Cannabis Growth Opportunity Corporation Announces Adjournment of Special Meeting of Shareholders
TORONTO, Oct. 15, 2018 /CNW/ - Cannabis Growth Opportunity Corporation (CSE: CGOC), ("CGOC", or the "Company"), a cannabis focused investment corporation with both public and private cannabis holdings, announced today that the Special Meeting of Shareholders ("Special Meeting"), scheduled for today was adjourned due to a lack of quorum. The adjourned meeting will be held on Friday October 19, 2018, at 10:00am ET, at the offices of Blake, Cassels & Graydon LLP, Commerce Court West, Suite 4000, 199 Bay Street, Toronto Ontario, Canada. The record date remains the same for the adjourned meeting.
The Special Meeting is to approve the removal of investment restrictions prohibiting investments of more than 40% of total assets in securities of private issuers and investing more than 10% of total assets in securities of any single issuer. As outlined in the Management Information Circular ("Info Circular"), dated September 12, 2018, the Board of Directors and Management believes that these investment restrictions unduly restrict the Corporation's flexibility and its ability to respond to quickly changing market conditions. CGOC's unique investment strategy is predicated on the ability to invest in private companies ahead of their offering into the public markets allowing CGOC to maintain the early mover advantage ahead of large institutions and the general public.
CGOC received a favourable recommendation issued by ISS, recommending a FOR vote to their subscribers for the Public/Private Restriction and Concentration Restriction Resolutions, ISS noted "Vote FOR the proposed amendments to the company's investment restrictions due to sound strategic rationale in light of the rapidly changing market conditions in the cannabis sector."
The Info Circular, which includes details of the matters to be considered at the meetings has been mailed to Shareholders and is available on the Company website at www.cgocorp.com or under the Company profile on SEDAR at www.sedar.com.
Assistance in Voting
Shareholders that have additional questions regarding the information contained in the Ifco Circular, and for assistance in voting may contact the company's proxy solicitation agent Shorecrest Group Ltd., by phone: 1-888-637-5789, collect call outside North America at 1-647-931-7454, or by email: [email protected].
Shorecrest will utilize the Broadridge QuickVote™ service to assist NOBOs with voting their shares. NOBOs may be contacted by Shorecrest Group to conveniently obtain a vote directly over the telephone.
About Cannabis Growth Opportunity Corporation (CGOC)
CGOC is a unique investment corporation incorporated under the laws of Canada. CGOC's investment objectives are to provide holders of common shares long-term total return through capital appreciation by investing in an actively managed portfolio of securities of public and private companies operating in, or that derive a portion of their revenue or earnings from, products or services related to the cannabis industry. http://cgocorp.com/.
This press release is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.
SOURCE Cannabis Growth Opportunity Corporation
please contact Investor Relations at [email protected]
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