Digicann Ventures Repurchases $14,218,000 of Convertible Debentures for $1,600,000 in Cash
The Transaction represents a buyback of over 93% of the Debentures currently outstanding on the Company’s balance sheet.
- The Transaction represents a buyback of over 93% of the Debentures currently outstanding on the Company’s balance sheet.
- With only $1,000,000 of the Debentures now remaining on the Company’s balance sheet, the Transaction significantly improves Digicann’s overall financial condition going forward.
- No consulting, broker or finder’s fees were paid or are to be paid in association with the Transaction.
- This news release does not constitute an offer to purchase or a solicitation of an offer to sell the Debentures or any other securities.