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Home Europe

BRIEF: Maricann Files Preliminary Prospectus for Special Warrant Offering

D.M.O. Newswire by D.M.O. Newswire
August 22, 2018
in Europe, Marijuana Stocks, Press Releases
BRIEF: Maricann Files Preliminary Prospectus for Special Warrant Offering
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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

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Tags: CSE:MARIlicensed producerMaricann Group Inc.OTC:MRRCFprivate placementwarrants

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DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observer™ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

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