CALGARY,
AB, July 6, 2023 /CNW/ - Decibel Cannabis
Company Inc. (the "Company" or "Decibel") (TSXV: DB)
(OTCQB: DBCCF), a market leader in premium cannabis and
extract manufactured products, announces the results of its annual
general meeting of shareholders ("Shareholders") held on
July 5, 2023 (the "Meeting").
Results of the Meeting
Shareholders approved all matters submitted by the Company for
consideration at the Meeting.
At the Meeting, Shareholders:
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(i)
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fixed the number of
directors of the Company to be elected at the Meeting at five (5)
directors;
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(ii)
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elected each of Shawn
Dym (Chairman), Manjit Minhas, Nadia Vattovaz, Jakob Ripshtein and
Paul Wilson to serve as directors of the Company; and
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(iii)
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appointed KPMG LLP,
Chartered Professional Accountants, as the Company's
auditors.
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Notwithstanding his election, Mr. Wilson received more votes
"withheld" than "for". As a result, immediately following the
Meeting and in accordance with the Company's majority voting
policy, Mr. Wilson tendered his conditional resignation to the
Company's board of directors for their consideration (the "Board").
The Board has ninety (90) days to consider such resignation and
will notify the Shareholders of the outcome of such consideration
in due course by press release.
About Decibel
Decibel is a consumer-focused cannabis company focused on
delivering products that delight consumers through a commitment to
robust innovation and product quality. Leading brands General
Admission, Qwest, and Vox are among its portfolio sold both across
Canada and beginning to extend
towards new countries to create a global footprint. Decibel
operates a processing and manufacturing facility in Calgary, Alberta, and two cultivation
facilities in Creston, British
Columbia, and Battleford,
Saskatchewan.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Decibel Cannabis Company Inc.
