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SERVICES FOR DISSEMINATION IN THE UNITED STATES/
EDMONTON, Alberta and CALGARY, Alberta, Jan. 19, 2021 (GLOBE NEWSWIRE) Alcanna Inc. (
Alcanna ) (TSX:CLIQ) and YSS Corp. (
YSS ) (TSXV:YSS, WCN: A2PMAX, OTCQB:YSSCF) are pleased to announce that, as a result of excess demand, the previously announced $25.0 million equity financing being led by Eight Capital and Cormark Securities Inc. has been upsized to $40.0 million (the
Financing ). The Financing will be completed in connection with a transaction pursuant to which Alcanna will spin-out its retail cannabis business and combine with YSS to form Nova Cannabis Inc. (
New Nova or the
Company ), a new discount-focused cannabis retailer (the