PharmaCielo Announces RSU Grant

TORONTO, Nov. 8, 2019 /CNW/ - PharmaCielo Ltd.A("PharmaCielo" or the "Company") (TSXV:PCLO, OTC:PHCEF) today announced that on November 5, 2019 (the "Grant Date") the board of directors approved and granted 25,000 restricted share units ("RSUs") to Carlos Manuel Uribe, a director of the Company, which all vest on the Grant Date.AEach RSU entitles the holder to receive one common share in the capital of the Company (each a "Common Share") upon vesting.
PharmaCielo Announces RSU Grant
The RSUs are governed by the RSU plan approved by the shareholders of the Company on May 23, 2019 (the "RSU Plan"). The number of Common Shares that may be reserved for issuance pursuant to the awards granted under the RSU Plan is 3,531,125. After this issuance of RSUs to Mr. Uribe, there are 1,158,000 RSUs issued and outstanding.About PharmaCielo
PharmaCielo Ltd. (TSXV:PCLO, OTC:PHCEF) is a global company, headquartered in Canada, with a focus on ethically and sustainably processing and supplying all natural, medicinal-grade cannabis oil extracts and related products to large channel distributors. PharmaCielo's principal (and wholly owned) subsidiary is PharmaCielo Colombia Holdings S.A.S., headquartered at its nursery and propagation centre located in Rionegro, Colombia.The boards of directors and executive teams of both PharmaCielo and PharmaCielo Colombia Holdings are comprised of a diversely talented group of international business executives and specialists with relevant and varied expertise. PharmaCielo recognized the significant role that Colombia's ideal location will play in building a sustainable business in the medical cannabis industry, and the Company, together with its directors and executives, is executing on a business plan focused on supplying the international marketplace.
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