Dixie Brands Announces Warrant Extension

DENVER, Sept. 23, 2019 /CNW/ - PRESS RELEASE - Dixie Brands Inc., one of the cannabis industry's leading consumer packaged goods (CPG) companies, has announced that it has extended for one year the expiry date of 27,235,027 share purchase warrants issued on Oct. 1, 2018 in conjunction with the company's non-brokered private placement of $25 million. Each warrant entitles the holder to purchase one Subordinate Voting Share of Dixie at an exercise price of $1.32 per share. The new expiry date for the Warrants is Oct. 1, 2020. The exercise price and all other terms of the Warrants remain unchanged. All figures are in U.S. dollars.