Cannabis Growth Opportunity Corporation Announces ISS Support for the Special Meeting being held October 15, 2018
TORONTO, Oct. 11, 2018 /CNW/ - Cannabis Growth Opportunity Corporation (CSE: CGOC), ("CGOC", or the "Company"), a cannabis focused investment corporation with both public and private cannabis holdings, announces that ISS Proxy Advisor Services (ISS), a leading proxy advisory firm that provides advice and voting recommendations to Institutional shareholders has published a report recommending that their subscribers vote "FOR" both resolutions proposed at the October 15, 2018 Special Meeting of Shareholders.
CGOC is pleased to receive a favourable recommendation The report 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."
YOUR VOTE IS IMPORTANT, PLEASE VOTE TODAY
The Company also reminds shareholders to vote in sufficient time for their vote to be received in advance of the of the Special Meeting of Shareholders to be held on October 15, 2018. Shareholders are being asked to consider and 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 Circ"), 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.
A copy of the management information circular, which includes full details of the proposed changes, was mailed to shareholders of record as of the close of business on September 14, 2018 and is available on the Company's website at www.cgocorp.com, as well as under the profile on SEDAR available at www.sedar.com.
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
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