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EDMONTON, AB, May 4, 2021
/CNW/ - Alcanna Inc. (the "Company" or
"Alcanna") (TSX: CLIQ) announced today that it has completed
the previously announced redemption of its outstanding 4.70%
convertible unsecured subordinated debentures due January 31, 2022, which are listed for trading on
the Toronto Stock Exchange under the symbol "CLIQ.DB" (the
"Debentures").
The redemption terms were in accordance with the provisions of
the trust indenture governing the Debentures, as follows:
Redemption
Date:
|
May 4,
2021
|
Redemption
Price:
|
$1,000 per $1,000
principal amount
|
Accrued and Unpaid
Interest:
|
approximately $11.98
for each $1,000 principal amount
|
Redemption Price plus
Accrued and Unpaid Interest:
|
$1,011.98 for each
$1,000 principal amount
|
The aggregate outstanding principal amount of the Debentures was
$77,625,000 on the date that Alcanna
announced the redemption on April 1,
2021. Alcanna satisfied its obligation to pay to the holders
of Debentures the Redemption Price in cash through available
funds.
About Alcanna Inc.
Alcanna is one of the largest private sector retailers of
alcohol in North America and the
largest in Canada by number of
stores – operating in excess of 170 locations in Alberta and British
Columbia. The Company's majority-owned subsidiary, Nova
Cannabis Inc. (TSXV: NOVC), also operates 53 cannabis retail stores
in Alberta, Ontario, and Saskatchewan. Alcanna's common shares trade on
the Toronto Stock Exchange under the symbols "CLIQ". Additional
information about Alcanna Inc. is available at
www.sedar.com and the Company's website at
www.alcanna.com.
SOURCE Alcanna Inc.