Business
Planet 13 Announces Results of Annual General and Special Meeting
LAS VEGAS, NV / ACCESSWIRE / July 28, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (" ...
About this update from Planet 13 Holdings Inc
[{"type":"text","content":"Planet 13 Announces Results of Annual General and Special MeetingLAS VEGAS, NV / ACCESSWIRE / July 28, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (\"Planet 13\" or the \"Company\"), a leading vertically-integrated multi-state cannabis company, today announced the following results for each item of business considered at Planet 13's Annual General and Special Meeting of Shareholders held on Thursday, July 27, 2023.Election of DirectorsThe following table sets out the percentage of shares voted in respect of the election of directorsNominee% For% WithheldRobert Groesbeck98.72%1.27%Larry Scheffler98.67%1.32%Lee Fraser99.25%0.74%Adrienne O'Neal99.12%0.87%Re-Appointment and Remuneration of Auditors98.10% of shares voted were voted in favor of re-appointing Davidson & Company LLP as auditors of the Company for the ensuing year and authorizing the board of directors of the Company to fix the remuneration to be paid to the auditors.Nevada DomesticationThe Company is pleased to announce that the special resolution (the \"Arrangement Resolution\") to approve the proposed plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) involving, among other things, the continuance of the Company out of British Columbia and the concurrent domestication of the Company to the State of Nevada (the \"Nevada Domestication\"), was resoundingly passed with 99.50% the votes cast, voting in favor of the Arrangement Resolution. The Arrangement Resolution required the approval of not less than 66 2/3% of the votes cast by the shareholders present in person or by proxy at the Annual General and Special Meeting.The Company anticipates completing the Nevada Domestication on or about September 1, 2023, subject to, among other things, receipt of a final order of the British Columbia Supreme Court, which is expected to be obtained at a final order hearing on August 3, 2023, the Company's determination that it will not incur a material amount of Canadian income tax at the effective time of the Nevada Domestication, as well as a number of other conditions as set out in the Company's proxy statement dated June 22, 2023 and filed with the U.S. Securities and Exchange Commission at www.sec.gov and on the Company's issuer profile on SEDAR at www.sedar.com.2023 Equity Incentive Plan98.48% of the votes cast were voted in fa...