Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.21.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Warrant Activity

The following table shows warrant activity for the years ended December 31, 2020 and 2019.

 

    Number of shares     Weighted Average Exercise Price  
Warrants outstanding as of December 31, 2018     1,000     $ 6.00  
Warrants issued in connection with convertible debenture offering (see Note 11): Issued to convertible debenture holders     88,689       18.00  
Issued to 4Front as part of compensation     25,650     $ 14.46  
Warrants outstanding as of December 31, 2019     115,339     $ 17.28  
Warrants exercisable as of December 31, 2019     115,339     $ 17.28  

 

    Number of shares     Weighted Average Exercise Price  
Warrants outstanding as of December 31, 2019     115,339     $ 17.28  
Issued in conjunction with debt     20,747       18.00  
Issued in conjunction with agreement with former executive (see Note 15 – Stockholders’ Equity)     66,666     $ 6.00  
Warrants outstanding as of December 31, 2020     202,752     $ 13.64  
Warrants exercisable as of December 31, 2020     202,752     $ 13.64