VANCOUVER, BC — January 2, 2026 — Leads & Copy — StickIt Technologies Inc. (CSE: STKT) has amended the terms of its common share consolidation, effective January 7, 2026. The consolidation will occur on a basis of one post-consolidation share for every five pre-consolidation shares.
The record date for the consolidation is January 6, 2026. The company’s common shares will continue to trade on the CSE under the symbol “STKT”.
StickIt also announced an amendment to its post-consolidation private placement of not less than $700,000 and not more than $1,050,000 worth of units at $0.025 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable for three years from the date of issuance into one additional common share upon payment of $0.025. The warrants cannot be exercised until the Company completes a further consolidation of its share capital, whereby every two existing shares will be consolidated into one new share. Finder’s fees will be paid in cash and securities pursuant to CSE policies and regulations.
The company currently has 127,547,356 common shares issued and outstanding. Upon completion, the company would have 25,509,471 common shares issued and outstanding. Fractional shares remaining after the consolidation will be canceled, and shareholdings will be rounded down to the nearest whole number of post-consolidation common shares. Outstanding stock options will be adjusted by the consolidation ratio.
As stated in the company’s news release dated October 15, 2025, the consolidation aims to enhance the company’s flexibility and appeal to potential investors. The board of directors believes the consolidation is in the best interest of shareholders.
StickIt has been granted approval by the CSE to avoid seeking securityholder approval for the private placement, relying on exceptions in section 4.6(2)(b) of CSE Policy 4, as the company is in serious financial difficulty. No related person of the company will participate in the private placement.
StickIt’s primary assets include patents and patent applications related to plant extracts, therapeutic compounds in smoking utensils, and honey complexes. Patents have been granted in the USA, Europe, Israel, and Canada. The Extra-C stick utilizes a proprietary process, presenting condensed cannabis oil in a toothpick-like matrix for easy conversion of regular cigarettes into cannabis or hemp cigarettes.
StickIt operates from facilities in Dalton, Northern Israel, which are central to its research, development, and manufacturing. The company’s operating model involves establishing joint ventures in countries where recreational cannabis is permitted. Licensees/joint venture partners will establish production facilities, adding cannabis content to sticks produced and supplied by StickIt. StickIt will provide the know-how for manufacturing the finished product.
The licensee/joint venture partner will produce the finished product, adding cannabis to the raw materials provided by StickIt, and will sell them either directly to the points of sale or through distributors. The licensee is expected to pay a setup fee by investing the funds necessary to set up the local production facility. Each licensee will have exclusive rights to produce and market Stickit products in their designated territory.
Eli Ben-Haroosh, CEO
For further information, contact Mr. Eli Ban-Haroosh at info@stickit-labs.com
Source: StickIt Technologies Inc.
