TORONTO, Aug. 31,
2023 /CNW/ - Shiny Health & Wellness Corp.
("Shiny Health" or the "Company") (TSXV: SNYB), a leading provider
of premium cannabis products is pleased to announce that all
matters submitted to shareholders for approval as set out in the
detail of the Company's Management information Circular dated
July 5, 2023, were approved by the
requisite majority of votes cast at its Annual General Meeting
("AGM"). A total of 7,405,478 common shares of the Company
were represented by shareholders in person or by proxy at the AGM,
representing 69.48% of the Company's issued and outstanding common
shares as at the record date.
Specifically, shareholders voted to approve:
- Election of the Board of Directors nominated;
- Re-appointment of BDO Canada LLP Chartered Accountants, of
Toronto, Ontario, as the Company's
external auditors for the ensuing year; and
- Approval of the Company's Omnibus Share Incentive plan.
Detailed results of the voting are set out below:
|
Motions
|
Outcome
of
Votes
|
Number of
Shares
|
Percentage of Votes
Cast
|
|
For
|
Against
|
Withheld
|
For
|
Against
|
Withheld
|
|
Number of
Directors
(5)
|
Carried
|
7,395,478
|
10,000
|
|
99.86 %
|
0.14 %
|
0.00 %
|
|
Micah Das
|
Carried
|
7,395,478
|
0
|
10,000
|
99.86 %
|
0.00 %
|
0.14 %
|
|
Brad Kipp
|
Carried
|
7,395,478
|
0
|
10,000
|
99.86 %
|
0.00 %
|
0.14 %
|
|
Mike Nadeau
|
Carried
|
7,395,478
|
0
|
10,000
|
99.86 %
|
0.00 %
|
0.14 %
|
|
Lyn
Christensen
|
Carried
|
7,395,478
|
0
|
10,000
|
99.86 %
|
0.00 %
|
0.14 %
|
|
Meris Kott
|
Carried
|
7,395,478
|
0
|
10,000
|
99.86 %
|
0.00 %
|
0.14 %
|
|
Appointment
of
Auditors
|
Carried
|
7,405,478
|
0
|
0
|
100.00 %
|
0.00 %
|
0.00 %
|
|
Approval of
10%
rolling
equity
incentive
plan
|
Carried
|
7,387,352
|
18,126
|
|
99.76 %
|
0.24 %
|
0.00 %
|
The Company notes that Messrs. Donald
Schroeder and Roland Walton
had requested to not stand for re-appointment to the board. We wish
to thank them both for their contributions and service over the
past year and wish them both all the best in their future
endeavors. The elected directors will serve on the Board of
Directors until the Company's next AGM of shareholders.
Full details of all proposals are described in the Company's
Management Information Circular available on SEDAR at
www.Sedarplus.ca .
Financing Update
The Company further announces that it will close its previously
announced Placement having raised an aggregate total of
$435,000 through the offering of
Units at a price of $0.35 per Unit
(the "Issue Price"). Through the offering the Company issued a
total of 1,242,857 shares and 1,242,857 share purchase warrant
exercisable for $0.60 until
August 1, 2025
About Shiny Health & Wellness
Shiny Health & Wellness Corp. is on a mission to help people
never settle, live fully by being a trusted source for health and
wellness solutions and services. The Company recently broadened its
retail growth strategy beyond adult-use cannabis by establishing
mīhī Health & Wellness, a new line of business focused on
building a network of community pharmacies, with its first pharmacy
in Cornwall, Ontario. Striving to
provide a more diverse and accessible cannabis experience for adult
consumers, the Company also operates ShinyBud Cannabis Co., a
well-established brand in Ontario
strategically located in markets less saturated with cannabis
retailers. The Company's board of directors and management team
hold extensive retail operating experience, a key competitive
differentiator in leading its growth strategy. Shiny Health trades
on the TSX Venture Exchange (TSXV) under the ticker symbol SNYB.
For more information, please visit
www.shinyhealthandwellness.com
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.
SOURCE Shiny Health & Wellness Corp.
