Not for distribution to U.S. Newswire Services or for dissemination in the United States.
INDIVA Grants Incentive Stock Options
LONDON, ON – (May 10, 2019): INDIVA Limited (the “Company” or “INDIVA“) (TSX-V:NDVA) is pleased to announce that the Company has granted 810,000 incentive stock options (the “Options“) to certain employees and an executive officer.
The Options have an exercise price of $0.80 per share and will be valid until May 9, 2024.
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 5,033,315 stock options issued, representing approximately 6% of the issued and outstanding share capital.
Indiva is a Licensed Producer of medical grade cannabis. Our aim is to bring our family of global cannabis brands to Canadians and cannabis enthusiasts around the world. As marijuana laws liberalize globally, Indiva will expand its product offering to include safe edibles and other client-friendly cannabis products. In Canada, Indiva will produce and distribute Ruby Cannabis Sugar, Sapphire Salt, Ruby Gems, as well as award winning Bhang Chocolate and other derivative products through license agreements and joint- ventures respectively. 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, INDIVA
Email: [email protected]
Steve Low, Investor Relations
Email: [email protected]
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