VANCOUVER, British Columbia, Jan. 10, 2017 (GLOBE NEWSWIRE) -- GLOBAL GARDENS GROUP INC. (THE “COMPANY”) (TSX-V:VGM) announces that it has granted an aggregate of 6,900,000 incentive stock options to directors, officers and consultants of the Company, at an exercise price of $0.11 per common share issuable on exercise of the stock options. The stock options are exercisable for a five-year period from the date of grant and vest immediately upon grant.
The Company approved and adopted a new “fixed” stock option plan (the “New Plan”) on January 10, 2017. The New Plan replaces and supersedes the Company’s previous “rolling 10%” stock option plan that was originally adopted in December 2016.
After giving effect to this stock options grant, a total of 12,215,000 stock options will be issued and outstanding with 1,098,900 remaining for future issuance under the Company’s New Plan.
About Veggemo
The Veggemo product line is the first and only non-dairy beverage to originate from vegetables and is Global Garden Group’s (VGM) showcase product for the dairy-free industry. Veggemo is available in 3 variants: Original, Unsweetened and Vanilla flavors. The Dairy-free industry continues to witness dynamic growth led by the development of plant-based food and beverages.
About Global Gardens Group
Global Gardens Group is comprised of a highly experienced management team and board that have provided senior leadership to many consumer brands, corporate finance companies and Canadian investment banks. This list includes Neilson Dairy, Ben & Jerry’s and Haagen Dazs Ice Cream, Gillette, P&G, Cadbury Schweppes, Sunkist, Primo Pasta, Price Waterhouse Coopers, Desjardins Securities Inc., Orion Securities Inc., Vengate Capital, HSBC Securities Inc. and Gordon Capital.
For further information, please contact:
Rob Harrison
President & CEO
Global Gardens Group Inc.
T: 604.351.7609
E: rob@globalgardensgroup.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.