The Green Organic Dutchman Announces 2019 AGM Voting Results

CNW Group - finance.yahoo.com Posted 2 months ago
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TORONTO , June 11, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (US:TGODF) is pleased to announce the voting results from its annual general meeting of shareholders of the Company ("Shareholders"), held in Mississauga, Ontario on June 11, 2019 (the "Meeting").

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All of the matters put forward before Shareholders for consideration and approval as set out in the Company's management information circular dated May 9, 2019 (the "Circular") were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees as follows:


Votes in Favour

Votes Withheld

% of Votes Cast in
Favour (rounded)

Brian D. Athaide

13,528,485

326,150

97.65%

Jeffrey J. Scott

13,363,648

490,987

96.46%

Marc Bertrand

13,304,956

549,679

96.03%

Nicholas G. Kirton

13,367,559

487,076

96.48%

Dr. Caroline MacCallum

13,525,229

329,407

97.62%

Jacques Dessureault

13,518,537

336,098

97.57%

 

Shareholders also approved the following items of business before the Meeting: (1) the setting of the number of directors of the Company at six; and (2) the appointment of KPMG LLP as auditor of the Company for the ensuing year and the authorization of directors to fix their remuneration.

The total number of common shares of the Company ("Common Shares") represented by Shareholders present in person and by proxy at the Meeting was 58,104,937 Common Shares, representing 21.12% of the Company's total issued and outstanding Common Shares. Detailed voting results are available under the Company's profile on SEDAR at www.sedar.com.  A recording of the Meeting is available on the Company's website at: https://www.tgod.ca/blogs/investor-news/webcast-tgod-agm-2019.

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD

The Green Organic Dutchman Holdings Ltd. is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada , Europe , the Caribbean and Latin America , as well as the Canadian adult-use market. TGOD also has organic hemp CBD oil operations in Canada , and through its wholly-owned subsidiary HemPoland distributes premium hemp CBD oil in EU.  The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD's products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation facilities across Ontario , Quebec and Jamaica and Denmark .

TGOD's Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol "TGOD" and "TGOD.WT", respectively.

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of cannabis-infused products in Canada , statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company, the ability of the Company  to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, and other third party approvals in connection with the Arrangement, the ability of the Company to satisfy, in a timely manner, the conditions to the closing of the Arrangement, and other expectations and assumptions concerning the Arrangement. The anticipated timing provided herein in connection with the Arrangement may change for a number of reasons, including the inability to secure necessary regulatory, court, or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions necessary to complete the Arrangement. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

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SOURCE The Green Organic Dutchman Holdings Ltd.


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