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Leading Advisory Firms ISS and Glass Lewis Support Plan of Arrangement between Canopy Growth Corporation and Mettrum Health Corp.
Leading Advisory Firms ISS and Glass Lewis Support Plan of Arrangement between Canopy Grow...
About this update from M3 Metals Corp.
[{"type":"text","content":"\n\n\n\nLeading Advisory Firms ISS and Glass Lewis Support Plan of Arrangement between Canopy Growth Corporation and Mettrum Health Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and SMITHS FALLS, ON, Jan. 23, 2017\n\n\n\nTORONTO and SMITHS FALLS, ON, Jan. 23, 2017 /CNW/ - Canopy Growth Corporation (\"Canopy Growth\") (TSX: CGC) and Mettrum Health Corp. (\"Mettrum\") (TSX.V: MT) (together, the \"Companies\") are pleased to announce that both Institutional Shareholder Services (\"ISS\") and Glass, Lewis & Co., LLC (\"Glass Lewis\"), leading independent proxy advisory firms which provide voting recommendations to institutional investors, have recommended that shareholders of both Companies vote FOR the resolutions to Approve the Acquisition of Mettrum by Canopy Growth pursuant to the terms of an arrangement agreement dated November 30, 2016 and previously announced by the Companies on December 1, 2016 (the \"Transaction\").\n\nShareholders of Canopy Growth are being asked to consider an ordinary resolution to approve the issuance, or reservation for issuance, as the case may be, by Canopy Growth, of up to 40,000,000 common shares as may be required at a special meeting of Canopy Growth shareholders to be held on January 27, 2017. Similarly, shareholders of Mettrum are being asked to consider a special resolution at a special meeting of Mettrum shareholders to be held on January 27, 2017 to approve a plan of arrangement involving the Companies to effect the proposed Transaction.  The background and additional information and details of the proposed Transaction are contained in the Joint Management Information Circular of the Companies dated December 22, 2016 which is available on SEDAR at www.sedar.com.\n\nIf approved and subject to the other conditions being met, including requisite court approval for the plan of arrangement, Canopy Growth would acquire all of the issued and outstanding shares of Mettrum which would result in the creation of a world-leading diversified cannabis company with six licensed fa...