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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  Advanced Cannabis Solutions Inc    

ADVANCED CANNABIS SOLUTIONS INC

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GENERAL CANNABIS CORP : Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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06/12/2019 | 03:34pm EDT

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the annual meeting of the shareholders of General Cannabis Corp (the "Company") held on June 6, 2019, the Company's shareholders voted on three proposals and cast their votes as described below. The proposals are set forth in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2019.



Proposal 1.  The Company's shareholders elected four (4) nominees to the board
of directors, each to hold office for a one-year term and until the 2020 annual
meeting or his successor is duly elected and qualified, based on the following
votes:


                   Name            For      Withheld   Broker Non-Votes
              Peter Boockvar    7,060,179   486,083       24,953,074
              Michael Feinsod   7,048,557   497,705       24,953,074
              Mark Green        7,057,293   488,969       24,953,074
              Duncan Levin      7,027,421   518,841       24,953,074


Proposal 2. The Company's shareholders approved, on an advisory basis, the Company's named executive officer compensation, based on the following votes:


                      For      Against   Abstain   Broker Non-Votes
                   6,646,904   719,294   180,064      24,953,074


Proposal 3. The Company's shareholders ratified the appointment of Marcum, LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2019, based on the following votes:


                    For        Against    Abstain   Broker Non-Votes
                 30,781,650   1,167,205   550,481          --


Item 7.01.   Regulation FD Disclosure.


On June 7, 2019, the Company issued a press release announcing it has entered into a non-binding term sheet to acquire substantially all of the assets of The Organic Seed, LLC, doing business as Cannaseur ("Cannaseur"). Cannaseur is a vertically integrated cannabis license holder located in Pueblo West, Colorado. A copy of the press release is filed and attached hereto as Exhibit 99.1.

The information in this Item 7.01 of this Current Report on Form 8-K and the related Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.



Item 9.01.   Financial Statements and Exhibits.



(d)   Exhibits


                Exhibit No.   Description
                   99.1         Press release dated June 7, 2019

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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