HiP.WT.A faq rmvdQuote:
I have HIP warrants and I want to know what my options are. How do I exercise my options? Are there plans to extend the expiry dates on these warrants?
There is currently one HIP warrant that is trading on the TSX Venture exchange. The HIP.WT.A has a $1.00 strike price with an expiry date of June 19, 2023. We acquired Newstrike Brands Ltd. in 2019 and have applied a conversion rate of .06332 to all Newstrike common shares and warrants. Note the HIP.WT with a strike price of $1.75 and expiration date of February 16, 2020 has expired and is de-listed from the TSX Venture.
You have two options, you can chose to exercise your warrants before the expiry date converting them to HEXO common shares or to let the warrant expire.
For example, if you hold 1,000 HIP.WT.A warrants with $1.00 strike price expiration 06/19/2023 and decided to exercise these. You would pay $1000 and receive 63 common shares of HEXO (1000*0.06332)). This would mean you paid approx.. $15.79 per share ($1/0.06332).
There is no plan to extend the expiry dates of the HIP warrants.
To exercise your HIP warrants, please contact your investment broker or brokerage to execute the transaction.
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Like i said before, a snapshot of their website can be found below from the web archive;
https://web.archive.org/web/20201126150949/https://www.hexocorp.com/faq/
Their example.
Screenshot from dec 10, 2020 the wayback machine. Might take a few seconds to load. BUT makes it seem like the exercise price stays at $1 and you use conversion ratio on number of warrants you have.
So i take it to mean according to their example if you hold 1000 hip.wt.a warrants with strike price of $1, you would pay $1000 receive (1000*(0.06332÷4)) because of the reverse split equalling roughly 15+ shares so maybe round down to 15?.
Not sure why somebody would do that anyway when you can buy 15 shares today for under $135.
Anyway, seems like they goofed on the webpage and hope nobody mentions it, thats why they removed it.
IMHO-Due your own dd, cheers.