ThreeD Capital Acquires Additional Shares in Avicanna

Deal News | Mar 22, 2025 | Globenewswire

ThreeD Capital Acquires Additional Shares in Avicanna

ThreeD Capital Inc. has issued an early warning report following recent acquisitions of Avicanna Inc. securities. A venture capital firm operating out of Toronto, ThreeD conducted a series of transactions to acquire 106,000 common shares of Avicanna Inc., increasing its stake marginally to approximately 17.4%, with an option for further partial dilution raising their potential stake to around 19.1%. The acquisitions, executed on the Toronto Stock Exchange, cost $37,400. ThreeD's investment strategy focuses on early-stage opportunities across junior resources and disruptive technology sectors, reflecting this buy as an affirmation of market conditions and strategic positioning. ThreeD, alongside Sheldon Inwentash, known as a Joint Actor, now controls a significant portion of Avicanna's common shares. The acquired shares underscore ThreeD's commitment to augmenting its investment in Avicanna, with possible future adjustments based on evolving market dynamics.

Sectors

  • Venture Capital
  • Technology
  • Healthcare

Geography

  • Canada – ThreeD Capital Inc. is a Canadian-based firm, with activities and transactions taking place within Canadian markets such as the Toronto Stock Exchange.

Industry

  • Venture Capital – ThreeD Capital is involved in venture capital investments, strategically targeting companies in emerging industries such as junior resources and disruptive technologies.
  • Technology – The article mentions disruptive technologies as a focus area for ThreeD Capital's investments, indicating a commitment to investing in innovative tech sectors.
  • Healthcare – Avicanna Inc., as a target company, is involved in the healthcare industry, dealing with cannabis-based health solutions.

Financials

  • $37,400 – Total consideration for acquiring 106,000 common shares of Avicanna Inc. at approximately $0.353 per share.

Participants

NameRoleTypeDescription
ThreeD Capital Inc.AcquirerCompanyA Canadian venture capital firm focused on investments in junior resource and disruptive technology sectors.
Avicanna Inc.Target CompanyCompanyA company specializing in cannabis-based pharmaceutical and consumer products.
Sheldon InwentashInvestorPersonA Joint Actor with ThreeD Capital, involved in the acquisition and investment strategy.