ThreeD Capital increases stake in Avicanna Inc. to 17.4%

ThreeD Capital Inc. has announced the purchase of additional shares in Avicanna Inc. in a recent report. The company, based in Canada, specializes in venture capital investments, particularly in junior resources and disruptive technologies. Recently, ThreeD acquired 106,000 common shares of Avicanna. This acquisition increased their total ownership to approximately 17.4% of all outstanding shares of Avicanna. Prior to this, ThreeD and its associate, Sheldon Inwentash, together held about 17.3% of the shares. As of now, ThreeD holds 13,093,800 common shares and a significant number of stock options and warrants. Their total ownership also includes shares held by Inwentash. The recent purchase cost ThreeD roughly $37,400, averaging about $0.353 per share. ThreeD Capital may alter its stake in Avicanna depending on market conditions and other factors. The firm aims to invest in early-stage companies across various sectors and often provides advisory support to its investments. For further inquiries, Matthew Davis from ThreeD Capital is available for contact.