Avicanna Inc. (OTCQX: AVCNF) (TSX:AVCN) (FSE:0NN) has closed a non-brokered private placement offering of 1.8 million ‎‎units of the company at a price of $0.35 per unit for aggregate gross proceeds of approximately $626,762. Each unit is comprised of one common share in the capital of the company and one-half of one common share purchase warrant of the company and, each warrant shall entitle the holder thereof to acquire one common share in the capital of the company at an exercise price of $0.40 per share, subject to adjustment in certain events, until November 10, 2025.

The company …

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