Hemp Technology Inc. Announces Filing of Schedule 14A Proxy Statement and Annual Meeting of Shareholders
20 October 2020 - 4:23AM
InvestorsHub NewsWire
Los
Angeles, CA -- October 19, 2020 -- InvestorsHub NewsWire
-- Hemp
Technology Inc. (HPTY:
OTCBB), (“HPTY”), a vertically integrated, publicly traded
holding company operating a diversified portfolio of subsidiary
companies in the Hemp related
industry announces the filing of a Schedule 14A Proxy
Statement. These documents can be found under the Company's profile
at www.sec.gov.
We
are pleased to announce in the above referenced Schedule 14A, Proxy
Statement, notice of our Annual Meeting of Shareholders, to be held
virtually on November 12,
2020.
Verified Shareholders of record effective October
7, 2020, will be entitled to vote on-line and attend the telephone
meeting by registering at www.hemptechnologyinc.com/registration on
or before November 6, 2020.
The meeting will be held for the
following purposes:
1. To elect three (3) directors,
who are already directors of the
Company;
2. To approve an amendment to our
Certificate of Incorporation to effectuate a reverse split of our
44,029,197,258 issued and outstanding shares of common stock where
the total and issued outstanding common shares does not exceed
20,000,000 shares, with any fractional shares that would otherwise
be issuable as a result of the reverse split being rounded up to
the nearest whole share (the “Reverse Stock
Split”).
3. To consider an advisory vote on
executive compensation;
4. To consider an advisory vote on
the frequency of the advisory vote on executive
compensation;
5. To ratify the selection of MNP,
Member of Praxity. as the Company’s independent auditor for fiscal
year ending April 30, 2021; and
6. To transact such other business
as may properly come before the Annual
Meeting.
Only shareholders of record at the
close of business on October 7, 2020, are entitled to notice of,
and to vote at, this meeting.
Hemp
Technology Inc. operates and intends to further obtain a
diversified portfolio of subsidiary companies. With a variety of
assets, products, and ancillary offerings in the hemp and related
industries, the Company’s fluid business model is positioned to
capitalize on, and quickly adapt to, changing market
conditions.
The
Company is continually seeking growth opportunities and strategic
acquisitions that support its vertically integrated business model
and maintain alignment with the dynamic industry
environment. HPTY
has employees/consultants, operations, and subsidiaries in the
hemp, and ancillary product industry in both Canada the US and
Europe. The company has broad experience with supply chain networks
and distribution frameworks in hemp and related product supply,
packaging supply, and accessory
supply.
About
Hemp Technology
Inc.
A
vertically integrated, publicly traded holdings company, Hemp
Technology Inc, (HPTY:OTCBB)
operates and intends to further obtain a diversified portfolio of
subsidiary companies. With a variety of assets, products, and
ancillary offerings in the hemp and related industries, HPTY’s
fluid business model is positioned to capitalize on, and quickly
adapt to, changing market
conditions.
The
Company is continually seeking opportunities and strategic
acquisitions that support its business model and maintain alignment
with the dynamic industry
environment.
The
information contained herein contains “forward-looking statements”
within the meaning of applicable securities legislation.
Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and
estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be “forward-looking
statements.” Forward-looking statements are subject to a variety of
risks and uncertainties that could cause actual events or results
to differ from those reflected in the forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are
made as of the date hereof, and the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially
from the Company’s expectations or
projections.
###
For
more information, please
contact:
Inquiries and Investor
Relations
1.437.230.7399
ir@hemptechinc.com