Digicann Ventures ( (TSE:DCNN) ) just unveiled an announcement.
Digicann Ventures Ltd. has announced a delay in its proposed reverse take-over by 3Win Corp. due to recent market volatility and depressed valuations in the cannabis sector. This postponement to the second half of 2025 aims to refine strategic objectives and strengthen operational readiness, potentially enhancing shareholder value and ensuring a favorable market reception. Both companies remain committed to the transaction, which requires significant shareholder and regulatory approvals. The delay is seen as a strategic move to better position the combined entity for long-term success.
More about Digicann Ventures
Digicann Ventures Ltd. is a company focused on opportunities within and outside of the cannabis industry. 3Win Corp., based in Arizona, is a global wholesale distributor of high-quality, research-backed CCELL® vape products serving the global cannabis and hemp markets. 3Win also offers customization services and packaging solutions to help brands differentiate themselves.
YTD Price Performance: -25.00%
Technical Sentiment Signal: Buy
Current Market Cap: $318.8K
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