Earnings Recap: OrganiGram Holdings Inc (OGRMF), Earth Science Tech Inc (ETST), Canopy Growth Corporation (TWMJF)
OrganiGram Holdings Inc (OTCMKTS:OGRMF) showing dropped of -4.11% and closed at $1.60, after gaining total volume of 187,356.00 shares. It has total market capitalization of $164.05 million and a total of 98.29 million outstanding shares.
OrganiGram Holdings Inc (OGRMF) on March 15, 2017 announced that it has issued an aggregate of 1,500,000 incentive stock options to Greg Engel, a director of the Company and the Company’s Chief Executive Officer, at an exercise price of $2.36 per share.
In accordance with Mr. Engel’s employment contract, 266,666 of the Options shall vest on March 13, 2018; 266,667 of the Options shall vest on March 13, 2019; and 266,667 of the Options shall vest on March 13, 2020.
Additionally, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $4.76/share; and, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $7.14/share. In each instance, the common shares of the Company must trade at or greater than the price set forth above for a period of not less than 20 consecutive trading days.
All of the above-mentioned options have been granted pursuant to the Company’s Stock Option Plan which has been previously approved by the Company’s shareholders and the TSX Venture Exchange. In accordance with the Plan, all such options shall expire 10 years after issuance.
Earth Science Tech Inc (OTCMKTS:ETST) reported the plunge of -2.45% and closed at $1.99, with the total traded volume of 17,778.00 shares. During last trade its minimum price was $1.90 and it gained its highest price of $2.09 and has a total of 81.42 million outstanding shares.
On February 9, 2017 Earth Science Tech, Inc. (ETST), an innovative biotech company, which focuses on cannabis-industrial hemp, cannabinoid research and development, nutraceuticals and pharmaceuticals is proud to announce that four new scientists and doctors have joined the company’s Advisory Board. ETST strategy of recruiting industry experts to help expand and increase the Development of Cannabinoids’ Therapeutic Indications, R&D, Technology, IP and Treatments. These Four Distinguished Scientists and Doctors will serve on the board of advisory for Earth Science Tech and or its two wholly owned subsidiaries, Cannabis Therapeutics Inc., and Earth Science Pharmaceutical Inc.
Dr. Laurent Azoulay, PhD.
Laurent Azoulay, Ph.D., has joined both the Cannabis Therapeutics Inc. and Earth Science Pharmaceutical Inc. Advisory Boards. He is an Associate Professor of Oncology at McGill University, where he actively researches cancer pharmacoepidemiology, which includes evaluating the safety of cancer drugs at a societal level.
After receiving his PhD in 2007 from the Université de Montréal, he completed a postdoctoral fellowship in pharmacoepidemiology at the Department of Epidemiology, Biostatistics and Occupational Health, McGill University. He then joined the Gerald Department of Oncology as an Assistant Professor in 2009. In 2016, he was promoted to the rank of Associate Professor with a cross-appointment with the Department of Epidemiology, Biostatistics and Occupational Health.
Dr. Chandra Panchal, PhD.
Chandra Panchal, Ph.D., has joined the Cannabis Therapeutics Inc., Earth Science Pharmaceutical Inc., and Earth Science Tech Inc. Advisory Boards. He is a serial entrepreneur with a wealth of expertise acquired from 28 years of experience in the biotech/pharmaceutical sector.
Canopy Growth Corporation (OTCMKTS:TWMJF) increased -4.77% closed at $7.36 and traded with total volume of 387,824.00 shares, while the average trading remained 377,483.00 shares. During last trade its minimum price was $7.36 and it gained the highest price of $7.87. Its market capitalization was $1.23 billion.
Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dry cannabis and oil products primarily under the Tweed and Bedrocan brands. It also sells its products through online. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. The company is headquartered in Smiths Falls, Canada.