Delivra Health Brands Announces Grant of Incentive Stock Options

Rhea-AI Summary

Delivra Health Brands (TSXV: DHB, OTCQB: DHBUF), a leader in the health and wellness sector, has announced the grant of 14,000,000 incentive stock options. This resolution, passed by the Board on May 28, 2024, allows directors, officers, and employees to purchase shares at $0.05 each. These options vest annually over three years and have a five-year term. The initiative aims to align the interests of the company's insiders with its long-term performance and growth strategies.

Positive

• 14,000,000 incentive stock options granted, aligning insider interests with company performance.
• Options priced at $0.05, potentially profitable if share price increases.
• Five-year term and 1/3 annual vesting provide long-term incentives for company insiders.
• Resolution passed by Board of Directors signals strong internal support.

Negative

• Potential shareholder dilution with 14,000,000 new stock options.
• Low exercise price of $0.05 might suggest lower current valuation of shares.
• Options vesting over three years may not immediately reflect in company performance.

Vancouver, British Columbia--(Newsfile Corp. - May 28, 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, is pleased to announce that pursuant to a resolution passed by the Company's Board of Directors on May 28, 2024, it has granted an aggregate of 14,000,000 incentive stock options (the "Options") under the Company's 10% fixed stock option plan, to certain directors, officers and employees of the Company. The Options are exercisable at a price of $0.05 per common share, will have a term of five years from the date of grant, and will vest 1/3 annually from the date of grant. The Options are subject to the terms and conditions prescribed by the TSX Venture Exchange, and applicable securities laws.

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.

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

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210861

FAQ

What is the number of incentive stock options granted by Delivra Health?

Delivra Health has granted 14,000,000 incentive stock options.

At what price are the Delivra Health stock options exercisable?

The stock options are exercisable at a price of $0.05 per common share.

What is the duration of the Delivra Health stock options?

The stock options have a term of five years from the date of the grant.

When do the Delivra Health stock options vest?

The stock options vest 1/3 annually from the date of the grant.

What is the stock symbol for Delivra Health on the OTCQB market?

The stock symbol for Delivra Health on the OTCQB market is DHBUF.