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HEXO Announces Stock Option Grants to Directors, Officers and Employees

2018-07-11 19:34:00

GATINEAU, Quebec, July 11, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation ("HEXO" or the "Company") (TSX:HEXO) announces that it has made a grant of stock options under its stock option plan to certain of its directors and officers to acquire a total of 4,325,000 common shares of the Company. In addition, the Company has granted options to acquire an aggregate of 1,366,500 common shares of the Company to certain non-executive employees. All of the options are exercisable at a price of $4.89 per share. One-third of the options will vest on the one year anniversary of the date of grant and the balance will vest quarterly over two years thereafter. The options have a term of 10 years and are subject in all respects to the terms of HEXO's stock option plan and the requirements of the TSX.

“HEXO is pleased to be able to use this opportunity to provide all employees with stock options, allowing them to become owners as we continue to grow and prepare for the adult use market.  We’d like to thank them for their support and hard work over the last 5 years in helping us get to this stage in our growth” said Sebastien St-Louis, co-founder and CEO of HEXO.

About HEXO

HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with 300,000 sq. ft. of production capacity and has another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

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HEXO annonce l'octroi d'options d'achat d'actions à ses administrateurs, dirigeants et employés

2018-07-11 19:34:00

GATINEAU, Québec, 11 juill. 2018 (GLOBE NEWSWIRE) -- La société Hydropothecary (« HEXO » ou la « Société ») (TSX:HEXO)  annonce qu'en vertu de son régime d'options d'achat d'actions, elle a accordé des options d'achat d'actions à certains de ses administrateurs et dirigeants pour leur permettre d'acquérir un total de  4 325 000 d’actions ordinaires de la Société. De plus, la Société a accordé à certains employés non cadres des options en vue d'acquérir un total de 1 366 500 de ses actions ordinaires. Toutes les options sont exerçables au prix de 4,89 $ par action. Un tiers des options seront acquises à l'anniversaire d'un an à compter de la date d'attribution, et le solde sera acquis trimestriellement sur une période de deux ans par la suite. Les options ont une durée de 10 ans et sont soumises à tous égards aux dispositions du régime d'options d'achat d'actions de HEXO et aux exigences de la TSX.

« Chez HEXO, nous sommes heureux de pouvoir profiter de cette occasion pour offrir à tous les employés des options d'achat d'actions, ce qui leur permet de devenir propriétaires au fur et à mesure que nous poursuivons notre croissance et que nous nous préparons pour le marché pour les adultes. Nous tenons à les remercier pour leur soutien et leur travail acharné au cours des cinq dernières années et de nous avoir aidé à atteindre ce stade de notre croissance », a déclaré Sébastien St-Louis, cofondateur et PDG de HEXO.

À propos de Hexo HEXO crée et distribue des produits novateurs, faciles à utiliser et à comprendre pour servir le marché canadien du cannabis. L'un des producteurs les moins chers au pays, HEXO augmente rapidement sa capacité de production dans la perspective du marché du cannabis chez les adultes. La Société exploite actuellement une capacité de production de 300 000 pieds carrés et a un autre agrandissement de 1 000 000 pieds carrés qui devrait être terminé d'ici la fin de l'année. HEXO desservira le marché de l'usage adulte sous la marque HEXO, tout en continuant à servir ses clients du cannabis médical par l'entremise de la célèbre marque Hydropothecary.

La Bourse de  Toronto TSX et son fournisseur de services de réglementation (au sens attribué à ce terme dans les politiques de la Bourse de Toronto TSX) n’assument aucune responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Relations avec les investisseurs Jennifer Smith Gestionnaire des rapports financiers et des relations avec les investisseurs 1-866-438-THCX (8429) invest@thehydropothecary.com  www.THCX.com

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Invictus Secures Supply Agreement with British Columbia Liquor Distribution Branch

2018-07-11 17:00:19

VANCOUVER, July 11, 2018 /CNW/ - INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTC: IVITF; FRA: 8IS1) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with the BC Liquor Distribution Branch ("LDB") to supply the province with a selection of premium cannabis products for the upcoming recreational marketplace. Invictus' portfolio includes award-winning strains, supplied by our wholly-owned subsidiary, Acreage Pharms Ltd. ("Acreage Pharms"), located in Alberta.

"As a company with operations in BC, Invictus is immensely proud to have been selected to provide the LDB with quality cannabis products ahead of legalization on October 17, 2018," said Dan Kriznic, Chairman and CEO of Invictus. "We are looking forward to a partnership that will work to achieve our mutual objectives of building a safer marketplace for cannabis, while spurring economic activity here at home."

Beyond supply agreements, Invictus is working to develop and implement a strategic patient acquisition program aimed at winning market share for medical cannabis sales, in addition to its ambitious retail plan that involves establishing dispensaries across Western Canada. At the same time, Invictus is taking measured steps to expand our cultivation space and strain profile, as demand in the adult recreational market continues to grow.

The MOU with BC's LDB is the Company's first provincial supply agreement to service the adult-use market and falls in line with our multi-faceted sales and distribution strategy.

For more information, please visit www.invictus-md.com.

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B.C. Selects THC BioMed to Supply Recreational Adult-Use Cannabis

2018-07-11 15:00:19

THC.CSETHCBF - OTCTFHC.F

VANCOUVER, July 11, 2018 /CNW/ - THC BioMed Intl Ltd. ("THC" or the "Company") (CSE:THC) announces that it has been selected by the province to supply British Columbians with adult-use cannabis. THC has entered into an agreement through its wholly-owned subsidiary, THC BioMed Ltd. to supply non-medical cannabis to the B.C. Liquor Distribution Branch following legalization.

THC is very proud to be given this opportunity to have its products available for sale in British Columbia, beginning October 17, 2018.

In the supply agreement, B.C. agrees to purchase approximately 2,390,200 grams of cannabis from THC in the first 12 months of legalization at the prices set by the province. The cannabis will be in 19 different products and in the form of dried flower, pre-rolled and oil.

"This supply agreement cements our entry into the adult-use recreational market. For THC it brings a fundamental change as we now begin to exhibit our true strengths, allowing the business to grow organically," said John Miller, President and CEO of THC, "We look forward to providing adult Canadians with an exceptional product."

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Maricann Announces Third Consecutive Provincial Win - Signs MOU with BC Liquor Distribution Branch

2018-07-11 14:35:00

TORONTO, July 11, 2018 (GLOBE NEWSWIRE) -- Maricann Group Inc. (CSE:MARI) (FRANKFURT:75M) (OTCQB:MRRCF) (“Maricann” or the “Company”) is pleased to announce that it has been selected by the BC Liquor Distribution Branch (“BCLDB”) to enter into a memorandum of understanding (“MOU”) as a preferred licensed producer to initially supply approximately 3,621,900g (~3,622kg) of non-medical cannabis to BCLDB over the first 12 months following legalization.

Highlights

“Maricann is excited to enter into this MOU with BCLDB, and we are proud to work with them as a partner in this exciting launch phase,” said Geoff Kosar, Vice President Sales & Marketing, Maricann Group Inc.

For more information, visit the provincial government’s media channel at www.news.gov.bc.ca and on www.bclbcannabisupdates.com, where a complete list of licensed producers will be available.

About Maricann Group Inc.

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HEXO reaches supply agreement with BC’s Liquor Distribution Branch

2018-07-11 14:30:00

GATINEAU, Quebec, July 11, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation (“HEXO” or the “Company”) (TSX:HEXO) is proud to announce that it has entered into a memorandum of understanding with British Columbia’s Liquor Distribution Branch (BCLDB).

Under the deal, the Company will supply the province with its award-winning Elixir products, a line of easy-to-use, discreet  sublingual cannabis oil sprays. Elixir will be available in formulations of THC, CBD or  a 1:1 ratio in peppermint oil and introducing a natural cannabis taste in a medium-chain triglyceride (MCT) oil. Elixir is kosher-certified, gluten-free and will be available in a 15ml childproof spray bottle.

“We welcome the opportunity to partner with the Liquor Distribution Branch in British Columbia, a province that has always been at the forefront of cannabis culture in Canada. We are very proud that our smoke-free products will now be available in a province known for a health-conscious and outdoor lifestyle,” said Sebastien St-Louis, co-founder and CEO of HEXO.

About HEXO

HEXO creates and distributes innovative, easy-to-use and easy-to-understand products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO is rapidly increasing its production capacity in the lead up to the adult-use cannabis market. The Company currently operates with 300,000 sq. ft. of production capacity and has another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO will serve the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand.

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HEXO conclut une entente d’approvisionnement avec la Direction de la distribution des alcools de la C.-B.

2018-07-11 14:30:00

GATINEAU, Québec, 11 juill. 2018 (GLOBE NEWSWIRE) -- La société Hydropothecary (« HEXO » ou la « Société ») (TSX:HEXO) est fière d’annoncer qu’elle a conclu un protocole d’entente avec Direction de la distribution des alcools de la Colombie-Britannique.

En vertu de l’entente, la Société fournira à la province ses produits primés de la gamme Elixir qui comprend trois vaporisateurs sublinguaux d’huile de cannabis, discrets et faciles à utiliser. Elixir sera offert en formulations de THC, de CBD ou d’une combinaison 1:1 dans une huile de menthe poivrée ou une huile comestible de triglycéride à chaîne moyenne (TCM). Disponibles dans un contenant de 15 ml à l’épreuve des enfants, ces produits sont certifiés casher et sans gluten.

« Nous sommes heureux de pouvoir collaborer avec la Direction de la distribution des alcools de la Colombie-Britannique, une province qui a toujours été à la pointe de la culture du cannabis au Canada, a déclaré Sébastien St-Louis, cofondateur et PDG d’HEXO. Nous sommes très fiers que nos produits sans fumée soient maintenant disponibles dans une province reconnue pour son mode de vie sain et axé sur les activités de plein air. »

À propos de Hexo

HEXO crée et distribue des produits novateurs, faciles à utiliser et à comprendre pour servir le marché canadien du cannabis. L'un des producteurs les moins chers au pays, HEXO augmente rapidement sa capacité de production dans la perspective du marché du cannabis chez les adultes. La Société exploite actuellement une capacité de production de 300 000 pieds carrés et a un autre agrandissement de 1 000 000 pieds carrés qui devrait être terminé d'ici la fin de l'année. HEXO desservira le marché de l'usage adulte sous la marque HEXO, tout en continuant à servir ses clients du cannabis médical par l'entremise de la célèbre marque Hydropothecary.

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Supreme Cannabis Enters Into MOU with BC Liquor Distribution Board

2018-07-11 14:00:31

TORONTO, July 11, 2018 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV:FIRE), today announced that the Company's wholly owned subsidiary, 7ACRES, has entered into a memorandum of understanding ("MOU") with the British Columbia Liquor Distribution Board ("BCLDB") to supply recreational cannabis to BC's private cannabis retailers.

Under the terms of the MOU, 7ACRES will supply the BCLDB with 553 kg of cannabis over a 12-month period. All 7ACRES product will be listed in the top-tier brand category in BC – consistent with other provincial supply agreements 7ACRES has signed.

"British Columbia is a bellwether province for the recreational cannabis space – we consider it one of the most informed and discerning consumer markets for cannabis in the country. It is a testament to our brand, culture and our people that we will be listed in the highest brand category in BC," said John Fowler, CEO of Supreme Cannabis.

British Columbia becomes Supreme Cannabis' third provincial recreational partner alongside Manitoba and Alberta. The Company will provide updates on further provincial partners as they become available. With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.

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Invictus Joins Forces with ABG, World-Leading Branding Company, to Launch Lifestyle-Inspired Cannabis Brands

2018-07-11 09:00:30

VANCOUVER, July 11, 2018 /CNW/ - INVICTUS MD STRATEGIES CORP. ("Invictus" or the "Company") (TSXV: GENE; OTC: IVITF; FRA: 8IS1) today announced that it has entered into a licensing and marketing services agreement with Authentic Brands Group ("ABG"), a global brand owner and marketing company, to develop a collection of lifestyle-inspired cannabis brands that will launch initially in Canada and rollout in key territories around the world.

Invictus will tap into ABG's portfolio to develop all-new, lifestyle-inspired cannabis brands that feature its high-quality products for patients and recreational adult users. Products will include dried flowers, oils and concentrates, and consumables that will be rolled out through Invictus' wholly-owned and fully-licensed producer, Acreage Pharms Ltd. ("Acreage Pharms").

"As a first-mover in this new industry, we continue to build a foundation for success by bringing together the world's leaders in business, management, finance, agriculture, and more," said Dan Kriznic, Chairman and CEO of Invictus. "With a portfolio of 30-plus iconic and world-renowned brands that have significant global retail presence, ABG is a leader in brand development and our partnership with them reinforces our long-term growth plan."

Invictus will explore key lifestyle brands from ABG's archival portfolio that have positive resonance, untapped potential, and naturally extend into cannabis products, such as Garden of Earthly Delights, Zooey, and Sinister. The company will also tap into ABG's brand building expertise to potentially incubate an entirely new brand for the space.

"We are constantly looking for ways to innovate and activate some of the more specialized  intellectual property within the ABG portfolio, said Jamie Salter, Founder, Chairman, and CEO of ABG. "We've recognized that cannabis is a growing product category within the health, wellness, and lifestyle spaces and our partnership with Invictus allows us to test the waters in this important, emerging market."

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Supreme Cannabis to Double Annual Production

2018-07-11 08:00:00

TORONTO, July 11, 2018 /CNW/ - The Supreme Cannabis Company ("Supreme" or the "Company") (TSXV:FIRE), today announced that it has obtained Health Canada approval to commence cultivation on approximately 30,000 square feet of additional flowering rooms at its 7ACRES facility. The new capacity is expected to double 7ACRES' estimated annual production from 5,000kg to 10,000kg.

The proprietary technology and modular design of 7ACRES' facility has allowed for the rapid scaling of operations while maintaining industry-leading product quality, production standards and minimizing execution risk.

"Since receiving its license just over 24 months ago, 7ACRES has demonstrated that it is one of the fastest scaling producers in the industry, having added more than 60,000 square feet of flowering capacity over this brief period," said John Fowler, CEO of Supreme. "With this capacity expansion, 7ACRES is positioned as a top producer and the leading recreational brand for adult consumers seeking a high-quality product."

Total completion of growing rooms at the 342,000-square foot 7ACRES facility is on schedule for completion in December 2018.

To date, the Company has announced supply agreements with the provinces of Manitoba and Alberta, and have submitted applications with other provinces.  With an annual production capacity expected to reach 50,000 kg once the 7ACRES facility is fully operational, the Company is committed to supplying premium-quality cannabis flower to the Canadian recreational market from coast-to-coast.

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