Digicann Ventures Announces Granting of Forbearance for Convertible Debenture Maturity Date

Rhea-AI Summary

Digicann Ventures announces forbearance of $1,000,000 convertible debentures until April 30, 2024.

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Digicann Ventures Ltd. (“Digicann” or the “Company”) (CSE: DCNN) (OTCPK: AGFAF), a company focused on opportunities within and outside of the cannabis industry, announces that a forbearance of the maturity date of the $1,000,000 remaining balance of the previously issued 10.00% Senior Unsecured Convertible Debentures has been granted by the holders until April 30, 2024.

About Digicann Ventures Inc.

Digicann Ventures Inc. is a company focused on opportunities within and outside of the cannabis industry. For more information about Digicann Ventures Inc. please visit www.digicann.io and its profile page on SEDAR at www.sedarplus.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Nick Kuzyk, CEO & Director
E: ir@digicann.io
T: (800) 783-6056

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan” “expect” “project” “intend” “believe” “anticipate” “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including but not limited to delays or uncertainties with regulatory approvals including that of the CSE. There are uncertainties inherent in forward-looking information including factors beyond the Company’s control. There are no assurances that the business plans for Digicann Ventures Inc. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators which are available at www.sedarplus.ca.

SOURCE: Digicann Ventures Inc.

FAQ

What is the ticker symbol for Digicann Ventures ?

The ticker symbol for Digicann Ventures is AGFAF.

What is the maturity date for the remaining balance of the convertible debentures?

The maturity date for the $1,000,000 remaining balance of the convertible debentures has been extended until April 30, 2024.

What is the interest rate on the convertible debentures?

The previously issued convertible debentures had an interest rate of 10.00%.