TORONTO, March 29, 2019 /CNW/ - Lift & Co. Corp. ("Lift & Co." or the "Company") (TSXV: LIFT), announced today the grant of options pursuant to its Stock Option Plan.
On this date the Company granted options to certain officers and key employees to acquire up to an aggregate of 1,518,823 Common Shares of the Corporation. The options will vest pursuant to the stock option agreements between Lift & Co. and each optionee and may be exercised at an exercise price of $0.405 per common share, for a period of 10 years from the date of issuance, in accordance with Lift & Co.'s incentive stock option plan.
The Company is also announcing that 890,868 existing options are set to be cancelled in May of this year.
About Lift & Co. Lift & Co. (TSXV: LIFT) is a publicly traded technology company modernizing the cannabis industry.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
SOURCE Lift & Co. Corp.
For further information: Lift & Co.: Scott Campbell, Director of Communications, 647-402-4957, [email protected]; Investor Relations: Thesis Capital, Prit Singh, 905-510-7636, [email protected]