Canna-Global Acquisition Corp. (OTCPK: CNGL) has begun an initial partial liquidating distribution of approximately $6.14892631 per share, starting a process to return cash from its trust account to holders of its publicly issued Class A shares and units.
The partial liquidation program began Aug. 17 and is scheduled to remain open until 5 p.m. ET on Sept. 4, 2026. Eligible holders who properly submit their securities during that period will receive the distribution in cash.
The payment represents an initial step in Canna-Global’s liquidation process rather than the final amount expected to be returned to investors. The company plans a subsequent distribution after issues involving 724,000 Class A shares…