commercialization and pharmaceutical partnerships.

PRIVATEAug 19, 2026about 4 hours ago

Amount Raised

$500,000

Round Type

Seed

TorontoHealthcareHealth Care

Investors

Michael Porter

Description

Avicanna Inc. has announced the closing of a strategic non-brokered private placement. The offering raised aggregate gross proceeds of $500,000, comprising 3,333,334 units priced at $0.15 each. Each unit includes a common share and a warrant for future share purchases

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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