06/12/2026 | Press release | Distributed by Public on 06/12/2026 15:01
Item 1.01 Entry into a Material Definitive Agreement.
On June 9, 2026, Splash Beverage Group, Inc. (the "Company") invested $217,479.24 and purchased 2,000,000 common shares and 1,000,000 warrants of Avicanna Inc. (TSX:AVCN) in a private placement transaction. Avicanna is a commercial-stage cannabinoid-based biopharmaceutical company focused on clinical research, patient care, and developing pharmaceutical products. The investment represents a strategic capital allocation aligned with the Company's previously announced plans to pivot into a cannabinoid-based health, wellness, and healthcare-focused platform company, and management is in discussions with the leadership of Avicanna regarding potential future transactions.