Business
Harvest One Announces Issuance of Warrants
Harvest One Announces Issuance of Warrants Canada NewsWire VANCOUVER, April 3, 2...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\nHarvest One Announces Issuance of Warrants\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 3, 2020\n\n\n\nVANCOUVER, April 3, 2020 /CNW/ - Harvest One Cannabis Inc. (\"Harvest One\" or the \"Company\") (TSX-V: HVT; OTCQX: HRVOF) is pleased to announce that, further to its press release dated March 11, 2020, the Company has issued 17,083,333 common share purchase warrants (the \"Warrants\") to MMJ Group Holdings Ltd. (\"MMJ\") as consideration for agreeing to extend the maturity date of a secured loan agreement with MMJ, an insider of the Company, for a loan in the amount of $2,000,000, issued on January 10, 2020 (the \"Loan\").\nEach Warrant will entitle the holder to purchase one common share in the capital of the Company (each a \"Common Share\") at a price of $0.06 at any time until the earlier of: (i) the date of the further extension or renewal of the Loan; and (ii) April 3, 2022. \nThe issuance of Warrants to insiders are considered related party transactions within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements in sections 5.5(g) and 5.7(1)(e) of MI 61-101 in respect of such insider participation on the basis of financial hardship. \nThe Common Shares issuable upon the exercise of the Warrants will be subject to a four month and a day hold period expiring on August 4, 2020, in accordance with applicable Canadian securities law. \nAbout Harvest One\nHarvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company's range of lifestyle solutions is designed to enhance quality of life. Shareholders have significant exposure to a broad cannabis value chain through its wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutr...