Not for distribution to U.S. Newswire Services or for dissemination in the United States.
INDIVA Grants Incentive Stock Options
LONDON, ON – (February 22, 2018): INDIVA Limited (the “Company” or “INDIVA“) (TSX-V:NDVA) is pleased to announce that the Company has granted 640,000 incentive stock options (the “Options“) to certain employees and consultants.
The Options have an exercise price of $0.87 per share and will be valid until February 22, 2023.
The Company’s Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. As a result of this grant, the Company has a total of 4,333,315 stock options issued, representing 5.43% of the issued and outstanding share capital.
In addition the Company announces that it has retained Boom Capital Markets Inc. (“Boom“) on a month to month contract to provide investor relations support.
Boom will be paid $5,000 per month and has been granted 100,000 Options (included in above totals).
Further information regarding Boom can be found at https://boomcapitalmarkets.com/.
INDIVA is a Canadian supplier of high quality, medical grade cannabis. INDIVA’s strain selection, cultivation and client care processes combine the know-how and experience of an internationally recognized and award-winning grow-team with GMP-compliant quality assurance standard operating procedures.
INDIVA’s wholly owned subsidiary is a Licensed Producer under Canada’s Access to Cannabis for Medical Purposes Regulation (“ACMPR“) with its first indoor cannabis production facility located in London, Ontario.
INDIVA aims to become a global marijuana brand recognized for high quality cannabis products and excellent client care. As marijuana laws liberalize in Canada, INDIVA will expand its product offering to include safe edibles and other client-friendly cannabis products. In addition, as marijuana laws liberalize internationally, INDIVA will use its Canadian operations as a platform to open new markets for its cannabis products.
Niel Marotta, CEO
Email: [email protected]
Steve Low, Investor Relations
Email: [email protected]
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