CLS Holdings USA, Inc. Announces Amendments to Convertible Debentures and Underlying Warrants – StreetInsider.com

CLS Holdings USA, Inc. Announces Amendments to Convertible Debentures and Underlying Warrants <!– –>

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 3/31/2021

March 31, 2021 2:56 PM EDT
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

LAS VEGAS, NV / ACCESSWIRE / March 31, 2021 / CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH), the ”Company” or ”CLS”, a diversified cannabis company operating as Cannabis Life Sciences, today announced that following receipt of the requisite approval of debentureholders and the Canadian Securities Exchange, it has amended the terms of its outstanding US$13,500,150 principal amount unsecured convertible debentures (the “December Debentures”) issued December 12, 2018 by, among other things, (i) reducing the conversion price from US$0.80 per unit to US$0.30 per unit; (ii) extending the maturity date of the December Debentures from December 12, 2021 to December 12, 2022; and (iii) reducing the mandatory conversion VWAP threshold from US$1.20 to US$0.60 per share of

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top