Sugarbud Announces Option Grant
January 02 2020 - 7:00AM
Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT)
("
Sugarbud") is pleased to announce that as part
of the corporation’s long term incentive program, and pursuant to
the terms and conditions of its stock option plan, the Sugarbud
Board of Directors has approved the grant of 15,340,000 stock
options to certain directors, officers, employees and consultants.
The options expire five years from the date of grant and are
exercisable at a price of $0.065 per common share. The options vest
as to one third on the grant date and one third on each of the
first and second anniversaries of the grant date. To facilitate the
option grant, including 900,000 stock options to CEO and Director,
John Kondrosky, certain directors have surrendered 6,750,000
options for cancellation, which were cancelled and returned for
future grants under Sugarbud's stock option plan effective
immediately.
About Sugarbud
Sugarbud is a federally licensed Alberta-based
publicly traded cannabis company focused on the cultivation and
production of high-quality premium cannabis, and product leadership
through the development, production and distribution of exceptional
value-added cannabis products in Canada.
http://www.sugarbud.ca/
John Kondrosky Chief Executive
Officer Sugarbud Craft Growers Corp. Phone: (604) 499-7847
E-mail: johnk@sugarbud.ca
Investor Relations Contact Gary Perkins,
President Tekkfund Capital Corp. Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website:
http://www.sugarbud.ca/
Address: Suite 620, 634 - 6th Avenue S.W.,
Calgary, Alberta T2P 0S4
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