Harvest One to convert all 8% debentures due 2022 into common shares

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – Harvest One Cannabis Inc. will exercise its option to convert all of its 8% convertible debentures due Dec. 14, 2022 plus accrued interest into common shares of the company, according to a news release.

The conversion price will be C$0.84. The mandatory conversion is expected to be completed on or about March 28.

The mandatory conversion option was triggered because the volume weighted average price of the common shares on the TSX Venture Exchange for 30 consecutive trading days equaled or exceeded C$1.40.

Harvest One is a Vancouver, B.C.-based global cannabis company serving medical and recreational markets.

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