GREY:CAAOF - Post by User
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AwareInvestoron Jun 17, 2019 9:09am
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Post# 29831532
Cannabis One Cancels Warrant Acceleration, Reinstates Them
Cannabis One Cancels Warrant Acceleration, Reinstates Them On Friday evening, Cannabis One Holdings levied some heavy charges against an advisor. The brief corporate update was released late in the day, and thus it largely went unnoticed. However, the significance of the release should not go unmentioned.
In short, the company stated that they had received poor direction from a new financial adviser, which resulted in the company accelerating the expiration of its options. This information was then used by the advisor against Cannabis One, which resulted in the advisor forming a syndicate that went heavily short against the company, thus allegedly causing the price of the equity to free fall.
https://thedeepdive.ca/cannabis-one-cancels-warrant-acceleration-reinstates-exercised-warrants/