48North Cannabis Corp. V.NRTH

Options

[flamingogold]

Not really happy about the options issued yesterday at 21cents, a bit low imo. At 42 cents insiders can double their money while long time investors still hold above that unless they've doubled, tripled, quadrupled down.

"48North has granted an aggregate of 500,000 stock options to certain directors, officers and employees of the company. The options vest through the passage of time and/or the achievement of specific goals. The specific goals for the options vary based upon the duties and responsibility of the recipient. Each option is exercisable into one common share of the company at a price of 21 cents per share for a period of three years from the date of grant. The options have been granted pursuant to the company's stock option plan which has been previously approved by the company's shareholders and the TSX Venture Exchange."

https://www.newswire.ca/news-releases/48north-announces-strengthened-executive-team-896481681.html