All Company matters put forward were approved by the shareholders, including the re-election of
The Company's shareholders also voted in favour of the: (i) reappointing of
The business summary presented at the Annual General Meeting will be available on the Investor Centre section of Canada House's website at https://canadahouse.ca.
With the receipt of shareholder approval of the foregoing matters, the Company is moving to close the first tranche of its acquisition of
Following the shareholder meeting, the Company completed its previously announced consolidation of its common shares (the 'Common Shares') on the basis of thirty (30) pre-consolidation shares for each one (1) post-consolidation share. Fractional shares resulting from the share consolidation were rounded up or down to the nearest whole Common Share. The Company has also officially adopted 'Canada House Cannabis Group Inc.' as its corporate legal name.
A letter of transmittal (the 'Letter of Transmittal') has been mailed to shareholders of the Company. The Letter of Transmittal will need to be duly completed and submitted by any shareholders wishing to receive share certificates reflecting the post-Consolidation shares in the new name of the Corporation to which such shareholder is entitled following completion of the share consolidation and name change.
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Cautionary Statement Regarding Forward-Looking Information
This press release contains forward- looking statements, including statements that relate to, among other things, the Company's clinic, production and technology businesses, its future plans, the Company's markets, objectives, goals, strategies, intentions, beliefs, expectations and estimates, and can generally be identified by the use of words such as 'may', 'will', 'could', 'should', 'would', 'likely', 'possible', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'objective' and 'continue' (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Material assumptions used to develop forward-looking information in this news release include, among other things, the closing of the transaction with Montreal Cannabis and the receipt of all necessary regulatory and shareholder approvals associated therewith, the regulations related to cannabis use under the Access to Cannabis for Medical Purposes Regulations and the act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, passed by the Canadian Federal government, making cannabis and cannabis based edibles, vapes and oils legal for recreational use on
Contact:
Tel: 289-980-3584
Email: spearce@canadahouse.ca
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