27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Cannabis-focused biopharmaceutical company Avicanna Inc. (TSX:AVCN) (OTCQX:AVCNF) (FSE: 0NN) confirmed Tuesday that it had closed a non-brokered private placement raising CA$3.9 million ($3.16 million). Under the offering, the company
issued an aggregate of 4.59 million units, at a price of CA$0.85 per unit.
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Each unit consisted of one common share of the company and one share purchase warrant. Each warrant is exercisable into one Avicanna’s share at a price of CA$1.10 per warrant share in the following three years from the closing of the offering.
The Toronto-based company plans to use the collected proceeds to support standard working capital activities, general and administrative expenses, expenditures related to production and manufacturing, as well as research and clinical development.
In connection with the closing of the offering, the company paid aggregate finders' fees of approximately $65,000 to eligible finders.
In addition, the company announced the proposed repricing of 1.59 million common share purchase warrants, expiring September 20, 2024, issued to the lender that advanced the secured term loan in the principal amount of $2.12 million to the company in August 2021. The exercise price of the term loan warrants will be repriced from $1.13 to $1.10 being the same exercise price of the warrants issued in connection with the offering.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
More recent news from Avicanna:
Avicanna Ships Its Feminized Cannabis Seeds To Peru And Argentina
Avicanna Files Patent For New Cannabinoid-Based Epilepsy Medication
Avicanna Completes Registration And Commercial Export Of Pura Earth CBD Brand In Ecuador
Avicanna Reaches Brazil With Aureus Branded Full Spectrum Psychoactive CBD Cannabis Extracts
Price Action
Avicanna’s shares closed Tuesday market session 3.17% higher at 64 cents per share.
Photo: Courtesy of 2H Media on Unsplash
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.