Digicann Ventures Ltd. (CSE: DCNN) (OTCPK: AGFAF) signed a definitive agreement for a reverse takeover by 3Win Corp., finalizing a deal first proposed in early August.
3Win would emerge as the controlling entity, with its shareholders holding about 97.3% of the resulting issuer’s common shares, according to the agreement. The deal structure involves a three-cornered merger, with 3Win becoming a wholly owned subsidiary of Digicann.
3Win distributes CCELL vape products to the cannabis and hemp industries. Its Canadian subsidiary also holds licenses for cannabis cultivation and export, as well as for handling psilocybin and psilocin.
Before closing the RTO deal, Digicann plans to consolidate its shares on a 98-to-1 basis, valuing pre-consolidation shares at 5 Canadian cents each. As of early August, Digicann had 22.1 million common shares outstanding.
Nicholas Kuzyk, who currently serves as CEO of Digicann and chief strategy officer…
