In This Article:
TORONTO, March 06, 2023 (GLOBE NEWSWIRE) -- Mountain Valley MD Holdings Inc. (the “Company” or “MVMD”) (CSE: MVMD) (OTCQB: MVMDF) (FRA: 20MP), an early-stage biotech business centered around the implementation, licensing and reselling of key technologies and formulations, today announced the grant of stock options pursuant to its existing stock option plan (the “Stock Option Plan”).
“We continue to leverage option-based compensation as a key incentive tool in an effort to fully align our team’s efforts on our specific business outcomes and our overall objective of creating long term shareholder value,” stated Dennis Hancock, President and CEO of MVMD. “Our commercialization plans in the coming fiscal year are a very important milestone for MVMD. Providing our team members with an opportunity to have ownership in the company is a significant way to reward the extraordinary work effort that comes within a biotech startup culture and aids in preserving cash expenditures.”
The Board has granted to certain directors, officers, and consultants an aggregate of 3,220,000 stock options (the “Options”). The Options vest 20% on the date of grant, 30% on the 6-month anniversary of the date of grant and 50% on the one-year anniversary of the date of grant. The Options have a term of 5 years and are exercisable at $0.05 per share.
ABOUT MOUNTAIN VALLEY MD HOLDINGS INC.
Mountain Valley MD is building a world-class organization centered around the implementation, licensing and reselling of key technologies and formulations:
-
patented Quicksome™ oral formulation and delivery technologies,
-
patented Quicksol™ solubility formulation technology
-
licensed product reseller of Agrarius™, a novel agricultural plant signalling technology
Consistent with its vision towards “More Life”, MVMD applies its owned and licensed technologies to its work for advanced delivery of molecules for human and husbandry animal applications, including the development of products for pain management, weight loss, energy, focus, sleep, anxiety, and more. Additionally, MVMD’s work with Agrarius is focused on generating a positive impact on crop yields and reducing fertilizer usage.
MVMD’s patented Quicksome™ technology utilizes proprietary formulations and stabilizing molecules to encapsulate and formulate active ingredients into highly efficient product formats. The result is a new generation of product formulations that could be capable of delivering nutraceutical and drug molecules into the body faster, with greater impact, efficiency and accuracy.
MVMD’s patented Quicksol™ technology covers all highly solubilized macrocyclic lactones that could be effectively applied in multiple viral applications that could positively impact human and animal health globally.