Toronto, Ontario — December 18, 2025 — Leads & Copy — ThreeD Capital Inc. (CSE:IDK / OTCQX:IDKFF), a Canadian venture capital firm, announced it has disposed of 1,130,000 common shares of Avicanna Inc. (AVCN) through a series of transactions.
The transactions, which concluded in recent weeks, resulted in ThreeD relinquishing ownership and control of the Subject Shares, representing approximately 1.0% of Avicanna’s issued and outstanding common shares.
The disposal has led to a decrease of over 2% in the percentage ownership held by ThreeD and Sheldon Inwentash, the Joint Actor, on a partially diluted basis, compared to the last early warning report filed.
Before the Dispositions, ThreeD and the Joint Actor held an aggregate of 18,276,757 common shares, 1,441,250 common share purchase warrants, and 50,000 stock options of Avicanna, representing approximately 15.5% of all issued and outstanding common shares (or approximately 16.6% on a partially diluted basis, assuming exercise of the warrants and options held).
ThreeD’s holdings within that aggregate consisted of 12,182,800 common shares and 1,298,750 common share purchase warrants, representing approximately 10.3% of Avicanna’s issued and outstanding common shares (or approximately 11.3% on a partially diluted basis, assuming exercise of the warrants held).
The Joint Actor’s holdings consisted of 6,093,957 common shares, 142,500 common share purchase warrants, and 50,000 stock options of Avicanna, representing approximately 5.2% of the issued and outstanding shares (or approximately 5.3% on a partially diluted basis, assuming exercise of the warrants and options held).
Following the Dispositions, ThreeD and the Joint Actor now own and control an aggregate of 17,146,757 common shares, 1,441,250 common share purchase warrants, and 50,000 stock options of Avicanna, representing approximately 14.6% of all issued and outstanding common shares (or approximately 15.6% on a partially diluted basis, assuming exercise of the warrants and options held).
Of this total, ThreeD holds 11,052,800 common shares and 1,298,750 common share purchase warrants, representing approximately 9.4% of the issued and outstanding common shares of AVCN (or approximately 10.4% on a partially diluted basis assuming the exercise of the warrants held).
The Joint Actor holds 6,093,957 common shares, 142,500 common share purchase warrants, and 50,000 stock options, representing 5.2% of the issued and outstanding common shares of AVCN (or approximately 5.3% on a partially diluted basis, assuming exercise of the warrants and options held).
ThreeD and the Joint Actor manage their securities holdings in Avicanna for investment purposes and may increase or decrease their investments at any time, depending on market conditions or other relevant factors.
The Subject Shares were disposed of through the Toronto Stock Exchange for total consideration of $268,667, or approximately $0.238 per Subject Share.
ThreeD Capital Inc. is a publicly-traded Canadian venture capital firm that focuses on investments in junior resources and disruptive technologies sectors. The firm invests in early-stage companies, providing advisory services and access to its ecosystem.
Matthew Davis, CPA
Chief Financial Officer and Corporate Secretary
davis@threedcap.com
Phone: 416-941-8900
Source: ThreeD Capital Inc.
