Cannabis News

Spyder Cannabis Inc. (TSXV: SPDR) ("Spyder" or the "Company"), an established Canadian cannabis and vape retailer, is pleased to announce the results from its annual general and special meeting of shareholders of the Company ("Shareholders"), which was held on Monday, July 12, 2021 (the "Meeting").

Shareholders holding a total of 28,957,203 common shares of the Company (each, a "Common Share") were represented in person or by proxy at the Meeting, representing 39.1% of the votes attached to all outstanding Common Shares as at the record date.

The Company is pleased to report that Shareholders voted in favour of all matters submitted before them at the Meeting, with each motion receiving more than 95.1% support. Such matters approved at the Meeting, as more particularly described and set forth in the Company's management information circular dated June 6, 2021, included:

  1. Appointing Stern & Lovrics LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and authorizing the board of directors of the Company (the "Board") to fix their remuneration;
  1. Electing Mark Pelchovitz, Cameron Wickham, Steven Glaser, Daniel Pelchovitz and Marc Askenasi to serve as directors of the Company and to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed;
  1. Approving the Company's omnibus incentive plan;
  1. Authorizing the Company to delist its Common Shares from the TSX Venture Exchange ("TSXV") and subsequently list them on the Canadian Securities Exchange or another stock exchange (the "Delisting and Relisting");
  1. Authorizing the amendment to Company's articles of incorporation (the "Articles") to change the name of the Company to such name as determined by the Board in their sole discretion (the "Name Change");
  1. Authorizing the amendment to Articles to consolidate all of the Common Shares on the basis of a consolidation ratio of up to five pre-consolidated Common Shares for one post-consolidated Common Share, with the exact ratio to be determined by the Board in their sole discretion (the "Consolidation"); and
  1. Authorizing the Company to effect a continuance from the Business Corporations Act (Alberta) to the Business Corporations Act (Ontario) and adopt a new general by-law (the "Continuance").

The Company would like to remind Shareholders that notwithstanding the approval of the Delisting and Relisting, Name Change, Consolidation and Continuance, the Board may, in its sole discretion, choose to not go ahead, change the timing of and/or abandon any of the foregoing matters without further approval of or action by or prior notice to Shareholders. The Board will update Shareholders with the respect to such matters at the appropriate time.

About Spyder Cannabis Inc.

Spyder is an established cannabis and vape retailer that owns and operates two licensed-dispensaries under the brand SPDR Cannabis in Ontario and Alberta and the vape retail brands 180 Smoke and Spyder Vapes. 180 Smoke is a leading omni-channel Canadian vape retailer with 26 locations across Ontario and has a strong e-commerce presence with over 95,000 registered customers. 180 Smoke and Spyder Vapes' retail stores sell vape and nicotine-related products, herbal vaporizers and accessories, and other smoking cessation products. Spyder's vape brands are committed to help adult smokers who seek alternatives to traditional combustible tobacco products.

Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance of the Company. The use of any of the words "could", "intend", "expect", "believe", "will", "may", "projected", "estimated" and similar expressions, and negatives thereto, and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company completing the Delisting and Relisting, Name Change, Consolidation and/or Continuance and the timing thereof. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the Company completing the Delisting and Relisting, Name Change, Consolidation and Continuance and receiving all necessary regulatory and stock exchange approvals to complete the foregoing matters. Forward-looking information necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Such risks and factors include, but are not limited to, risk that the Company may not complete one or all the Delisting and Relisting, Name Change, Consolidation and/or Continuance and may not receive all applicable regulatory and stock exchange approvals. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Spyder Cannabis Inc.
Cameron Wickham
Executive Vice Chair and Chief Executive Officer
T: (905) 330-1602
E: corporate@spydercannabis.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90047

News Provided by Newsfile via QuoteMedia

Green Thumb Industries Reports Second Quarter 2022 Results

Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE dispensaries today reported its financial results for the second quarter ended June 30, 2022. Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.

Highlights for the second quarter and six months ended June 30, 2022:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Canopy Growth Announces Industry Veteran Christelle Gedeon As New Chief Legal Officer

Gedeon's demonstrated cannabis and commercial expertise will further Canopy Growth's Strategy for North American Cannabis Leadership

Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, is pleased to announce that the appointment of Christelle Gedeon Ph.D., as the Company's new Chief Legal Officer.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Trulieve to Open its First Branded Dispensary in Arizona

Grand opening on August 2 in downtown Phoenix's Roosevelt Row neighborhood

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States today announced the opening of its first Trulieve-branded dispensary in Arizona . Located at 1007 N. 7th St., the doors open at 8 a.m. on Tuesday, August 2 with ongoing hours of 8 a.m. 10 p.m. seven days a week. This is the first cannabis dispensary in the Roosevelt Row neighborhood in downtown Phoenix .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Trulieve Cannabis Corp. to Hold Second Quarter 2022 Results Conference Call on August 10, 2022

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Wednesday, August 10, 2022 at 8:30 AM Eastern Time following the release of its second quarter 2022 financial results.

Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)

Chairman, Founder, and Chief Executive Officer Kim Rivers , Chief Financial Officer Alex D'Amico, and President Steve White will participate on the call to review Trulieve's financial and operating results.

Interested parties can join the conference call by dialing in as directed below. Please dial in 15 minutes prior to the call.

North American toll free: 1-888-317-6003

passcode: 6100603

International: 1-412-317-6061

passcode: 6100603

A live audio webcast of the conference call will be available at:
https://app.webinar.net/eNPDleGz6oj

An archived replay of the webcast will be available at:
https://trulieve.gcs-web.com/events-presentations

About Trulieve

Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona , Florida , and Pennsylvania . Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. For more information, please visit Trulieve.com .

Facebook: @Trulieve
Instagram: @Trulieve _
Twitter: @Trulieve

Investor Contact

Christine Hersey , Executive Director of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com

Media Contact

Rob Kremer , Executive Director of Corporate Communications
+1 (404) 218-3077
Robert.Kremer@Trulieve.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trulieve-cannabis-corp-to-hold-second-quarter-2022-results-conference-call-on-august-10-2022-301597504.html

SOURCE Trulieve Cannabis Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/02/c6113.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Goodness Growth Holdings Launches Cannabis-Infused Gummies in Minnesota

The addition of edibles to Minnesota's medical cannabis program allows for greater choices for certified cannabis patients

- Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS) (OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced the addition of cannabis-infused gummies to its Vireo brand in Minnesota in accordance with Minnesota's new regulations effective Aug. 1 allowing certified medical cannabis patients in the state to purchase certain edible products containing cannabis.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Cresco Labs to Hold Second Quarter 2022 Earnings Conference Call on August 17, 2022

Cresco Labs (CSE:CL) (OTCQX:CRLBF) ("Cresco Labs" or "the Company"), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced that it will report financial results for the second quarter ended June 30 th , 2022, on Wednesday, August 17th, 2022, before the market opens.

The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×