TORONTO, July 30, 2018 /CNW/ – Hill Street Beverage Company Inc. (“Hill Street” or “the Company”) (TSX-V: BEER), announced that it has granted options to purchase 7,934,510 common shares of the Company at an exercise price of $0.175 per share pursuant to the stock option plan of the Company. The options were granted to existing officers and directors of Hill Street.
In determining to grant options to directors and officers of Hill Street, the Board of Directors reviewed the recommendations of management and the Governance, Nominations and Compensation Committee. “The go-to-market strategy of the Company represents a reboot where we have kept its recipes and awards but rebuilt most of the management team,” said Terry Donnelly, CEO of Hill Street. “The options issued form a substantial component of the total remuneration for key hires given the Company’s performance-based culture.”
About Hill Street Beverage Company Inc. (TSXV:BEER)
Founded in 2008, Hill Street Beverage Company is the world’s most award-winning company exclusively focused on alcohol-free beer, wines, and adult format beverages. Hill Street products include: Vin(Zero) wines, Vintense wines, Hill Street Craft Brewed Lager, and Designated Draft beer. Hill Street’s award-winning products have won the Retail Council of Canada’s Grand Prix, and numerous medals and accolades including three Gold, two Silver, and two Bronze Medals at the U.S. Open Beer Championships, and a prestigious Double Gold Medal at the San Francisco International Wine Challenge. As a result of the Royal Assent of Canada’s Bill C-45, legislation to allow the sale of cannabis-infused beverages is to occur by October 17, 2019. Hill Street is currently applying for appropriate licenses to permit the production and sale of cannabis infused beverages in Canada, with the view of having infused products available for sale once the regulations permit. www.hillstreetbeverages.com
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SOURCE Hill Street Beverage Company Inc.
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