InvestmentJun 12, 2026, 05:06 PM
Splash Beverage Group Invests $217K in Avicanna, Appoints New COO
AI Summary
Splash Beverage Group, Inc. invested $217,479.24 in Avicanna Inc., acquiring 2,000,000 common shares and 1,000,000 warrants. This strategic investment aligns with the company's pivot towards a cannabinoid-based health and wellness platform. Concurrently, Michael Bondurant was appointed as Chief Operating Officer, bringing extensive experience in the cannabis sector. The Board also approved new employment terms and significant stock option grants for Interim CEO Brady Cobb, COO Michael Bondurant, and other key officers and directors.
Key Highlights
- Invested $217,479.24 in Avicanna Inc. in a private placement transaction.
- Purchased 2,000,000 common shares and 1,000,000 warrants of Avicanna Inc.
- Appointed Michael Bondurant as Chief Operating Officer, effective June 8, 2026.
- Interim CEO Brady Cobb's annual base salary set at $300,000, with up to $400,000 in performance bonuses.
- COO Michael Bondurant's annual base salary set at $275,000, with up to $400,000 in performance bonuses.
- Granted 925,000 stock options to Interim CEO Brady Cobb and 800,000 to COO Michael Bondurant.
- Granted a total of 4,715,780 stock options to officers, directors, employees, and consultants.
- Investment aligns with pivot to cannabinoid-based health, wellness, and healthcare platform.
Price Impact
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