GATINEAU, Quebec, May 24, 2018 (GLOBE NEWSWIRE) -- The Hydropothecary Corporation (“THCX” or the “Company”) (TSX-V:THCX) announced today that it has elected to exercise its right under the warrant indenture (the “Indenture”) governing the common share purchase warrants of the Company issued on November 24, 2017 (the “Warrants”) to accelerate the expiry date of the Warrants. Pursuant to the terms of the Indenture, the Company may accelerate the expiry date of the Warrants if, at any time prior to November 24, 2019, the closing trading price of the common shares of the Company (the “Common Shares”) on the TSX Venture Exchange (“TSX-V”) equals or exceeds $4.50 for a period of at least 10 consecutive trading days. As of the close of markets on May 23, 2018, the closing trading price of the Common Shares on the TSX-V exceeded $4.50 for more than 10 consecutive trading days.
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