Delivra Health Brands Announces Adoption of a New Fixed Share Option Plan

Rhea-AI Summary

Delivra Health Brands Inc. (DHBUF) announces the adoption of a new 10% fixed stock option plan approved by the TSX Venture Exchange. The plan allows for the granting of options to acquire up to 31,261,785 common shares, replacing the previous plan announced in 2020.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2024) - Delivra Health Brands Inc. (TSXV: DHB) (OTCQB: DHBUF) ("Delivra Health" or the "Company"), a consumer packaged goods company uniquely positioned in the health and wellness sector, announced today that its Board of Directors has adopted a new 10% fixed stock option plan (the "Stock Option Plan"), which has been approved by the TSX Venture Exchange ("TSXV"). The Stock Option Plan replaces the Company's previous 10% fixed stock option plan, announced on July 14, 2020 (the "Predecessor Plan").

Under the Stock Option Plan, the Company may grant options to acquire up to 31,261,785 common shares of the Company, representing 10% of the Company's current issued and outstanding common shares, subject to the terms and conditions prescribed by the TSXV, and applicable securities laws. Any options outstanding under the previous stock option plan will be governed by the new Stock Option Plan.

About Delivra Health Brands Inc.

Helping people take control of their health with alternative wellness solutions is what energizes the Delivra Health team! The Delivra Health portfolio features innovative brands like Dream Water® and LivRelief™, which deliver relief from common everyday issues like chronic pain, anxiety, and sleeplessness. Delivra Health products have allowed millions of customers to reclaim their mobility, energy, and in turn, quality of life. The websites of the Company's two subsidiaries are  Dream Water® and  LivRelief^TM. For more information, please visit  www.delivrahealthbrands.com.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accept responsibility for the adequacy or accuracy of this release.

Investor Relations:
Jack Tasse
Chief Financial Officer
IR@delivrahealth.com
1-877-915-7934

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202453

FAQ

What is the new stock option plan adopted by Delivra Health Brands Inc. (DHBUF)?

Delivra Health Brands Inc. (DHBUF) has adopted a new 10% fixed stock option plan approved by the TSX Venture Exchange.

How many common shares can be acquired under the new Stock Option Plan?

Under the new Stock Option Plan, Delivra Health Brands Inc. (DHBUF) may grant options to acquire up to 31,261,785 common shares.

What does the new Stock Option Plan replace?

The new Stock Option Plan replaces the previous 10% fixed stock option plan announced on July 14, 2020.

Who approved the new Stock Option Plan?

The new Stock Option Plan was approved by the TSX Venture Exchange.