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The Flowr Corporation Announces Appointment of Darryl Brooker as Chief Executive Officer and Noel Biderman to the Board of Directors
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Flowr or the Company ) announces the granting of incentive stock options to purchase 6,496,000 common shares in the capital of the Company (the Options ) and 2,970,000 restricted share units (the RSUs ) to certain employees, officers and directors of the Company, subject to regulatory approval. The Options and RSUs were granted on February 8, 2021 pursuant to the Company s applicable incentive plans. The Options are exercisable at a price of $0.44 per share and are set to expire on February 12, 2026. The Options and RSUs vest as follow: (a) one-third on the first anniversary of when the Options and RSUs were granted; (b) one-third on the second anniversary of when the Options and RSUs were granted; and (c) the remaining one-third on the third anniversary of when the Options and RSUs were granted. Notwithstanding the foregoing, 2,106,949 RSUs shall vest immediately and are subject to certain vesting periods.
Flowr” or the “
Company”) announces the granting of incentive stock options to purchase 6,496,000 common shares in the capital of the Company (the “
Options”) and 2,970,000 restricted share units (the “
RSUs”) to certain employees, officers and directors of the Company, subject to regulatory approval. The Options and RSUs were granted on February 8, 2021 pursuant to the Company’s applicable incentive plans. The Options are exercisable at a price of $0.44 per share and are set to expire on February 12, 2026. The Options and RSUs vest as follow: (a) one-third on the first anniversary of when the Options and RSUs were granted; (b) one-third on the second anniversary of when the Options and RSUs were granted; and (c) the remaining one-third on the third anniversary of when the Options and RSUs were granted. Notwithstanding the foregoing, 2,106,949 RSUs shall vest immediately and are subject to certain vesting periods.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
The Flowr Corporation Announces the Closing of the Strategic Acquisition of Terrace Global
The Flowr CorporationDecember 24, 2020 GMT
Highlights:
The Company has closed its strategic acquisition of Terrace Global, creating an entity with a strong balance sheet and global footprint.
The Board of Directors and shareholder base now includes former founders of MedReleaf Corp., ICC Labs Inc. and Bedrocan Canada Inc.
Simultaneously, through liability management, the Company is expected to achieve meaningful debt reduction and amendments to the Company’s senior credit facility before the end of 2020.
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