VIVO Cannabis Inc. VVCIF

$50 Million you say.......MMMMM ????

[srtman03]

VIVO Cannabis Announces Approval of $50 Million Base Shelf Prospectus Tuesday, October 6, 2020, 7:00 AM ET TORONTO, Oct. 6, 2020 /CNW/ - VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) ("VIVO" or the "Company") announces that it has filed a short form base shelf prospectus (the "Shelf Prospectus") with securities regulatory authorities in each province of Canada. The Shelf Prospectus will enable the Company to offer common shares, debt securities, convertible securities, subscription receipts, warrants, units or any combination thereof for aggregate gross proceeds of up to $50 million during the 25-month period the Shelf Prospectus is effective. If the Company proceeds with an offering of securities under the Shelf Prospectus, the specific terms, the proposed use of proceeds and other matters related to such offering will be set out in a prospectus supplement, which will be filed with all applicable Canadian securities regulatory authorities. The Company may also use the Shelf Prospectus in connection with an "at-the-market distribution" in accordance with applicable securities laws, which would permit securities to be sold on behalf of the Company through the Toronto Stock Exchange (or other applicable stock exchange) as further described in the applicable prospectus supplement. To date, no agreement has been entered into with respect to such a distribution