ThreeD Capital Inc. Issues Early Warning Report in Connection with Disposition of Securities of Avicanna Inc.

• April 7 2026 – Disposition of Avicanna Inc. shares – ThreeD and joint actor Sheldon Inwentash sold 977,000 common shares for $164,497 ($0.168 per share), reducing their combined stake from ~13.6% to ~12.7% (partially‑diluted). No change to warrant or option positions.
• April 7 2026 – Acquisition of AI/ML Innovations debenture – ThreeD purchased a $450,000 convertible debenture that gives the right to acquire 9 million common shares and 9 million warrants. Post‑transaction ownership on a partially‑diluted basis rises to ~38% when all existing and new securities are considered (≈10.6% for ThreeD alone). The deal was executed off‑exchange.

• Disposition: The sale price ($0.168) is below recent market levels for Avicanna (historical range $0.20–$0.30). The reduction in ownership is modest (≈1 pp) and does not materially affect ThreeD’s balance sheet or cash position (cash impact ≈ $0.16 M versus total assets of $25.9 M). Classified as routine portfolio rebalancing – no material upside or downside.
• Acquisition: The $450 k outlay represents ~1.7 % of ThreeD’s total assets and adds a sizable potential equity position in AI/ML (≈10 % of its outstanding shares for ThreeD alone). While the investment is small relative to the balance sheet, it could become material if AI/ML’s valuation improves. The transaction is disclosed as a routine financing move; no immediate earnings impact.

Overall, the combined news does not materially shift ThreeD’s financial health or NAV per share but reflects ongoing active management of its private‑equity portfolio. The net effect is slightly positive because the acquisition adds upside potential without significant cash strain.

ThreeD Capital Inc. is an investment vehicle focused on private‑company equity, convertible debentures, warrants, and digital assets (cryptocurrencies, tokens, node infrastructure). Its “flagship” is not a single operating business but the aggregate portfolio, with notable holdings in AI/ML Innovations, Avicanna, HyperCycle, and various crypto projects.