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Harvest One Announces Warrants to Be Granted for Consulting Services
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2021) - Harvest One Cannabis Inc. ( TS...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"Harvest One Announces Warrants to Be Granted for Consulting ServicesVancouver, British Columbia--(Newsfile Corp. - July 26, 2021) - Harvest One Cannabis Inc. (TSXV: HVT) (OTCQB: HRVOF) (\"Harvest One\" or the \"Company\"), a uniquely positioned cannabis-infused CPG leader, announces that the Company has engaged an arm's length service provider, Jonathan Carroll (the \"Consultant\") to provide strategic advisory and consulting services to the Company (the \"Consulting Services\") for a 24-month period, subject to extension or termination in accordance with the provisions of the consulting agreement entered into relating to the Consulting Services. Mr. Carroll has vast c-suite experience in the travel industry and is an innovative leader in the corporate branding and loyalty management areas, which experience will benefit the Company by fostering growth and expanded distribution of the Company's CPG brands.As partial consideration for the Consulting Services, the Company will grant an aggregate of 1,500,000 warrants (the \"Warrants\") to purchase common shares of the Company (the \"Common Shares\") to the Consultant as follows: (i) 300,000 Warrants following the second month of the term of the Consulting Services (the \"Term\"); (ii) 300,000 Warrants following the 6th month of the Term; (iii) 400,000 Warrants following the 12th month of the Term; and (iv) 500,000 Warrants upon the Company reaching certain sales targets for fiscal 2022. Each Warrant will entitle the Consultant to one Common Share, at an exercise price equal to the greater of the: (i) Market Price (as defined under TSX Venture Exchange (\"TSXV\") policies) of the Common Shares on the day immediately prior to the date of issuance of the Warrants; and (ii) volume weighted average trading price of the Common Shares during the 30 full trading days immediately prior to the date of issuance of the Warrants; and will expire 24 months from the date of issuance. In accordance with Policy 4.3 - Shares for Debt, the issuance of the Warrants for the Consulting Services is subject to approval from the TSXV. The number of Warrants and the exercise price of such Warrants for each issuance will be disclosed by way of a press release when such Warrants are issued.About Harvest OneHarvest One is a global cannabis-infused CPG leader that develops and distributes premium health, wellne...