Ayurcann Holdings Corp announced that it has grown its distribution network for its best-selling vapes and tinctures products to 1,000 points in Canada.
The cannabis company said it is growing its exposure and market share throughout Canada with the introduction of new brands such as Bravo6, Xplor, Her Highness, Hustle & Shake, Joints, and Vida coming to market.
Ayurcann also noted it is on a continuous path of profitability and growth.
READ: Ayurcann Holdings on a roll with significant rise in production and market growth in recreational cannabis
As well, the company reported that it has granted a total of 133,233 stock options as well as 821,500 restricted share units (RSUs) to certain Ayurcann directors, officers, employees, and consultants.
Each option, which vests immediately, is exercisable to purchase one company common share, at a price of $0.17 per share, for a period of three years from the date of grant.
Each RSU granted vests immediately. All of the RSUs (and any common shares issuable upon redemption) will be subject to a four month and one day hold period pursuant to the policies of the Canadian Securities Exchange and applicable securities laws.
Ayurcann is a leading Canadian cannabis extraction company specializing in the processing and co-manufacturing of pharma-grade cannabis and hemp to produce various derivative cannabis 2.0 products in the medical and recreational market.
Contact Sean at sean@proactiveinvestors.com