OAKLAND, CA and TORONTO, Ontario – September 1, 2020 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), today announced that it has granted options (each, an “Option”) to purchase an aggregate of 2,235,000 subordinate voting shares of the Company (“SVS”) to certain directors and officers of the Company. Each Option is exercisable into one SVS in the capital of the Company at an exercise price per SVS equal to the greater of: (i) the closing price of the SVS on June 8, 2020 (the last trading date immediately prior to suspension of trading of the SVS); (ii) the closing price of the SVS on September 2, 2020; and (iii) the closing price of the SVS on September 3, 2020. The Options will expire five years from the date of grant and are subject to vesting conditions. All Options were granted in accordance with Harborside’s equity incentive plan adopted by the board of directors of the Company on June 30, 2020 (the “Plan”). A copy of the Plan is available under the Company’s SEDAR profile at www.sedar.com.
Posted on September 1, 2020