VANCOUVER, BC, June 18, 2021 /CNW/ - CubicFarm® Systems
Corp. ("CubicFarms" or the "Company") (TSXV: CUB), a local
chain, agricultural technology company, today announced the voting
results from its Annual General Meeting of shareholders
(the "Meeting"), which was held virtually on June 17, 2021.
Election of Directors
Shareholders approved the setting of the number of Directors at
seven. The seven candidates nominated for election to CubicFarms'
Board of Directors (the "Board") and listed in the Company's
Management Information Circular dated May
17, 2021 (the "Circular"), were elected by a majority of the
votes cast at the Meeting. Shareholders elected David Dinesen,
Leo Benne, Janet Wood, Michael
McCarthy, Daniel Burns,
Jeffrey D. Booth, and Christopher Papouras. Approximately 99% of the
votes cast were in favour of the election of the Directors.
Shareholder Approval of Other Matters
In addition, at the Meeting, shareholders approved the
appointment of KPMG LLP, Chartered Accountants, as the auditor of
the Company for the ensuing financial year with their remuneration
to be fixed by the Board. Approximately 100% of the votes cast were
in favour of the appointment.
Shareholders also approved an amendment to the Company's stock
option plan to increase the fixed number of shares that may be
issued upon the exercise of all options granted under the plan, as
more particularly described in the Circular. Approximately 92% of
the votes cast were in favour of the amendment.
"It was a pleasure to host today's AGM," said Jeffrey Booth, Chair, CubicFarms. "We appreciate
the strong support and participation of our shareholders in the
meeting as well as the opportunity to reflect on the Company's
milestones and growth over the last year."
About CubicFarms
CubicFarms is a local chain, agricultural technology company
developing and deploying technology to feed a changing world. Its
proprietary ag-tech solutions enable growers to produce high
quality, predictable produce and fresh livestock feed with
HydroGreen Nutrition Technology, a division of CubicFarm Systems
Corp. The CubicFarms™ system contains patented technology for
growing leafy greens and other crops onsite, indoors, all year
round. CubicFarms provides an efficient, localized food supply
solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Forward-looking
statements are not guarantees of future performance and actual
results may vary materially from those statements. General business
conditions are factors that could cause actual results to vary
materially from forward-looking statements.
SOURCE CubicFarm Systems Corp.
