Cannabis Stock News: Craftport Cannabis (CSE: CFT) Announces Results of Annual General and Special Meeting of Shareholders
Vancouver, British Columbia - December 30, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Craftport Cannabis Corp. (CSE: CFT) ("Craftport" or the "Company") today announced the voting results from its annual general and special meeting of shareholders held on December 29, 2021 (the "Meeting").
A total of 7,253,500 common shares of the Company, representing 35.624% of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders.
All of the matters put forward before the Company's shareholders for consideration and approval, as set out in the Company's management information circular (the "Circular") mailed on December 7, 2021, were approved by the requisite majority of votes cast at the Meeting. The results are set out below.
Each of the directors listed as a nominee in the Circular were elected at the Meeting to serve as a director of the Company until the Company's next annual shareholders meeting. The detailed results of the vote for the election of directors held at the Meeting are set out below.
At the Meeting, Craftport shareholders approved the appointment of Manning Elliott LLP as the Company's auditors for the 2022 fiscal year and authorized the board of directors to fix its remuneration.
Craftport shareholders also approved the renewal of the Company's 10% rolling stock option plan.
A report of voting results on all resolutions voted on at the Meeting will be available on the Company's SEDAR page at www.sedar.com.
Separately, the Company is announcing the resignation of Jin Kuang as the Company's Chief Financial Officer. Ms. Kuang is assuming the position of the Company's Corporate Controller. Mike Cosic, the Company's Chief Executive Officer, has assumed the position of Interim Chief Financial Officer as the Company actively searches for a new CFO.
About Craftport Cannabis
Craftport Cannabis is a Canadian cannabis licensed producer based in British Columbia. The Company intends to focus on the Canadian premium craft cannabis recreational market by utilizing an asset light model based from it's Peachland facility. It intends to leverage legacy roots and know how in order to introduce unique genetics and strains to the Canadian market.
For more information about Craftport Cannabis, please refer to information available under the Company's profile on SEDAR at www.sedar.com and the CSE website.
Chief Executive Officer
Craftport Cannabis Corp.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
This news release contains forward-looking statements pertaining to various risks and uncertainties regarding future events. The use of any of the words "anticipate", "continue", "intends", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Actual results could differ materially from those currently anticipated due to a number of factors and risks including the risk factors discussed in this news release and in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com and on the CSE website. These statements speak only as of the date of this news release. Except as required by law, the Company does not intend to update these forward-looking statements.
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