Verano Shares Insights on Postal Disruptions and Meeting Voting
Important Update from Verano Holdings Corp.
Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF), a distinguished multi-state cannabis company, is reaching out to its shareholders to provide crucial updates regarding the ongoing postal disruptions in Canada. These issues may impact the delivery of the meeting materials for the imminent special meeting scheduled for a later date. The company acknowledges the challenges posed by the situation and urges all shareholders to stay informed.
Impact of Canadian Postal Strike on Shareholder Communication
The ongoing postal strike in Canada has caused uncertainty about the timely distribution of important meeting materials necessary for the upcoming shareholders' meeting. While Verano is diligently working to mail these documents as usual, there is a possibility that all shareholders may not receive their materials in time for the meeting. Consequently, a proactive approach to voting is encouraged.
Voting Instructions for Shareholders
To ensure that their voices are heard, shareholders should submit their votes online instead of relying on postal mail, which may be delayed. Those who have received the meeting materials are advised to recast their votes online to guarantee their voting instructions are registered on time. Notably, the time frame for proxy submissions has been adjusted, allowing voting up until 9:30 a.m. Central Time shortly before the meeting.
Steps for Registered Shareholders
Registered shareholders, meaning those who hold shares directly in their names, can obtain their control numbers or assistance by using the “Chat with Odyssey Trust” feature available on their website. They can also reach out to Odyssey Trust Company directly via phone, which is a straightforward way to ensure everything is handled properly ahead of the meeting.
Guidance for Beneficial Shareholders
Beneficial shareholders, who hold shares via brokers or intermediaries, should communicate with their respective firms to obtain the necessary voting instructions. Submitting votes at least 24 hours prior to the cut-off time is advised for these shareholders to account for any potential delays.
Dissent Rights for Shareholders
In line with the materials provided for the special meeting, registered shareholders hold the right to dissent regarding proposals up for vote. If they wish to exercise this right, a written notice of dissent must be submitted by the specified deadline. This right protects shareholders' interests and ensures they have a say in significant corporate decisions.
About Verano Holdings Corp.
Verano Holdings Corp. is at the forefront of the U.S. cannabis industry with a reputation of excellence shaped by its impressive revenue history and diverse geographical presence. The company is committed to furthering cannabis progress while providing a premium shopping experience through its retail outlets known as Zen Leaf and MÜV.
With innovative initiatives such as the Cabbage Club™—an exclusive annual membership program that offers unique benefits—Verano is dedicated to enhancing customer experience while fostering a strong and compliant product portfolio. Spread across 13 states with 15 production facilities, the company boasts over 1.1 million square feet dedicated to high-quality cannabis cultivation, ensuring diverse options for customers and investors.
Contacting Verano for Inquiries
For media inquiries, shareholders can reach out to Steve Mazeika, the VP of Communications at Verano, via email. Investors with questions about their investments can also contact the company directly. Such open lines of communication underscore the company's commitment to transparency and shareholder engagement.
Frequently Asked Questions
What is the reason for the recent update from Verano?
Verano is updating shareholders on the potential delays in receiving meeting materials due to a postal strike in Canada.
How should shareholders cast their votes?
Shareholders should vote online instead of mailing their proxies to ensure timely submission and recognition of their votes.
What are dissent rights?
Dissent rights allow registered shareholders to express discontent regarding proposals being voted on and involve submitting a written notice by a set deadline.
How can I contact Verano for more information?
Shareholders can reach out to media contact Steve Mazeika or contact the investor relations team directly via the provided email addresses for assistance.
What is the significance of the special meeting?
The special meeting is essential for shareholders to vote on a plan of arrangement impacting the company's future direction and operations.
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