CannaRoyalty Announces Voting Results from Annual and Special Meeting of Shareholders
- 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|
|Dr. James Young||99.88%||0.12%|
|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.
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:
Jonathan Ross, CFA
LodeRock Advisors Inc.