A small Vancouver-based healthcare stock announced today that 2,500,000 previously issued stock options granted to Directors, management and consultants on September 24, 2018 covering 2,500,000 shares have been cancelled. Global Hemp Group Inc. (CSE:GHG) said that the exercise price of the cancelled stock option agreements was $0.16 per share. The stock options were voluntarily surrendered by the holders for no consideration.
Global Hemp is a Canadian company, principally active in agriculture and manufacturing in the industrial hemp sector. The firm is cultivating hemp at projects in New Brunswick and in the United States.
Traders viewed this non-diluting headline as a positive, as shares traded up to $0.08/share (+33%) at the session high. This move is a strong continuation of the success the stock has had over the last few months.