Business
MustGrow Announces Issuance of Options and Warrants
Saskatoon, Saskatchewan--(Newsfile Corp. - May 1, 2020) - MustGrow Biologics Corp. (CSE: MGRO...
About this update from Mustgrow Biologics Corp.
[{"type":"text","content":"MustGrow Announces Issuance of Options and WarrantsSaskatoon, Saskatchewan--(Newsfile Corp. - May 1, 2020) - MustGrow Biologics Corp. (CSE: MGRO) (OTCQB: MGROF) (FRA: 0C0) (the \"Company\", \"MustGrow\"), an agricultural biotech company developing and commercializing a portfolio of natural, science-based biological crop protection products, has issued 1,050,000 common share options (each an \"Option\") to management and directors of the Company. Each Option shall entitle the holder to acquire one common share of the Company at a price of $0.34 exercisable until April 30, 2025. The terms of each Option, including vesting period (25% on date of grant and 25% on each anniversary) is in accordance with the Company's management and directors' stock option plan. MustGrow has also issued 1,400,000 common share purchase warrants (each a \"Warrant\") to a consultant of the Company. Each Warrant shall entitle the holder to acquire one common share of the Company at a price of $0.35 exercisable until April 2, 2022. All Options, Warrants and underlying shares are subject to four month hold period from the date of issuance and are subject to final approval of the CSE.About MustGrowMustGrow is a publicly traded (CSE: MGRO) (OTCQB: MGROF) (FRA: 0C0) agriculture biotech company focused on providing natural science-based biological solutions for high value crops, including organic fruits & vegetables. MustGrow has designed and owns a United States EPA-approved organic solution that uses the mustard seed's natural defence mechanism to protect plants from pests and diseases. Over 110 independent tests have been completed, validating MustGrow's safe and effective signature products. This product, in granule format, is EPA-approved across all key U.S. states as a bio-fertilizer and bio-pesticide (currently limited to a bio-fertilizer in California) and is designated by Health Canada's PMRA (Pest Management Regulatory Agency) as a fruit & vegetable bio-pesticide and bio-fertilizer. MustGrow has now concentrated a liquid format that with regulatory approval, could be applied through standard drip or spray equipment, improving functionality and performance features.The Company has approximately 37 million basic common shares issued and outstanding. For further details please visit www.mustgrow.ca.ON BEHALF OF THE BOARD \"Corey Giasson\"Director...