StickIt Technologies Adjusts Share Consolidation Terms and Announces New Record Date

Introduction
StickIt Technologies Inc., also referred to as STKT, has made significant adjustments to its share consolidation terms while revealing the record date for its consolidation of common shares. As a continuation of their previous announcements from October 2025, this updated plan seeks to bolster the company’s appeal to potential investors amidst ongoing financial restructuring efforts.

Overview of the Consolidation

Effective January 7, 2026, StickIt will implement a consolidation of its common shares on a ratio of one post-consolidation share for every five pre-consolidation shares. The record date for this consolidation has been set for January 6, 2026. Notably, the symbol under which the company's shares trade on the Canadian Securities Exchange (CSE) will remain the same - "STKT".

Rationale Behind the Consolidation

The primary objective of this consolidation is to enhance the company's financial flexibility and make their securities more appealing to investors. The Board of Directors has expressed confidence that this strategic move aligns with the best interests of the shareholders. Currently, there are approximately 127.5 million shares outstanding, which will be reduced to around 25.5 million shares once the consolidation is completed.

Fractional Shares and Adjustments

As the consolidation takes effect, any fractional shares that arise will be canceled, ensuring that shareholder holdings are rounded down to the nearest whole number. Furthermore, stock options will be adjusted according to the consolidation ratio, indicating a comprehensive strategy to streamline the company's share structure.

Private Placement Plans

In tandem with the share consolidation announcement, StickIt is amending its private placement plans. The company aims to raise between $700,000 and $1,050,000 through this private placement, offering units at $0.025 each. Each unit will comprise one common share and one common share purchase warrant, giving investors potential future equity in the company.

Regulatory Approval and Financial Position

The CSE has granted StickIt the necessary approval to proceed with this private placement without needing further securityholder consent, citing the company's current financial difficulties. This highlights urgency in their financial strategy, driving the need for swift capital influx.

About StickIt Technologies

StickIt Technologies Inc. is known for its focus on cannabinoid technology through its subsidiary, StickIt Ltd. The company holds several patents related to plant extracts and therapeutic components, emphasizing innovative methods of integrating cannabis into existing consumer products. Their flagship product, the Extra-C stick, promises to transform how consumers experience cannabis by providing a user-friendly solution for those looking to incorporate it into daily routines.

Conclusion

As StickIt Technologies moves forward with these amendments, it remains committed to solidifying its position within the cannabis industry. By recalibrating their share structure and seeking necessary funding, the company aims to enhance its operational capacity and market presence, driving future growth prospects in a rapidly evolving market.

For further updates, investors and stakeholders are encouraged to monitor communications from StickIt Technologies closely, as these changes could signify a pivotal moment in the company’s journey.

Contact Information
CEO Eli Ben-Haroosh invites interested parties to reach out for further information and investment inquiries via email at [email protected]