Simply Better Brands Corp. Announces 2021 Shareholder Meeting Results
July 16 2021 - 8:11AM
Simply Better Brands Corp. (“SBBC” or the “Company”) (TSX Venture:
SBBC) is pleased to announce that at the annual general and special
meeting held via live audio webcast on July 15, 2021 (the
“Meeting”), holders of common shares of SBBC: (i) elected Jeff
Yauck, Brian Meadows, Paul Norman and Michael Galloro to the
Board of Directors; (ii) re-appointed Marcum LLP as SBBC’s
auditors; and (iii) approved the equity incentive plan of the
Company.
Further disclosure on the matters approved at
the Meeting can be found in the Management Information Circular
dated June 1, 2021 available on SEDAR.
Shares for Services
In addition, the Company announces it entered
into an advisory agreement (the “Agreement”) with
BLIC Holdings LLC (the “Advisor”) dated February
18, 2021, an arm’s-length company controlled by Federico Urdaneta,
pursuant to which payment for consulting services shall be made,
subject to approval of the TSX Venture Exchange, in common shares
in the capital of the Company (“Common Shares”).
The Agreement contemplates payment to the Advisor an aggregate
amount of USD$300,000 payable in four equal installments, to be
paid quarterly commencing April 2021 in the form of cash or through
issuance of Common Shares. The number of Common Shares shall be
determined based on the 15-day volume weighted average price of the
Common Shares on the payment date. Pursuant to the Agreement, the
Company has elected to pay the first quarterly payment through the
issuance of 13,233 Common Shares at a deemed price of CAD$6.83,
subject to approval of the TSX Venture Exchange. The term of
the Agreement shall be one (1) year, following which, by mutual
agreement, may be renewed and/or extended for such period or
periods and under such terms and conditions as may be mutually
agreed to by the Company and the Advisor.
About Simply Better Brands
Corp.
Simply Better Brands Corp. leads an
international omni-channel platform with diversified assets in the
emerging plant-based and holistic wellness consumer product
categories. The Company’s mission is focused on leading innovation
for the informed Millennial and Generation Z generations in the
rapidly growing plant-based, natural, and clean ingredient space.
The Company continues to focus on expansion into high-growth
consumer product categories including CBD products, plant-based
food and beverage, and the global pet care and skin care
industries. For more information on Simply Better Brands Corp.,
please visit:
https://www.simplybetterbrands.com/investor-relations.
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.
Contact Information
Simply Better Brands Corp.Brian MeadowsChief Financial Officer+1
(855) 553-7441ir@simplybetterbrands.com
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