The Arrangement Resolution required and received approval by; (i) not less than two-thirds of the votes cast by the Liberty Shareholders present in person or represented by proxy at the Meeting; and (ii) not less than two-thirds of the votes cast by the Liberty Securityholders present in person or represented by proxy at the Meeting, voting together as if they were a single class.
Completion of the Arrangement remains subject to, among other things, receipt of applicable CSE, regulatory and court approvals, and customary conditions of closing. Further information about the Arrangement is set forth in the materials prepared by Liberty in respect of the Meeting, copies of which are available under the Company's profile on SEDAR at www.sedar.com .
"The Liberty Health Sciences Securityholders have shown their strong approval for completing the transaction with Ayr Wellness, Inc.," said
Detailed Voting Results
Total | 346,090,635 |
Total | 204,539,150 |
Percentage of | 57.19% |
Total Liberty Options issued and outstanding at record date ( | 11,554,832 |
Total Liberty Options represented at the Meeting in person and by proxy | 11,075,332 |
Percentage of Liberty Options represented at the Meeting | 95.85% |
Approval of Arrangement with Ayr
Votes For (#) | Votes For (%) | Votes Against (#) | Votes Against (%) | |
Liberty Shareholders | 183,396,853 | 94.80% | 10,065,965 | 5.20% |
Liberty Securityholders | 194,472,185 | 95.08% | 10,065,965 | 4.92% |
About
Liberty is the cannabis provider committed to providing a high-quality cannabis experience based on our genuine care for all cannabis users and a focus on operational excellence from seed to sale. For more information, please visit: www.libertyhealthsciences.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains certain forward-looking statements within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "believe", "plan", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, expectations related to the Company's production capabilities, expectations concerning the receipt of all necessary approvals from the
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