Today's term of the day is warrants, and no this time we aren't referring to arrest warrants.
Warrants in the context of investments are securities that allow their owner to purchase a specific number of shares of the company who issued them at a specific price, on a specific date. Warrants differ from their cousin, stock options in two major ways. They generally have a much longer term to expiration, and are issued by the company itself.
For a more in-depth definition of warrants and other marijuana and investing terms check out our glossary here.
Warrants in Context
Earlier today, Lexaria Bioscience Corp. (OTC:LXRP)(CSE:LXX) announced that they received $98,000 from the exercise of previously issued options and warrants.
Learn More Useful Terms
For more terms like this one, see our newly launched glossary here. Also, stay tuned for further "terms of the day" defining key marijuana and investing terms from our articles and news releases.
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