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.

Also, if you haven't yet, subscribe to our free newsletter below and follow us on social media using the links to the right to keep up to date with updates from The Daily Marijuana Observer.