Inner Spirit Holdings Ltd. - Warrants
Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores, all operated with an entrepreneurial spirit and with the goal of creating deep and lasting ties within their local communities. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.
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In two closings (May 24, 2019 and June 7, 2019 i.e. Closing Date), the Company issued to the public 10,000 Units of 12% Senior Secured Convertible Debenture (“Convertible Debentures”) for total gross proceeds of $10,000,000. Each unit consisted of one debenture in the principal amount of $1,000 and 2,000 common share purchase warrants (the "Warrant" or “Warrants”).
Each Warrant entitles the holder thereof to purchase one common share of the Company at an exercise price of $0.25 for a period of eighteen (18) months following the Closing Date.
The warrants expire November 24, 2020.
Inner Spirit Holdings Ltd. - Warrants (ISH.WT)
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