Kalytera Therapeutics, Inc. (the “Company” or “Kalytera”) (TSXV: KALY) announces that it has granted stock options on January 9, 2017 to purchase 170,466 common shares of the Company to a director. The stock options have an exercise price of $0.52 per common share and expire ten years from the date of grant. One-third of the options granted will vest on December 30, 2017 and the remaining options will vest in twenty-four (24) equal monthly installments commencing January, 2018.
Kalytera is pioneering the development of a next generation of cannabinoid therapeutics. Through its proven leadership, drug development expertise, and intellectual property portfolio, Kalytera seeks to establish a leading position in the development of novel cannabinoid medicines for a range of important unmet medical needs.
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