Cannabix Technologies Inc (BLOZF)

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Subsequent Event — MD&A & Financials were Filed August 28th

On May 11, 2020, the Company granted 1,565,000 stock options exercisable at $0.50 per common share for a period of five years to officers and directors of the Company and 225,000 stock options exercisable at $0.50 per common share for a period of two years to consultants.

I listed that for a reason — If you read the Financials which was also Filed today you’ll see the Options and how their listed

.07 BLO Options and .13 BLO Options did Exercise and still some left but they Cancelled those that were $2.20 BLO of 1,575,000 Options and were Awarded after those .07 or .13 BLO and still some lingering still with an weighted average exercise price of .07 BLO

So why Cancel the $2.20 Options ??

Options are set at 10% of the Outstanding that can be gave and can’t Grant more than 10% of the Outstanding

Un-Exercised Options count in the 10% Total that can be Awarded and cancelling recent Options over some really Old Options gave at .07 BLO — Free’s Up Options to be Awarded at a cheaper price as I List in the Quote above for .50 BLO

At the Present Time there is roughly just under 7M Un-Used so about 3.05M more could be Awarded - JMO

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00034382&issuerType=03&projectNo=03107531&docId=4790710