26 Mar Labrador Grants Stock Options to Leader of Its Initial Token Offering
Labrador Grants Stock Options to Leader of Its ITO
Labrador Technologies Inc. has granted incentive stock options under the corporation’s current stock option plan to Kelby Price, Vice-President of Corporate Development, to acquire up to 820,000 common shares of the corporation. The exercise price of the options is five cents, with the options vesting immediately. The stock options granted will have an expiry date of March 23, 2023.
“I am encouraged by the recent senate vote result of Bill C-45, which brings cannabis legalization one step further,” states Ms. Price. “Our goal is to use our initial token offering (ITO) to create a new cannabis community utilizing cannabis data, tokens and our software. It is the quality of cannabis data that will be so critical to the flourishing of this new industry, and Labrador has been working with big data since 1981.”
Any ITO to be completed by the corporation is subject to receipt of applicable regulatory approvals.
This stock option grant remains subject to TSX Venture Exchange approval.
About Labrador Technologies Inc.
Labrador Technologies is a Calgary, Alta., based software development firm providing map-based solutions for industries seeking a visual interpretation of financial reporting.
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