FINCANNA CAPITAL CORP - FNNZF STOCK NEWS

FinCanna Capital Corp. (OTCQB:FNNZF) announced the successful closing of its oversubscribed non-brokered private placement, raising $2,905,500, exceeding the initial target of $2 million. The offering consisted of 29,055,000 units, priced at $0.10 each, with each unit including a common share and a warrant exercisable at $0.20 for 24 months. The funds will support the 'manufacturing to retail' model of portfolio company QVI, Inc., along with working capital and corporate purposes. All securities are subject to a four-month hold period.

FinCanna Capital Corp. has increased its non-brokered private placement financing size from $2.0 million to $2.5 million due to higher demand. The company will issue up to 25,000,000 Units at a price of C$0.10 each, expected to close around April 28, 2022. Each unit consists of one common share and one warrant, exercisable at C$0.20 for 24 months. FinCanna plans to utilize the net proceeds for its new 'manufacturer to retail' revenue strategy and general corporate purposes. Regulatory approvals are pending, with a four-month hold on securities issued.

FinCanna Capital Corp. (OTCQB:FNNZF) reported significant progress from its investee, West County Brands (WCB), on April 20, 2022. WCB's distribution partner, Calyx Brands, is expanding its retail presence with new sales orders. The company is also exploring co-branding opportunities with major cannabis brands and ramping up production of its MYTHC Life™ products due to high demand. The U.S. cannabis market is expected to reach over $41 billion by 2025, indicating growing industry potential.

FinCanna Capital Corp. announced that its investee company, QVI Inc. (operating as West County Brands), has partnered with Royal Greens, a licensed delivery service based in Oakland, California. This collaboration aims to enhance distribution for the MYTHC Life™ brand and improve retail sales in underserved markets. Royal Greens services a 100-mile radius from Oakland and has over 20,000 active clients. This strategic move supports FinCanna's growth in the U.S. cannabis sector, which is projected to exceed $41 billion by 2025, with California holding a significant market share.

FinCanna Capital Corp. has reported strong demand for its investee company, QVI Inc., and its MYTHC Life™ branded products. The partnership with Cherry Kola Farms has led to a successful launch of live rosin products and flavored gummies in California, with plans for expanded distribution in 40 retail locations. QVI aims to increase production to meet growing market demand in a sector projected to reach over US$41 billion by 2025. CEO Andriyko Herchak expressed confidence in the business model and ongoing revenue growth.

FinCanna Capital Corp (CSE:CALI, OTCQB:FNNZF) announces an update on its Joint Venture with Cherry Kola Farms, aimed at boosting sales of premium live rosin products. With a 50/50 profit share, the collaboration has seen positive initial market reception, leading to sellouts and reorders across dispensaries. MYTHC Life, a new product line, is competitively priced at a 50% discount to rivals. The legal U.S. cannabis market is projected to hit $41 billion by 2025, with California representing about $8.2 billion. The venture is expected to drive substantial revenue growth.

FinCanna Capital Corp. plans to raise up to $2 million via a private placement to support its new revenue model. This will involve issuing up to 20 million units priced at C$0.10 each, with each unit consisting of a common share and a warrant. The company’s portfolio company, QVI Inc., is shifting focus to its own branded edibles under the name West County Brands, with products expected to disrupt the market by being priced up to 50% lower than competitors. Initial product rollouts are set for March 2022, facilitated by strategic partnerships and a joint venture with Cherry Kola Farms.