#Canada #Vancouver #Cannabis Technology #StickIt Technologies #Corporate Reorganization

StickIt Technologies Announces Corporate Reorganization

On October 20, 2025, StickIt Technologies Inc. (CSE: STKT), a prominent player in the Israeli technology and cannabinoid sector, revealed plans for a vital corporate reorganization aimed at consolidating its position in the market. The company, developer of the patented "Cannabis Sticks" technology, has taken steps towards a transformative phase by entering a non-binding letter of intent (LOI) with Capitalink Ltd.

Key Components of the Restructuring

The LOI outlines a corporate restructuring that will include a significant share consolidation and a proposed non-brokered private placement. A notable aspect of this reorganization is the share consolidation, with every ten existing shares being consolidated into one new share. Currently, StickIt has 127,547,356 common shares outstanding, and post-consolidation, this figure will reduce to approximately 12,754,736 shares, simplifying the share structure and potentially increasing its value.

To ensure that this consolidation runs smoothly, StickIt plans to bypass seeking shareholder approval, as the Board of Directors holds the authority to effect the change via a resolution. However, regulatory approval from the Canadian Securities Exchange (CSE) is still required. Following the completion of the consolidation, further announcements will specify the record date for this operation and when trading on the post-consolidation basis will commence.

Private Placement for Capital Growth

In conjunction with the share consolidation, StickIt has announced an upcoming private placement planned to raise between $700,000 and $1,050,000. Units offered in this placement will be sold at a significant discount of 25% to the trading price of the Company’s shares. Each unit will consist of one common share and one share purchase warrant, which enables investors to buy additional shares at the market price for three years following issuance.

The incorporation of this capital is expected to fortify StickIt’s working capital and propel the company toward its growth objectives post-restructuring. The funds will be directed towards enhancing research, development, and marketing efforts to strengthen StickIt’s innovative product lines.

About StickIt Technologies

Based in Dalton, Northern Israel, StickIt Technologies holds several patents regarding plant extracts and therapeutic compounds designed specifically for use in smoking devices. Their flagship product, the Extra-C stick, is engineered through a proprietary process, providing condensed cannabis oil in a format similar to toothpicks, making it easier for consumers to integrate cannabis into traditional smoking products.

StickIt’s operational strategy revolves around forming joint ventures in markets where recreational cannabis is permitted. The company plans to partner with local producers who will set up production facilities allowed to use StickIt’s technology for creating final products destined for market.

Through these partnerships, StickIt aims to ensure that each partner has exclusive rights to produce and market their products, enhancing both their market presence and revenue potentials.

Future Potential and Stakeholder Impacts

This comprehensive restructuring marks a pivotal juncture for StickIt Technologies, positioning the Company to tackle future challenges more adeptly. The consolidation and capital raise are strategies designed to drive innovation and market expansion, reflecting the evolving landscape of the cannabis sector. As the company navigates through this reorganization, stakeholders are anticipated to benefit from reduced share count and improved financial stability.

For more information about StickIt Technologies, stakeholders are encouraged to stay tuned for announcements by the Board of Directors and review their filings with Canadian securities regulators. The company’s leadership believes that these strategic moves will ultimately lead to robust growth and better product offerings in an increasingly competitive market.