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Digicann Ventures has announced an agreement to extend the maturity date for its 10.00% Senior Unsecured Convertible Debentures by twelve months to March 12, 2025. The Company satisfied the accrued interest by issuing common shares to the holders of the Debentures. This move aims to provide financial flexibility and address debt obligations within the cannabis industry.
Digicann Ventures ha annunciato un accordo per estendere la data di scadenza delle sue Debenture Convertibili Senior Non Garantite al 10,00% di dodici mesi, fino al 12 marzo 2025. La società ha soddisfatto gli interessi maturati emettendo azioni ordinarie ai detentori delle Debenture. Questa mossa mira a fornire flessibilità finanziaria e a gestire gli obblighi di debito all'interno dell'industria della cannabis.
Digicann Ventures ha anunciado un acuerdo para extender la fecha de vencimiento de sus Debentures Convertibles Senior No Aseguradas al 10.00% por doce meses hasta el 12 de marzo de 2025. La compañía ha satisfecho los intereses acumulados emitiendo acciones comunes a los tenedores de las Debentures. Este movimiento tiene como objetivo proporcionar flexibilidad financiera y abordar las obligaciones de deuda dentro de la industria del cannabis.
Digicann Ventures는 10.00% 무담보 선순위 전환사채의 만기일을 2025년 3월 12일까지 12개월 연장하는 계약을 발표했습니다. 회사는 사채 보유자에게 보통주를 발행하여 누적 이자를 충족시켰습니다. 이 조치는 금융 유연성을 제공하고 대마 산업 내의 부채 의무를 다루는 것을 목표로 합니다.
Digicann Ventures a annoncé un accord pour prolonger la date d'échéance de ses Débentures Convertibles Non Garanties Senior à 10,00% de douze mois jusqu'au 12 mars 2025. La société a satisfait les intérêts accumulés en émettant des actions ordinaires aux détenteurs des Débentures. Cette mesure vise à offrir une flexibilité financière et à gérer les obligations de dette au sein de l'industrie du cannabis.
Digicann Ventures hat eine Vereinbarung angekündigt, das Fälligkeitsdatum seiner 10,00% Senior Unsecured Convertible Debentures um zwölf Monate bis zum 12. März 2025 zu verlängern. Das Unternehmen hat die aufgelaufenen Zinsen durch die Ausgabe von Stammaktien an die Inhaber der Debentures beglichen. Dieser Schritt zielt darauf ab, finanzielle Flexibilität zu bieten und Schuldenverpflichtungen in der Cannabisindustrie zu bewältigen.
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VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Digicann Ventures Ltd. (“Digicann” or the “Company”) (CSE: DCNN) (OTCPK: AGFAD), a company focused on opportunities within and outside of the cannabis industry, announces that it has entered into an agreement with holders of the Company’s 10.00% Senior Unsecured Convertible Debentures (the “Debentures”) to amend the Debentures to extend the maturity date for an additional twelve months from March 12, 2024 to March 12, 2025. As previously announced on March 14, 2024, the holders of the Debentures granted the Company forbearance on the maturity of the Debentures until April 30, 2024.
The Company has satisfied the aggregate accrued interest on the Debentures that was due on March 12, 2024 by the issuance of 2,501,807 common shares in the capital of the Company on a pro rata basis to the holders of the Debentures. As a result, the total number of common shares issued and outstanding as of the date of this news release is 21,631,090.
On May 30, 2023, the Company announced an agreement to amend the Debentures to extend the maturity date for an additional twelve months from March 12, 2023 to March 12, 2024.
About Digicann Ventures Inc.
Digicann Ventures Inc. is a company focused on opportunities within and outside of the cannabis industry. For more information about Digicann Ventures Inc. please visit www.digicann.io and its profile page on SEDAR at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Nick Kuzyk, CEO & Director E: ir@digicann.io T: (800) 783-6056
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project,” “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward- looking statements including but not limited to delays or uncertainties with regulatory approvals including that of the CSE. There are uncertainties inherent in forward-looking information including factors beyond the Company’s control. There are no assurances that the business plans for Digicann Ventures Inc. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators which are available at www.sedarplus.ca .
SOURCE: Digicann Ventures Inc.
Digicann Ventures announced an agreement to extend the maturity date for its 10.00% Senior Unsecured Convertible Debentures by twelve months to March 12, 2025.
The maturity date was extended to March 12, 2025.
Digicann Ventures satisfied the accrued interest by issuing 2,501,807 common shares to the holders of the Debentures.
The total number of common shares issued and outstanding after the news release is 21,631,090.
