VIVO Cannabis Inc. V.PDA

Primary Symbol: VVCIF

Healthcare Drug Manufacturers - Specialty & Generic

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company's operating segment includes Cannabis, Patient Clinics, and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical locations - Canada, Germany, and Australia.

OTCQB:VVCIF - Post by User

VIVO Cannabis Inc. > Don't give your shares away !! $ 8 million raised at $0.21

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Comment by 1hot-techwomanon Oct 28, 2021 2:20pm

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Post# 34060021

RE:Don't give your shares away !! $ 8 million raised at $0.21

1hot-techwoman wrote: Time to buy not sell at this level !!

ORONTO, Feb. 26, 2021 /CNW/ - VIVO Cannabis Inc. (TSX: VIVO) ("VIVO" or the "Company") announced today the closing of its previously announced overnight marketed public offering (the "Offering") of 38,333,334 units of the Company (each, a "Unit" and, collectively, the "Units") for aggregate gross proceeds of approximately $8 million, including the full exercise of the over-allotment option granted to the underwriters in connection with the Offering.

Each Unit was sold for $0.21 and was comprised of one common share of the Company (each, a "Common Share") and one half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share (a "Warrant Share") until February 26, 2024 at an exercise price of $0.26 per Warrant Share, subject to adjustment in certain events.

Management Commentary

"At the start of the third quarter of 2021, significant changes were made to the Board which subsequently has approved management's redefinition of the Company's strategy to fully leverage the efforts and investments that VIVO has made in the medical channels. In so doing, we expect that shareholders and clients alike will be pleased as our business becomes more focused on service and profitability. We will release another statement soon to outline these changes in more detail," said Ray Laflamme, Chief Executive Officer of VIVO Cannabis. "We have been rewarded in this past quarter with increased Australian sales, successful topical cream and brick hash product launches, and our first import permit from the German authorities. I expect that the third quarter will continue to reward those shareholders that have stayed the course."

I Think Ray Laflamme (CEO who has sold nothing) was given his shares at $1.27 for sale of Canna Farms has some good things coming for Q3 IMHO :)