SOURCE: The Hydropothecary Corporation

medical marijuana thcx thc hydropothecary

December 04, 2017 17:05 ET

Hydropothecary Announces Stock Option Grants to Directors and Employees

GATINEAU, QC--(Marketwired - December 04, 2017) - The Hydropothecary Corporation ("THCX" or the "Company") (TSX VENTURE: THCX) announces that it has made a grant of stock options under its stock option plan to certain of its directors and officers to acquire a total of 1,750,000 common shares of the Company. In addition, the Company has granted options to acquire an aggregate of 20,000 common shares of the Company to certain non-executive employees. All of the options are exercisable at a price of $2.69 per share. Half of the options will vest immediately, and the balance will vest annually over three years thereafter. The options have a term of 10 years and are subject in all respects to the terms of THCX's stock option plan and the requirements of the TSX Venture Exchange.

Subject to the approval of the TSX Venture Exchange.

About Hydropothecary Corporation (THCX)

The Hydropothecary Corporation is an authorized licensed producer and distributor of medical cannabis licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (Canada). Hydropothecary provides sun grown and rigorously tested medical cannabis of uncompromising quality. Hydropothecary's branding, cannabis product offering, patient service standards and product pricing are consistent with THCX's positioning as a premium brand for a legal source for medical cannabis within this new marketplace. In addition to medical cannabis production and sales, Hydropothecary explores various research and development opportunities for cannabinoid extracts, drugs and combinatory chemistry. In addition, the company is investigating the development and patenting of novel technologies related to medical cannabis, as well as the import and export of medical cannabis.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Contact Information

    Jennifer Smith
    Manager of Financial Reporting and Investor Relations
    The Hydropothecary Corporation
    1-866-438-THCX (8429)
    invest@THCX.com
    www.THCX.com

    Adam Miron
    Director
    819-639-5498