Hydropothecary Announces Acceleration of Warrant Expiry Date
GATINEAU, QC --(Marketwired - January 02, 2018) - The Hydropothecary
Corporation ("THCX" or the "Company") (TSX VENTURE: THCX) announced today that it has elected to
exercise its right under the warrant indenture (the "Indenture") governing the common share purchase warrants of the Company
issued on July 18, 2017 (the "Warrants") to accelerate the expiry date of the Warrants. Pursuant to the terms of the Indenture,
the Company may accelerate the expiry date of the Warrants if, at any time after November 19, 2017, the closing trading price of
the common shares of the Company (the "Common Shares") on the TSX Venture Exchange ("TSX-V") equals or exceeds $3.00 for a period
of at least 15 consecutive trading days. As of the close of markets on December 27, 2017, the closing trading price of the Common
Shares on the TSX-V exceeded $3.00 for 15 consecutive trading days.
Effective today, the expiry date for the Warrants is accelerated from July 18, 2019 to February 1, 2018.
This news release constitutes notice to Warrant holders of the new expiry date. From and after 4:00 p.m.
(Toronto time) on February 1, 2018, no Warrants may be exercised and all unexercised Warrants will be void and of no effect.
Warrant holders who wish to exercise their Warrants should ensure that they allow sufficient time for delivery of their Warrants
and the related exercise price funds to the warrant agent for the Warrants, including consulting with and instructing their
investment advisors where they hold their Warrants through an investment advisor.
As of December 29, 2017, a total of 6,475,125 of the 7,856,300 originally issued Warrants had yet to be exercised.
Each Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $2.00. Consequently, if all
Warrants are exercised, proceeds to the Company will total $12,950,250.
About The Hydropothecary Corporation
The Hydropothecary Corporation is an authorized licensed producer and distributor of medical cannabis licensed by
Health Canada under the Access to Cannabis for Medical Purposes Regulations (Canada). Hydropothecary provides naturally grown and
rigorously tested medical cannabis of uncompromising quality. Hydropothecary's branding, cannabis product offering, patient
service standards and product pricing are consistent with Hydropothecary's positioning as a premium brand for a legal source for
medical cannabis within this new marketplace. In addition to medical cannabis production and sales, Hydropothecary explores
various research and development opportunities for cannabinoid extracts, drugs and combinatory chemistry. In addition, the
company is investigating the development and patenting of novel technologies related to medical cannabis, as well as the import
and export of medical cannabis.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.