Phyto Extractions Announces Departure Of Interim CEO
Phyto Extractions Inc., formerly known as Adastra Labs Holdings Ltd., (CSE:XTRX) (FRA: D2EP), said last Friday it had parted ways with J. Scott Munro, the company’s interim CEO and director.
Munro, who said he wanted to pursue “new external ventures,” will be replaced with a new permanent candidate.
Donald Dinsmore, chief operating officer of the British Columbia-based company, said that during Munro’s tenure Phyto Extractions had seen vast improvements across operations and the financial health of the company.”
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Phyto Extractions Inc.: Phyto Extractions Announces Proposed Warrant Amendment
LANGLEY, BC / ACCESSWIRE / April 23, 2021 / Phyto Extractions Inc. (formerly, Adastra Labs Holdings Ltd.) (CSE:XTRX)(Frankfurt:D2EP) ( Phyto Extractions or the Company ) announces that, subject to approval from the Canadian Securities Exchange, it intends to amend the terms of all 1,964,151 warrants (each, a
Warrant ) that were issued by the Company in connection with its non-brokered private placement which closed on December 19, 2019 to make the Warrants transferable subject to compliance with applicable securities laws. Currently, the Warrants are non-transferable. The Warrants have an exercise price of $1.80 and expire on December 19, 2021. The number of Warrants and the exercise price thereof have been adjusted to reflect the recent share consolidation of the Company that was effective on April 9, 2021, on the basis of one post-consolidated share for every three pre-consolidation shares.