ThreeD Capital Inc. Issues Early Warning Report in Connection with Disposition of Securities of Avicanna Inc.
MWN-AI** Summary
On December 17, 2025, ThreeD Capital Inc. (CSE:IDK / OTCQX:IDKFF), a Canadian venture capital firm, issued an Early Warning Report concerning the recent disposition of securities in Avicanna Inc. (AVCN). The report highlights that ThreeD has disposed of 1,130,000 common shares of Avicanna, which accounts for around 1.0% of the company's total issued shares. Following these transactions, the combined ownership of ThreeD and its Joint Actor, Sheldon Inwentash, decreased by more than 2% from previous filings.
Prior to the dispositions, ThreeD and Inwentash controlled an aggregate of 18,276,757 common shares, 1,441,250 common share purchase warrants, and 50,000 stock options of Avicanna, translating into about 15.5% of all outstanding shares or approximately 16.6% on a partially diluted basis. Post-disposition, their collective holdings decreased to 17,146,757 common shares, representing 14.6% of all issued shares (15.6% on a partially diluted basis).
ThreeD's stake alone now stands at 11,052,800 common shares and 1,298,750 common share purchase warrants, approximately 9.4% of the issued shares (10.4% on a partially diluted basis). The sale of the Subject Shares was conducted through the Toronto Stock Exchange, yielding total proceeds of $268,667, approximately $0.238 per share.
ThreeD Capital Inc. emphasizes that its securities holdings in Avicanna are managed for investment purposes and reserves the flexibility to adjust its stake based on market conditions. The firm's strategy includes investing in early-stage companies across various sectors, alongside providing advisory services to enhance business growth.
For further inquiries, Matthew Davis, Chief Financial Officer, can be reached at 416-941-8900.
MWN-AI** Analysis
ThreeD Capital Inc. has recently reported a significant decrease in its ownership stake in Avicanna Inc. (AVCN), disposing of 1,130,000 shares, which brought its total holdings down to approximately 14.6%. While this alteration in the investment structure is part of ThreeD's broader capital strategy, it raises several implications for investors and market watchers.
Firstly, the fact that ThreeD has reduced its stake could signal a bearish outlook on Avicanna Inc. This may reflect market sentiment due to the fluctuating state of the cannabis sector, where many firms face increasing competition and regulatory challenges. Investors should consider whether the decision to sell reflects strategic positioning or concerns regarding Avicanna's future performance.
Moreover, having disposed of shares at an average price of $0.238 per share may suggest ThreeD's assessment of fair value under current market conditions. This price point, below Avicanna's historical average, could have implications for current investors, leading to questions about the stock's future trajectory.
Investors should keep in mind that ThreeD's involvement as a venture capital firm typically indicates an opportunistic and long-term investment strategy. The reduction in shares does not necessarily equate to a lack of confidence; it may also represent portfolio rebalancing or realization of gains to capitalize on more promising opportunities elsewhere.
Given the potential volatility in the cannabis market and the implications of such insider transactions, investors should stay attuned to Avicanna’s performance metrics, market conditions, and regulatory developments. Position adjustments on the part of significant stakeholders like ThreeD can often serve as early indicators of broader market trends—keeping a close watch on their future activities in Avicanna will be crucial for making informed investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions ending in recent weeks (the “Dispositions”), ThreeD disposed of ownership and control of an aggregate of 1,130,000 common shares (the “Subject Shares”) of Avicanna Inc. (the “Company” or “AVCN”). The Subject Shares represented approximately 1.0% of all issued and outstanding common shares of AVCN. As a result of the Dispositions, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Actor”) decreased by greater than 2%, on a partially diluted basis, from the last early warning report filed.
Immediately prior to the Dispositions, ThreeD and the Joint Actor owned and controlled an aggregate of 18,276,757 common shares, 1,441,250 common share purchase warrants of the Company, and 50,000 stock options, representing approximately 15.5% of all issued and outstanding common shares of AVCN (or approximately 16.6% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 12,182,800 common shares and 1,298,750 common share purchase warrants of the Company, representing approximately 10.3% of the issued and outstanding common shares of AVCN (or approximately 11.3% on a partially diluted basis, assuming exercise of the warrants held). The Joint Actor held an aggregate of 6,093,957 common shares, 142,500 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 5.2% of the issued and outstanding shares of AVCN (or approximately 5.3% on a partially diluted basis, assuming exercise of the warrants and options held).
Immediately following the Dispositions, ThreeD and the Joint Actor own and control an aggregate of 17,146,757 common shares, 1,441,250 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 14.6% of all issued and outstanding common shares of AVCN (or approximately 15.6% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 11,052,800 common shares and 1,298,750 common share purchase warrants of the Company, 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 held an aggregate of 6,093,957 common shares, 142,500 common share purchase warrants, and 50,000 stock options of the Company, 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).
The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.
The Subject Shares were disposed of through the facilities of the Toronto Stock Exchange for total consideration of $268,667 or approximately $0.238 per Subject Share.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
| For further information: |
| Matthew Davis, CPA |
| Chief Financial Officer and Corporate Secretary [email protected] |
| Phone: 416-941-8900 |
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
FAQ**
How does ThreeD Capital Inc.'s recent sale of 1,130,000 shares affect its overall investment strategy in the junior resources and disruptive technologies sectors, and what implications does this have for AVCN? IDK:CC
What factors prompted ThreeD to reduce its ownership in Avicanna Inc., and how might market conditions influence future investment decisions by ThreeD? IDK:CC
As ThreeD's ownership in Avicanna has decreased to 14.6%, how might this impact the future relationship between the two companies and potential advisory services? IDK:CC
Can you provide insight into any potential strategic shifts for ThreeD Capital Inc. in light of the right-sizing of its holdings in Avicanna Inc.? IDK:CC
**MWN-AI FAQ is based on asking OpenAI questions about ThreeD Capital Inc (OTC: IDKFF).
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