Cannara Provides Update on Its 2024 Annual General Meeting Materials amid Canada Post Strike
16 Dezember 2024 - 6:00PM
Cannara Biotech Inc. (“
Cannara”, “the
Company”, “
us” or
“
we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a
vertically integrated producer of premium-grade cannabis and
derivative product offerings at affordable prices with two mega
facilities based in Québec spanning over 1,650,000 sq. ft.,
that it will be relying on CSA Coordinated Blanket Order 51-913 for
an exemption from the requirements to send proxy-related materials
for its upcoming annual general meeting (the
“
Meeting”) to be held on January 30, 2025, at
11:00 a.m. (Montréal time) (the “
Proxy-Related
Materials”), due to the current delays and suspension of
mail service in Canada as a result of the nationwide strike of the
Canadian Union of Postal Workers that commenced on November 15,
2024 (the “
Postal Strike”).
Access to Documents
The Proxy-Related Materials are available under
the Company’s profile on SEDAR+ at www.sedarplus.ca or on Cannara’s
website at www.cannara.ca/investors.
Date and Time of the
Meeting
The Meeting will be held a virtual-only format,
which will be conducted via live audio webcast and teleconference
accessible via the following link:
https://cannarabiotechquebecinc.my.webex.com/cannarabiotechquebecinc.my/j.php?MTID=m70400f296058ebb021572737a5824d6a
To join the meeting via teleconference, please
dial 1-438-797-4001 (Canada) or 1-650-479-3208 (US) and use meeting
code 2636 952 9781 and passcode LOVE2025 (56832025 when dialing
from a phone or video system). Shareholders accessing the Meeting
via teleconference will not be able to vote or speak at the
Meeting. To vote or speak at the Meeting, shareholders will need to
join the webcast and utilize the chat function during the Meeting.
A moderator will be present to allow shareholders to vote or speak
at the Meeting at the appropriate time.
Meeting Matters
In addition to receiving the Corporation’s
consolidated financial statements for the fiscal year ended August
31, 2024, and the related auditor’s report, shareholders will be
invited to vote on the following items at the meeting:
- to determine the number of
directors and to elect the directors to serve until the Company’s
next annual general meeting;
- to appoint MNP LLP as auditors of
the Company for the ensuing year and to authorize the directors of
the Company to fix the remuneration to be paid to the auditors for
the ensuing year;
- to consider and, if thought fit, to
pass an ordinary resolution to approve the Company’s stock option
plan, amended, the whole as described in the accompanying
management information circular;
- to consider and, if thought fit, to
pass an ordinary resolution to approve the Company’s restricted
share unit compensation plan, the whole as described in the
accompanying management information circular;
- to transact such other business as
may properly come before the Meeting or any adjournment or
postponement thereof.
CSA Coordinated Blanket Order
51-913
Recognizing that Postal Strike may impact a
reporting issuer’s ability to deliver proxy-related materials to
all shareholders, the Canadian Securities Administrators (CSA)
published on December 4, 2024, Coordinated Blanket Order 51-931
Temporary Exemption from requirements in National Instrument 51-102
Continuous Disclosure Requirements and National Instrument 54-101
Communication with Beneficial Owners of Securities of a Reporting
Issuer to send certain proxy-related materials during a postal
strike (“Blanket Order 51-931”), providing
temporary relief from the requirement to deliver proxy-related
materials for annual meetings.
The conditions in Blanket Order 51-931 include a
requirement that each of the matters at the Meeting would be
considered an “annual matter”. Cannara confirms that it has
complied with all conditions of this
exemption.Assistance
Shareholders of the Company are encouraged to
access the Proxy-Related Materials directly through the
above-mentioned websites, and registered shareholders and
non-objecting beneficial shareholders may contact the Company’s
transfer agent, Computershare Investor Services Inc. by calling
toll free, within North America - 1-866-962-0498 or direct, from
outside of North America - (514) 982-8716 to request copies of
the Proxy-Related Materials or 1-800-564-6253 or direct, from
outside of North America - 514-982-7555 to request voting control
numbers for voting online at www.investorvote.com. Objecting
beneficial shareholders should contact their broker to request
their voting instruction forms, voting control numbers and
instructions for voting.
In the event that the Postal Strike ends prior
to the Meeting, the Company will mail the Proxy-Related Materials
in the normal course, but there can be no assurance that the
Proxy-Related Materials will be received by the shareholders prior
to the Meeting.
ABOUT CANNARA
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB:
LOVFF) (FRA: 8CB0), is a vertically integrated producer of
affordable premium-grade cannabis and cannabis-derivative products
for the Canadian markets. Cannara owns two mega facilities based in
Québec spanning over 1,650,000 sq. ft., providing the Company
with 100,000 kg of potential annualized cultivation output.
Leveraging Québec’s low electricity costs, Cannara’s facilities
produce premium-grade cannabis products at an affordable price. For
more information, please visit cannara.ca.
CONTACT
Nicholas Sosiak, CPA, CAChief
Financial Officernick@cannara.ca |
Zohar Krivorot President &
Chief Executive Officer zohar@cannara.ca |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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