All nominated directors and proposed resolutions approved by shareholders
Toronto, Ontario–(Newsfile Corp. – September 14, 2021) – Plant&Co. Brands Ltd. (CSE: VEGN) (FSE: VGP) (OTCQB: VGANF) (“Plant&Co” or the “Company“), a modern health and wellness company curating delicious plant-based foods, is pleased to report the results from its 2021 Annual General and Special Meeting (the “Meeting“) of shareholders held on September 2, 2021 (the “Meeting“). A total of 35,302,869 common shares were voted at the Meeting, representing 33.8% of the issued and outstanding common shares of the Company.
All resolutions presented to the shareholders were approved, and are fully described in the management information circular dated July 22, 2021, which can be found on SEDAR (www.sedar.com) and on the Company’s website.
Shareholders voted 95% in favour of the plan of arrangement, which involves the distribution of common shares of 1309185 BC Ltd. to the shareholders of the Company in the form of a dividend distribution. The dividend distribution is at a pre-determined ratio of 1 common share of 1309185 BC Ltd. for each 9 shares of Plant&Co held.
“This is an important step forward for Plant&Co Brands. With the sale of the cannabis-focused portion of our technology, we are now solely focused on expanding our menu of delicious plant-based foods for customers across North America,” said Shawn Moniz, CEO of Plant&Co. “The approval of the plan of arrangement unlocks the shareholder value that was tied up in our legacy business assets. Shareholders of record benefit two ways: first, Plant&Co receives $1,000,000 dollars worth in shares for the sale of the assets, second, they will also receive shares in the new company and benefit by owning part of a new and exciting company focused on the technology sector. Furthermore, the support at the special meeting provides a mandate for our new board members to execute on expansion plans into 2022 and take Plant&Co to the next level. This is an exciting time for our team and our shareholders.”
Plant&Co. Brands Ltd. (CSE: VEGN) (FSE: VGP) (OTCQB: VGANF) is modern health and wellness company curating delicious plant-based foods. It offers a growing number of delicious plant-based food products through two leading plant-based brands Holy Crap Foods Inc. and YamChops, the vegan butcher. For more information please visit: www.HolyCrap.com www.YamChops.com www.PlantandCo.com.
For additional information, please contact:
Chief Executive Officer
Plant & Co. Brands Ltd.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur, and include the Company’s intention to use the net proceeds from the Private Placement for merger and acquisition opportunities in the plant-based food market and for general working capital. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for Plant&Co. Brands described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96455
Powered by WPeMatico