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1CM Announces Results of Shareholder Meeting
Toronto, Ontario--(Newsfile Corp. - June 16, 2025) - 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM" or the "Company") is pleased to announce the results of its annual and special meeting (the "Meeting") of its shareholders (the "Shareholders").At the Meeting, the Shareholders approved all resolutions placed before them by management as set out in the Company's management information circular dated May 12, 2025, including: (i) the election of Tanvi Bhandari, Lucas Leone ...
About this update from 1cm Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - June 16, 2025) - 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM" or the "Company") is pleased to announce the results of its annual and special meeting (the "Meeting") of its shareholders (the "Shareholders").","length":298,"tagName":"p"},{"type":"text","content":"At the Meeting, the Shareholders approved all resolutions placed before them by management as set out in the Company's management information circular dated May 12, 2025, including: (i) the election of Tanvi Bhandari, Lucas Leone and Rupalee Mehta as directors of the Company; (ii) the re-appointment of Clearhouse LLP as auditor of the Company; (iii) the re-approval of the Company's stock option plan; (iv) the ratification of certain past acts by the Company; (v) the previously announced plan of arrangement pursuant to which, among other things, SNDL Inc. will acquire 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis banners in Ontario, Alberta and Saskatchewan (the "Arrangement"); and (vi) the return of capital to Shareholders, which 1CM intends to complete with a portion of the proceeds from the Arrangement (the "Return of Capital").","length":899,"tagName":"p"},{"type":"text","content":"Of the votes cast at the Meeting with respect to the Arrangement, a total of 60,181,613 common shares in the capital of the Company (the "Shares") were voted in favour of the resolution approving the Arrangement, representing 100% of the votes cast on the matter. With respect to the Return of Capital, a total of 60,181,613 Shares were voted in favour of the resolution approving the Return of Capital, representing 100% of the votes cast on the matter.","length":464,"tagName":"p"},{"type":"text","content":"The Company intends to seek a final order of the Ontario Superior Court of Justice (Commercial List) (the "Court") to approve the Arrangement at a hearing expected to be held on June 18, 2025. Completion of the Arrangement remains subject to the satisfaction of certain closing conditions, including Court approval and certain outstanding regulatory approvals. Subject to the satisfaction or waiver of all of the conditions to the closing of the Arrangement, the Arrangement is expected to be completed in the third quarter of 2025...