Ayurcann To Launch New Cannabis Products, Grants Restricted Share Units

Ayurcann Holdings Corp AYURF AYUR (FSE:3ZQ0) has been working with provincial boards across Canada and has been rewarded with new SKUs coming to market over the next three months in high potency distillate vapes, concentrates and tinctures.

Upcoming summer launches include, but are not limited to:

• Fuego – Strawberry Cannacolada Vape

• Fuego – Death Baba Dablicator

• Hustle & Shake – BOBM high potency Vape

• Joints – Sunrise Surprise cannabinoids rich Vape

• Joints – Respite CBD oil 15g

• Oy Vapes – Kosher Honey Apple Kush Vape

• Coterie – Sour Tangerine Live Resin Vape

• Her Highness – Intimacy Oil

Management Agreements

Pursuant to certain consulting agreements entered into between the company and the company's acting directors, officers and consultants, the company and management have agreed that the aggregate quarterly management fee payment obligation in the amount of CA$83,750 ($65,237) will be settled in common shares in the capital of the company going forward, beginning on September 30, 2022.

Each quarterly payment is to be satisfied through the issuance of common shares calculated according to the greater of: ten-day volume weighted average price of the common shares on the CSE ending on the quarter end date; the discounted market price pursuant to the policies of the CSE; and CA$0.05. The common shares will be subject to a four month and one day hold period pursuant to the polices of the CSE and applicable securities laws.

RSU Grant

The company granted an aggregate of 1.22 million restricted share units to certain directors, officers, employees, and consultants of the company pursuant to the company's RSU plan. Each RSU granted vests immediately and all of the RSUs will be subject to a four month and one day hold period pursuant to the polices of the CSE and applicable securities laws.

Photo by Tim Foster on Unsplash

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