Digicann Ventures Secures Extended Maturity for Debentures

Author: Olivia Taylor Updated: 03-11-2025 05:00 PM

Digicann Ventures Announces Extension of Debentures' Maturity Date

In a significant move, Digicann Ventures Ltd. (CNSX: DCNN, OTC Markets: AGFAD), a company dedicated to exploring opportunities within and beyond the cannabis sector, has reached an agreement with the holders of its 10.00% Senior Unsecured Convertible Debentures. This agreement entails extending the maturity date of these Debentures by an additional year, changing the end date from March 12, 2025, to March 12, 2026.

Details of the Agreement

As part of this agreement, Digicann Ventures has fulfilled the accrued interest obligations on the Debentures due on March 12, 2025, by issuing 1,000,000 common shares to the holders. This move is seen as a proactive step to strengthen the company’s financial positioning.

With the issuance of these shares, the total number of common shares outstanding has increased to 23,055,294. This adjustment reflects the company's commitment to maintaining investor confidence while navigating the evolving landscape of the cannabis industry.

Recent Developments

Earlier in 2024, the company had already announced a previous extension of the Debentures’ maturity date from March 12, 2024, to March 12, 2025. This pattern of extending maturity dates indicates a strategic approach in managing financial obligations, ensuring the company can continue pursuing growth and innovative opportunities.

Insights into Digicann Ventures

Digicann Ventures Inc. is recognized for its focus on identifying and leveraging opportunities within the cannabis market while also exploring avenues outside of it. The company aims to provide shareholders with robust investment returns through diligent management and strategic initiatives.

Company Mission and Vision

The primary mission of Digicann is to navigate the cannabis industry's complexities and capitalize on emerging trends. By extending the maturity of its convertible debentures, the company fosters an environment of stability and reliability that can attract potential investors and partners.

Looking Ahead

As the cannabis sector continues to evolve, companies like Digicann Ventures are positioned to adapt and thrive amidst regulatory changes and market dynamics. Investors can look forward to further advancements as the company works diligently to enhance shareholder value and expand its influence in the market.

Contact Information

For more information about Digicann Ventures Inc., interested parties can visit their official website or contact the company directly. Nick Kuzyk, the CEO, is available for inquiries via email at ir@digicann.io or by phone at (800) 783-6056.

Frequently Asked Questions

What recent agreement has Digicann Ventures entered into?

Digicann Ventures has entered into an agreement to extend the maturity date of its convertible debentures by one year, until March 12, 2026.

How has the company satisfied its interest obligations?

The company satisfied these obligations by issuing 1,000,000 common shares to holders of the Debentures.

How many common shares are now outstanding for Digicann?

With the recent issuance, the total number of common shares outstanding is now 23,055,294.

What is the primary focus of Digicann Ventures?

Digicann Ventures focuses on opportunities within the cannabis industry while also exploring potential ventures outside this sector.

Who can be contacted for more information?

Nick Kuzyk, CEO of Digicann Ventures, can be contacted via email at ir@digicann.io or by phone at (800) 783-6056.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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