Intelicanna Ltd (TASE:INTL) announced a private placement of 1,575,000 common shares at a price of ILS 2.50 per share for gross proceeds of ILS 3,937,500 on July 21, 2020. The company will also issue 1,575,000 warrants exercisable into 1 ordinary share of the company at an exercise price of ILS 2.5 per warrant for a period of 30 months from the date of closing. The transaction was approved by the board of the company. The transaction will include participation from 5 investors.