Vencanna Announces Resumption of Trading
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November 29, 2024 - Calgary, Alberta – TheNewswire - Vencanna Ventures Inc. (the "Company" or "Vencanna") (CSE:VENI) is pleased to announce the resumption of trading of the Company’s common shares on the Canadian Stock Exchange (“CSE”) commencing today under the ticker symbol “VENI”.
On October 25, 2024, the Alberta Securities Commission (“ASC”) issued a cease trade order (“CTO”) against the Company, for the Company’s failure to file its audited annual financial statements for the year ended April 30, 2024 and its interim financial report for the period ended July 31, 2024, along with the related management's discussions and requisite filings (collectively, the “Required Filings”). On November 25, 2024 the Company filed its Required Filings, and upon review, the ASC issued a revocation order for the CTO.
About Vencanna
On September 24, 2018, the Company completed a recapitalization financing, appointed a new management team and board of directors, and commenced trading on the CSE as an investment issuer. The transactions transitioned the Company from an oil and gas issuer to a merchant capital firm, and rebranded as "Vencanna Ventures".
On April 30, 2024 Vencanna acquired Cannavative, a cultivation and extraction company in the state of Nevada. Cannavative was established in 2016, and began operations in 2017. The acquisition of Cannavative transitioned the Company from a merchant capital firm to an operating company.
Vencanna is dedicated to offering investors a diversified, high-growth cannabis investment strategy, with a particular focus in the Unities States of America. It proposes to achieve this through strategic investments, grass roots developments, and acquisitions spanning the cannabis value chain.
For further information regarding this news release, please contact:
Vencanna Ventures Inc.
David McGorman
Chief Executive Officer and Director
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