CannaRoyalty Announces Voting Results from Annual and Special Meeting of Shareholders

 In News Release
  • CannaRoyalty CEO Marc Lustig appointed to the position of Executive Chairman of the Board

Ottawa, Canada – June 13, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), a leading North American cannabis products and brands company, announced today the voting results from its Annual and Special Meeting of Shareholders held on June 13, 2018.

A total of 11,058,407 common shares, representing approximately 21% of the Company’s issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth.  The votes for the election of directors are as follows.

Director % of Shares Voted For % of Share Voted Withhold
Marc Lustig 99.82% 0.18%
Rob Harris 99.87% 0.13%
Dr. James Young 99.88% 0.12%
Peter Kampian 99.81% 0.19%
Oskar Lewnowski 99.87% 0.13%
Ted Simpkins (Mr. Simpkins’ election being conditional on closing the Company’s acquisition of River Distribution and its affiliates) 99.79% 0.21%

Subsequent to the Annual and Special meeting, the Board of Directors has appointed Marc Lustig to the position of Executive Chairman of the Board and Dr. Jim Young as Chair of the Governance, Conduct Review and Compensation Committee.

As previously announced Peter Kampian will be stepping down from the board and will be replaced by Daniel O’Neill.

About CannaRoyalty

CannaRoyalty is a North American cannabis consumer product company currently focussed on building a leading distribution business in California, the world’s largest regulated cannabis market. By building a world-class logistics platform and supporting contract manufacturing assets, the Company intends to support the growth of new and established cannabis brands. The Company believes California, home to some of the world’s most discerning consumers and a nexus of information and trends, will be the point of inception for the global cannabis brands of the future. CannaRoyalty has developed a diversified portfolio of assets within the cannabis sector, including research, infrastructure and intellectual property to support our existing brands, partner products and distribution networks. The Company’s leadership and staff combines passion and a hands-on understanding of the cannabis industry, with proven financial and legal expertise. CannaRoyalty’s shares trade on the Canadian Stock Exchange (CSE) under the symbol CRZ and in the US on the OTCQX under the symbol CNNRF

For further inquiries, please contact:

Marc Lustig

info@cannaroyalty.com

1-844-556-5070

www.cannaroyalty.com

 

Jonathan Ross, CFA

LodeRock Advisors Inc.

jon.ross@loderockadvisors.com

416-283-0178


Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in CannaRoyalty’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward- looking statements.
Forward-looking statements may include, without limitation, statements including the Company’s expectations with respect to pursuing new opportunities and its future growth and other statements of fact.
Although CannaRoyalty has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US Federal Laws; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. CannaRoyalty disclaims any intention or obligation to update or revise such information, except as required by applicable law, and CannaRoyalty does not assume any liability for disclosure relating to any other company mentioned herein.