Business
1CM Mails Circular for Annual and Special Meeting of Shareholders and Announces Receipt of Interim Court Order
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) - 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM" or the "Company") announces today the mailing of its management information circular for the annual and special meeting of 1CM shareholders ("Shareholders") to consider the previously announced plan of arrangement (the "Arrangement") with SNDL Inc. ("SNDL"), pursuant to which SNDL will acquire, with the option to assign, 32 cannabis retail stores operating under the Cost Cannabis and ...
About this update from 1cm Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 20, 2025) - 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM" or the "Company") announces today the mailing of its management information circular for the annual and special meeting of 1CM shareholders ("Shareholders") to consider the previously announced plan of arrangement (the "Arrangement") with SNDL Inc. ("SNDL"), pursuant to which SNDL will acquire, with the option to assign, 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis banners in Ontario, Alberta and Saskatchewan for total consideration of $32.2 million in cash, subject to certain adjustments at closing.","length":692,"tagName":"p"},{"type":"text","content":"VOTING AT MEETING OF SHAREHOLDERS","length":33,"tagName":"p"},{"type":"text","content":"1CM's annual and special meeting of Shareholders, at which Shareholders will, among other things, consider and, if deemed advisable, pass, with or without variation, a special resolution of the Shareholders to approve the Arrangement, will be held on June 16, 2025 in Toronto, Ontario (the "Meeting").","length":315,"tagName":"p"},{"type":"text","content":"1CM is in the process of mailing its management information circular (the "Circular"), form of proxy or voting instruction form, as applicable, for the Meeting to Shareholders. These documents contain comprehensive information with respect to how registered and beneficial Shareholders may vote in advance of the Meeting. The management information circular is also available on SEDAR+ at www.sedarplus.ca and on its website at www.1CMinc.com. The record date for determining Shareholders eligible to vote at the Meeting was May 12, 2025.","length":548,"tagName":"p"},{"type":"text","content":"The deadline for Shareholders to return their completed proxies or voting instruction forms is June 12, 2025, at 10:00 a.m. (Toronto time).","length":139,"tagName":"p"},{"type":"text","content":"Each of the directors and senior officers of 1CM who hold shares have entered into voting support agreements pursuant to which they have committed to voting their shares, representing in the aggregate, approximately 12.9% of the issued and outstanding 1CM common shares, in favour of the Arrangement at the Meeting, in accordance with the terms thereof.","length":...