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Pixel phones only use Adaptive Charging if your alarm is set between certain hours


#GlobeNewswire

#Indiva #Grants #Incentive #Stock #Options and #Announces #Interest #Payment on #Debentures

LONDON, #Ontario, #Dec. 31, 2020 (GLOBE NEWSWIRE) — #Indiva #Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), the leading #Canadian producer of cannabis edibles, is pleased to announce that the #Company has granted 630,000 incentive stock options (the “Options”) to certain employees and an executive officer. The #Options have an exercise price of $0.30 per share and will be valid until #December 30, 2025. The #Company’s #Stock #Option #Plan allows for issuances of up to 10% of issued and outstanding share capital in the form of incentive stock options. #As a result of the grant, the company has a total of 8,158,333 stock options issued, representing approximately 7% of the issued and outstanding share capital. The #Company is also pleased to announce it has entered into shares for debt agreements, to satisfy an aggregate of $45,750 (“#Debt”) in relation to accrued but unpaid portions of the interest payments outstanding (“#Interest”) under certain convertible debentures of the #Company issued in Q4 2019 and Q1 2020 (the “#Debentures”). The #Debt will be satisfied by the issuance of common shares (“#Shares”) of the #Company. The creditors include certain related parties of the #Company, including #John A #Marotta, a director of the #Company, #Andre #LaFleche, a director of the #Company, #Niel #Marotta, the CEO and a director of the #Company and #Jennifer #Welsh, the CFO of the #Company (collectively, the “#Related #Parties”). #Every other creditor is an arm’s length party who subscribed for convertible debentures of the #Company.#An aggregate of 183,000 #Shares at a deemed price of $0.25 per #Share are proposed to be issued to the creditors which includes an aggregate of 152,000 #Shares to be issued to the #Related #Parties. #An aggregate of 100,000 #Shares are proposed to be issued to #John A #Marotta, a director of the #Company, representing the extinguishment of $25,000 in #Interest amounts owing. #An aggregate of 40,000 #Shares are proposed to be issued to #Andre #Lafleche, a director of the #Company, representing the extinguishment of $10,000 in #Interest amounts owing. #An aggregate of 10,000 #Shares are proposed to be issued to the #Company’s CEO, #Niel #Marotta representing the extinguishment of $2,500 in #Interest amounts owing. #An aggregate of 2,000 #Shares are proposed to be issued to the #Company’s CFO, #Jennifer #Welsh representing the extinguishment of $500 in #Interest amounts owing.The #Company offered all #Debenture holders the opportunity to elect to receive common shares of the #Company in lieu of a cash payment for the #Interest in order to preserve its cash for development of its business. The #Shares will be issued upon acceptance by the TSX #Venture #Exchange. The #Shares issued pursuant to the shares for debt agreements will be subject to a four month plus one day hold period pursuant to the policies of the TSX #Venture #Exchange.The shares for debt transaction involving the #Related #Parties will constitute a “related party transaction” under #Multilateral #Instrument 61-101 – #Protection of #Minority #Securityholders in #Special #Transactions (“MI 61-101”). #However, the issuance is exempt from: (i) the valuation requirement of MI 61-101 by virtue of the exemption contained in #Section 5.5(b), as the shares into which the #Units are convertible are not listed on a market specified in MI 61-101, and (ii) from the minority shareholder approval requirement of MI 61-101 by virtue of the exemption contained in #Section 5.7(1)(a) of MI 61-101, as the fair market value of the #Shares does not exceed 25% of the #Company’s market capitalization. The participation by the #Related #Parties in the shares for debt transactions has been approved by directors of the #Company who are independent in connection with such transaction.COVID-19 #Government and private entities are still assessing the present and future effects of the COVID-19 pandemic. #Indiva has continued to operate with enhanced health and safety protocols in place to protect its employees. The #Company continues to assess the customer, supply chain, and staffing implications of COVID-19 and is committed to making continuous adjustments to minimize disruption and impact. #Indiva will remain proactive in its response to the pandemic and compliant with any and all provincial and/or federal policy enacted to protect #Canadians.ABOUT INDIVAIndiva sets the standard for quality and innovation in cannabis. #As a #Canadian licensed producer, #Indiva creates premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. #In #Canada, #Indiva produces and distributes the award-winning #Bhang® #Chocolate, #Wana™ #Sour #Gummies, #Ruby® #Cannabis #Sugar, #Sapphire™ #Cannabis #Salt, #Artisan #Batch, and other #Powered by INDIVA™ products through license agreements and partnerships. #Click here to connect with #Indiva on #LinkedIn, #Instagram, #Twitter and #Facebook, and here to find more information on the #Company and its products.INVESTOR CONTACT #Anthony #Simone #Phone: 416-881-5154 #Email: [email protected] AND READER ADVISORYNeither the TSX #Venture #Exchange nor its #Regulation #Services #Provider (as that term is defined in the policies of the TSX #Venture #Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.#Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. #Actual future results may differ materially. #In particular, this release contains forward-looking information relating to the approval of the TSX #Venture #Exchange of the transactions contemplated herein. #All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to vary from those expressed or implied by such forward-looking statements. #Forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. #Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the #Company satisfying the conditions for TSX #Venture #Exchange approval of the transactions herein. #Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions on the date of this news release, the #Company cannot assure investors that actual results will be consistent with these forward-looking statements. #None of the #Securities have been or will be registered under the #United #States #Securities #Act of 1933, as amended, and may not be offered or sold in the #United #States absent registration or an applicable exemption from the registration requirements. #This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would require registration or otherwise be unlawful.



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https://au.finance.yahoo.com/news/pixel-adaptive-charging-alarm-084525543.html

##Pixel #phones ##Adaptive ##Charging #alarm #set #hours

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