Hydropothecary Creates Stock Option Grants for Directors and Officers

Stock Options Grant

The Hydropothecary Corp. (TSXV:THCX) has made stock option grants available to its directors and officers.

Under its stock option plan, the grant is to acquire a total of 1.75 million common shares of the company. There has also been a grant option to acquire a total of 20,000 common shares of the company put forth to employees under executive class.

Regardless of the grant option, they are exercisable at $2.69 per share. 50% of them will vest immediately, with the balance vesting annually over 3 years.

The options have a 10-year term and are subject to the terms of the company’s stock option plan as well as the TSX Venture Exchange standard requirements.

Featured Image: twitter

About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.