BRIEF: Maricann Files Preliminary Prospectus for Special Warrant Offering

Toronto, ON — August 22, 2018 — /D.M.O. Newswire/ — Maricann Group Inc. (CSE:MARI) (OTC:MRRCF) (FRA:75M) filed its preliminary prospectus in connection with its previously announced private placement of special warrants for gross proceeds of $37.4 million CAD.

Here’s What You Need to Know

• Maricann Group under the direction of the special committee of the board of directors has discussed various potential strategic transactions.
• In the course of these discussions, Maricann Group “has received proposals from potential interested parties and certain of these parties have conducted due diligence.”
• Maricann has not received any proposals respecting potential strategic transactions that it has determined to be acceptable and it is not currently in active discussions concerning any potential strategic transactions.
• As the company continues to “monitor industry developments,” it will be exploring more opportunities in the European cannabis space.

Read the full press release: http://globenewswire.com/news-release/2018/08/22/1555061/0/en/Maricann-Announces-Filing-of-Preliminary-Prospectus-in-connection-with-Special-Warrant-Offering.html