Mr. Paul Sullivan reports
TRUE LEAF ANNOUNCES ACCELERATION OF WARRANT EXPIRY
Market conditions have triggered the acceleration of the expiry of the following share purchase warrants of True Leaf Medicine International Ltd.:
- 871,795 warrants issued May 29, 2017, with an amended exercise price of 35.5 cents per common share;
- 1,861,432 warrants issued June 12, 2017, with an amended exercise price of 35.5 cents per common share.
Under the terms of the warrants, if, for any 10 consecutive trading days, the closing price of the company's common shares on the Canadian Securities Exchange exceeds 44.375 cents, then the term of the warrants will be reduced to 30 days commencing seven days from the end of such 10-consecutive-trading-day period. On March 14, 2019, the closing price of the common shares exceeded 44.375 cents for 10 consecutive trading days. Accordingly, the expiry date for the warrants is now April 21, 2019. Any warrants unexercised as of the new expiry date will be void and of no effect whatsoever.
The company's warrants, issued on May 29, 2017, and June 12, 2017, with an exercise price of 45 cents per common share, which are not subject to the recent repricing (warrantholders who did not elect to sign the warrant amending agreement), will not be affected by the accelerated expiry date.
About True Leaf Medicine International Ltd.
True Leaf is a leading global cannabis and hemp wellness brand for pets. Inspired by the unconditional love pets give every day, the company returns that love through its wellness pet products, which help maintain and protect the natural vitality of its pet companions. Return the love is the purpose that drives the company's business and is at the heart of its values to bring happiness to pets and their owners.
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