(TheNewswire)
TORONTO, Ontario – TheNewswire - January12, 2024. Hill Incorporated, formerly Hill Street Beverage CompanyInc. (TSXV:HILL) (OTC:HSEEF) (" Hill ” or the" Company "), announces today that it has granted an aggregate of33,600 restricted share units (the “ RSUs ”) under itsRSU Plan to certain directors as incentive compensation for boardservices.
The RSUs are being granted subject to the Company’sRSU Plan approved by shareholders at its Annual General and SpecialMeeting Of Shareholders held on May 2, 2023. The number of RSUsgranted to each of the certain directors was calculated based on adeemed price of $3.75 each, and each vested RSU entitles the holder toacquire one common share of the Company. 100% of the RSUs are set tovest on January 12, 2025.
The RSU grant is subject to acceptance of the TSXVenture Exchange.
About Hill Incorporated (TSXV: HILL)/ (OTCQB: HSEEF)
Hill Incorporated is a progressive bioscienceimplementation company that is dedicated to building pathways tobetter and healthier living by leveraging our deep CPG expertise tocommercialize leading-edge technologies to craft superior cannabissolutions and non-alcoholic beverage products globally. Our HillAvenue Cannabis business unit is pioneering the space where craftconsumer products meet bioscience by combining our deep CPGcommercialization expertise with our rights to use LexariaBioscience Corp’s ground-breaking DehydraTECH patentportfolio for product development, licensing and B2B and B2C salesof cannabis ingredients or products on a global scale. Our Hill StreetBeverages business unit represents the Company’s legacy alcohol-freeconsumer beverage marketing and distribution business.
For more information on our business activities visit www.hillincorporated.com , to learnmore about our DehydraTECH cannabis biodelivery technology, go to www.dehydratech-thc.com , or tocheck out Hill Street Beverage’s award-winning alcohol-free wineline-up and order product to be delivered straight to your home, go to www.hillstreetbeverages.com .
If you wish to sign up for the Hill Incorporatedmailing list, click HERE .
For more information, contact:
Matthew Jewell, Chief Financial Officer
Email: matthew@hillincorporated.com
Phone: 604-609-6154
FORWARD-LOOKING STATEMENTS
Statements in this press release may containforward-looking information. Any statements in this press release thatare not statements of historical fact may be deemed to beforward-looking statements. Forward-looking statements are oftenidentified by terms such as “may”, “should”, “would”,“anticipate”, “expects”, and similar expressions. The readeris cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect.Events or circumstances, such as future availability of capital onfavourable terms, may cause actual results to differ materially fromthose predicted, as a result of numerous known and unknown risks,uncertainties, and other factors, many of which are beyond the controlof the Company. The reader is cautioned not to place undue reliance onany forward-looking information. Such information, although consideredreasonable by management at the time of preparation, may prove to beincorrect and actual results may differ materially from thoseanticipated. Forward-looking statements contained in this pressrelease are expressly qualified by this cautionary statement. Theforward-looking statements contained in this press release are made asof the date of this press release. The Company does not undertake anyobligation to update publicly or to revise any of the includedforward-looking statements, whether as a result of new information,future events or otherwise, except as required by securitieslaw.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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