CALGARY, Jan. 2, 2020
/CNW/ - 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/
SOURCE Sugarbud Craft Growers Corp.