Payday for everyoneexcept shareholders.
LONDON, ON , June 6, 2022 /CNW/ - Indiva Limited (the " Company " or " Indiva ") (TSXV: NDVA) (OTCQX: NDVAF), the leading Canadian producer of cannabis edibles and other cannabis products announces that it has granted 1,680,000 incentive stock options (the " Options ") to certain employees, executive officers and directors. The Options have an exercise price of $0.21 per share and will be valid until June 3, 2027 .
All Options were issued pursuant to the Company's amended and restated equity incentive plan which allows for issuances of up to 10% of issued and outstanding share capital in the form of stock options or restricted share units. As a result of the foregoing grant, the Company has a total of 14,131,052 stock options or restricted share units issued, representing approximately 9.7% of the issued and outstanding share capital.