TORONTO, Ontario – September 25, 2019 (GLOBAL NEWSWIRE) Biome Grow Inc. (“Biome” or the “Company”) (CSE: BIO) (Frankfurt: 6OTA) (OTCQB: BIOIF) is pleased to announce the voting results from the Company’s annual general and special meeting of shareholders (the “Shareholders”) held in Toronto, Ontario on September 25, 2019 (the “Meeting”).
The total number of common shares of the Company (the “Common Shares”) represented by shareholders present in person and by proxy at the Meeting was 52,492,460 Common Shares, representing 47.47% of the Company’s total issued and outstanding Common Shares.
All matters put forward before the Shareholders for consideration and approval as set out in the Company’s notice of meeting and management information circular, dated August 23, 2019, were approved by the requisite majority of the votes cast at the Meeting.
In particular, Shareholders approved the election of all director nominees to hold office for the ensuring year. Results of the vote for the election of directors at the Meeting are set out as follows:
Shareholders also approved the following items of business at the Meeting: (1) reappointing Manning Elliott LLP, Chartered Professional Accountants as auditors of the Company for the ensuring year at the remuneration to be fixed by the board of directors by a margin of 99.57% of the Common Shares, voted in person or by proxy at the Meeting; (2) a new by-law of the Company adopting advance notice requirements for nominations of directors by shareholders by a margin of 99.58% of the Common Shares, voted in person or by proxy at the Meeting; and (3) the amendment to the rights, privileges, restrictions and conditions attaching to the special class C shares in the capital of the Company by a margin of 99.93% of the Common Shares, voted in person or by proxy at the Meeting.
Detailed voting results are available under the Company’s profile on SEDAR at www.sedar.com.
For further information, please contact:
VP Investor Relations
Biome wholly owns five subsidiaries, including: The Back Home Medical Cannabis Corporation, a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the Cannabis Act; Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a license under the Cannabis Act; Highland Grow Inc., a licensed producer in Nova Scotia under Canada’s ACMPR; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island, and; Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and international business interests.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.