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    CLIQ   CA01374C1095

ALCANNA INC.

(CLIQ)
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Alcanna Inc :. Announces Redemption of 4.70% Convertible Unsecured Subordinated Debentures

05/04/2021 | 05:50pm EDT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

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.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 770 M 636 M 636 M
Net income 2021 -13,0 M -10,7 M -10,7 M
Net cash 2021 67,5 M 55,7 M 55,7 M
P/E ratio 2021 -24,7x
Yield 2021 -
Capitalization 307 M 254 M 253 M
EV / Sales 2021 0,31x
EV / Sales 2022 0,26x
Nbr of Employees 2 264
Free-Float 86,1%
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Mean consensus BUY
Number of Analysts 3
Average target price 10,08 CAD
Last Close Price 7,66 CAD
Spread / Highest target 50,1%
Spread / Average Target 31,6%
Spread / Lowest Target 14,2%
EPS Revisions
Managers and Directors
NameTitle
James F. C. Burns Vice Chairman & Chief Executive Officer
David Gordey Chief Financial Officer & Executive Vice President
John R. Barnett Chairman
Robbie Madan Chief Information Officer & Senior Vice President
Donald Bobey Chief Operating Officer-Liquor Brand
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