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Bullboard - Stock Discussion Forum Willow Biosciences Inc T.WLLW

Alternate Symbol(s):  CANSF

Willow Biosciences Inc. is a Canada-based biotechnology company. The Company develops and produces precision fermented functional ingredients for the health and wellness, food and beverage and personal care markets. Its FutureGrown biotechnology platform allows production with sustainability at its core. Its commercial product, Cannabigerol CBG, which is a cannabinoid that has anti-microbial... see more

TSX:WLLW - Post Discussion

Willow Biosciences Inc > New presentation on website
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Post by jermiah777 on Jul 23, 2021 2:50am

New presentation on website

Theirs an interesting phrase on the update. I will quote it. Strong financial position PAGE 13 STRATEGIC INDUSTRY AND FINANCIAL PARTNERS POSITION WILLOW FOR A STRONG FUTURE PERFORMANCE In February 2021, raised $28.75 million via prospectus offering to support research, strain development, scale up and commercial launch $77.3 million raised to date with management and board investing more then $8 million personally into Willow March 31st, 2021 cash position equals $46.5 million with no debt Strong insider ownership at 31% Aligned with shareholders Insider's performance incentive achieved when WLLW has 20 day VWAP of $3.50 per share Funded to commercialize production Moved to TSX in Dec 2019 (TSX: WLLW) Trade on OTCQX Best Market (OTCQX: CANSF) What does this 2nd to last point mean?
Comment by Scotty007 on Jul 26, 2021 4:19am
Director/management share incentive is triggered once Willow achieves a 20 day VWAP of CAD$3.50. Similar to when the warrants were triggered with the 20 day VWAP above $1.20.
Comment by Scotty007 on Jul 26, 2021 6:48am
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS of WILLOW BIOSCIENCES INC. For the Three Month Periods Ended March 31, 2021 and 2020 Page 13. In addition, in the event the Market Price equals or exceeds $3.50, each performance warrant shall be exercisable for 1.5 common shares, provided that, at the time of exercise in respect of the additional 0.5 of a common share per performance warrant  ...more  
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