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iAnthus grants options to buy 65,000 shares

Monday, October 3, 2016 11:09
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(Before It's News)

iAnthus Capital Holdings Inc. (CNSX:IAN) shares rocketed on Monday after the company said that with effect last Friday it has granted incentive stock options, exercisable at $1.76, to purchase up to an aggregate of 65,000 shares of the company, to consultants and directors of the company.

All options are subject to any earlier termination in accordance with their terms. The 65,000 options have the following vesting periods:

15,000 options vest at a rate of 10 per cent on Sept. 30, 2016; 11.25 per cent quarterly thereafter;

50,000 options vest at a rate of 25 per cent quarterly.

iAnthus Capital Management provides licensed cannabis operators in the United States a unique combination of access to value-added capital investment together with expert management advice and advisory services.

iAnthus shares were up 8.2% at C$1.84 on Monday.

Story by ProactiveInvestors

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