10% holder buying at Nova Cannabis (NOVC)

10% holder buying at Nova Cannabis (T:NOVC)

Cannell Capital LLC, a 10% Holder, acquired 187,462 Common Shares on an indirect ownership basis for registered holder Tonga Partners, L.P., 112,457 Common Shares on an indirect ownership basis for registered holder Tristan Offshore Fund, Ltd., and 400,081 Common Shares on an indirect ownership basis for registered holder Tristan Partners, L.P., all at a price of $1.460 on February 7th, 2024. This represents a $1,022,000 investment into the company's shares and an account share holdings change of greater than 100%.

Nova Cannabis is in the Drug Retailers Sub Industry Group under the Consumer Non-Cyclicals Sector.

Nova Cannabis Inc. is a Canada-based cannabis retailer. The Company's principal activity is the operation of retail cannabis stores in Canada. It is focused on disrupting the cannabis retail market by offering a wide range of high-quality cannabis products. The Company operates under the brand name Value Buds and Firesale Cannabis for its cannabis retail locations in Alberta and Ontario, and under the brand name Sweet Tree Cannabis Co. for its retail location in Saskatchewan. The Company owns and/or operates approximately 92 locations across Alberta, Ontario, and Saskatchewan, primarily under its Value Buds banner. Its Value Buds banner offers discount prices on a wide selection of cannabis products from value to premium. Value Buds is a high-value recreational cannabis brand.