CALGARY, May 21, 2020 /CNW/ - Sundial Growers Inc.
(Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce
all of the resolutions put to holders of common shares of the
Company (the "Shareholders") at the annual general and special
meeting held virtually today (the "Meeting") were passed.
At the Meeting, Shareholders approved: (i) fixing the number of
directors of the Company at five members; (ii) electing each of
Bryan Pinney, Greg Mills, Elizabeth
Cannon, Gregory Turnbull, and
Zach George as directors of the
Company for the ensuing year; and (iii) re-appointing KPMG LLP as
the auditors of the Company for the ensuing year and authorizing
the board of directors of the Company to set their
remuneration.
The following votes were received with respect to each director
nominee:
|
Number of Shares
For
|
%
|
Number of Shares
Withheld
|
%
|
Bryan
Pinney
|
31,840,766
|
93.68
|
2,149,049
|
6.32
|
Greg Mills
|
28,508,474
|
83.87
|
5,481,341
|
16.13
|
Elizabeth
Cannon
|
28,848,980
|
84.88
|
5,140,835
|
15.12
|
Gregory
Turnbull
|
28,543,718
|
83.98
|
5,446,097
|
16.02
|
Zach
George
|
33,907,803
|
99.76
|
82,012
|
0.24
|
Additionally, Shareholders approved, as a special resolution,
authorizing the board of directors (the ("Board") to effect, at
such time as the Board deems appropriate, the consolidation
(the "Consolidation") of all of the issued and outstanding common
shares of the Company (the "Common Shares") on the basis of one (1)
post-consolidation Common Share for a number of Common Shares
within a range of three and twenty pre-consolidation Common Shares
as will be determined by the Board of the Company in its sole
discretion.
About Sundial Growers Inc.
Sundial is a public company with Common Shares traded on Nasdaq
under the symbol "SNDL". Sundial is a licensed producer that crafts
cannabis using state-of-the-art indoor facilities. Our
'craft-at-scale' modular growing approach, award-winning genetics
and experienced master growers set us apart.
Our Canadian operations cultivate small-batch cannabis using an
individualized "room" approach, with 470,000 square feet of total
space.
Sundial's brand portfolio includes Top Leaf, Sundial
Cannabis, Palmetto and Grasslands. Our
consumer-packaged goods experience enables us to not just grow
quality cannabis, but also to create exceptional consumer and
customer experiences.
We are proudly Albertan, headquartered in Calgary, AB, with operations in Olds, AB, and Rocky View County, AB.
Forward-Looking 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 include, but are not
limited to, the opinions and beliefs of management. 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.
SOURCE Sundial Growers Inc.