CBD Market Segments That Experts are Projecting to Rise - Seite 3

1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF), a licensed cultivator and producer of cannabis flower and concentrates and manufacturer of hemp-derived CBD wellness products, recently announced that its Canna HempX products have been introduced at Xtreme Couture MMA, a world class mixed martial arts ("MMA") gym and pro shop in Las Vegas, the biggest MMA city in the world.

Infused MFG. ("Infused"), a subsidiary of the Company and manufacturer of Canna HempX branded products, announced earlier this week the launch of a new Action Sports Division, specifically established in partnership with professional athletes to market its cannabinoid ("CBD") sports recovery cream.

OrganiGram Holdings Inc. (TSX-V: OGI.V) (OTCQX: OGRMF) recently announced that it has elected to exercise its right under the indenture (the "Indenture") governing the Company's 6.0% convertible unsecured debentures due January 31, 2020 (the "Debentures") to convert (the "Conversion") all of the principal amount outstanding of the remaining Debentures on April 1, 2019 (the "Conversion Date") into common shares of the Company (the "Common Shares").

Pursuant to the terms of the Indenture, the Company may force the conversion of the Debentures at the conversion price of $5.42 per Common Share when the volume weighted average trading price ("VWAP") of the Common Shares on the TSX Venture Exchange (the "Exchange") for 10 consecutive trading days exceeds $7.05.

As of close of markets February 26, 2019, the VWAP of the Common Shares on the Exchange for 10 consecutive trading days exceeded $7.05. The Conversion is scheduled to be effective on or around April 1, 2019. Therefore, on April 1, 2019, the estimated remaining total of approximately $98,024,000 (face value) of Debentures outstanding will be converted into approximately 18,085,608 Common Shares, and accrued interest (less any required deductions or withholdings) will be paid.  The Corporation will not issue fractional Common Shares on the Conversion. Instead, the Corporation shall, in lieu of delivering a certificate representing such fractional interest, make a cash payment to the holder of an amount equal to the fractional interest in accordance with the Indenture.