Ventura Cannabis and Wellness Corp CVHIF

Vibe consideration

[lscfa]

 

	Vibe Shs	Vibe shs	$0.60 vibe Wrts	$0.62 vibe wrts
Cash value	333,360	1,889,040
Avg Vibe sh price	0.498	0.607
Vibe consideration	669,398	3,112,092	800,000	1,200,000
VCAN Shs os sept 18	37,039,999	37,039,999	37,039,999	37,039,999
Vibe consideration/VCAN sh	0.018072	0.084020	0.021598	0.032397
VCAN Shs per vibe sh/wrt	55.33	11.90	46.30	30.87

[lscfa]

Bozo VCAN mgmt got the NR wrong again. If you use 55 and 46 you will think your broker short-changed you. If you use 55.33 and 46.30 then the amount of vibe Shs/Wrts in your acct is correct. "Each VCAN shareholder of record on the Dividend Record Date will be entitled to receive 1 common share of Vibe for every 55 VCAN shares held and 1 purchase warrant of Vibe for every 46 VCAN shares

[LAMBO]

so most already exercised their warrants? what are the terms for exercising warrants?  on hold with cibc now...

[LAMBO]

found it 1 warrant = 1 vibe + 60cents

[dileas48s]

I believe the second tranche is $0.62. From the Vibe Press Release: "Ventura received 3,112,092 common shares and 1,200,000 warrants, each to acquire one common share of Vibe at an exercise price of C$0.62 for a term of twelve months. The common shares issued are subject to a six month hold period."

[LAMBO]

Thanks, both of the warrants (sept, oct) are still restricted in my acct...hmm