VANCOUVER, British Columbia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX:ROMJF) ("Rubicon Organics" or the "Company"), a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce the voting results from its Annual General Meeting of the shareholders (the "Meeting"), held on September 14, 2023.
A total of 40,649,434 shares were represented in person or by proxy at the meeting, constituting approximately 72% of the Company's total issued and outstanding Common Shares as of the record date.
Results of Annual General Meeting
The following matters put forward before shareholders for consideration and approval as set out in Rubicon Organics' management information circular dated August 9, 2023 (the "Circular") were approved by the shareholders:
- Setting the number of directors of the Company at eight;
- Electing Margaret Brodie, John Pigott, David Donnan, Michael Detlefsen, Karen Proud, Len Boggio, Ian Gordon, and Doris Bitz[1] as directors of the Company for the ensuing year until the next annual meeting of the Company; and
- Appointing PricewaterhouseCoopers LLP as the Company's auditors for the ensuing year with the Company's directors authorized to fix their remuneration.
An updated corporate presentation presented at the Meeting is available for viewing on Rubicon Organics' website at www.rubiconorganics.com.
Appointment of Board of Directors Members and Chair
The board of directors is pleased to announce the appointment of Len Boggio to Chair of the Board of Directors (the "Board").
"The Company stands on a solid foundation poised for success, even in the face of the current challenging market conditions in the Canadian cannabis industry. Rubicon Organics is well-positioned to capitalize on our sustained growth, leveraging our diverse portfolio of brands and driven by our formidable team," said Len Boggio, Chair of the Board.
About the Independent Directors
Len Boggio
Len Boggio is a Fellow Chartered Professional Accountant (FCPA) with significant experience as an auditor, advisor and independent director of public companies. During his 30 years at PwC in Vancouver and the UK, Len's clients included Canadian and multi-national enterprises listed on stock exchanges in Canada, USA, UK, Europe and Australia. Since his retirement from PwC in 2012, he has served as an independent director of several public and private companies, and crown corporations, and agencies. Len has served as the chair of the Canadian Institute of Chartered Accountants (now CPA Canada) and president of the Institute of Chartered Accountants of British Columbia (now CPA BC), and played a senior role in the unification of the Canadian accounting profession. He holds both Bachelor of Arts and Bachelor of Commerce degrees (Honours) from the University of Windsor Ontario and is a member of the Institute of Corporate Directors (ICD.D).
Michael Detlefsen
Michael Detlefsen is the Managing Director of Pomegranate Capital Advisors, an active investor advisory firm based in Toronto. He has extensive strategic, operating, board and investor experience. He has held senior executive roles at Air Canada, Bell Canada/BCI, Maple Leaf Foods and Ceres Global Ag Corp. and has worked in the consulting practices of Monitor Company and PwC, as well as for the Government of Canada. He has advised and served on many boards, and is well-known and highly respected in the North American business community and within governments for his strategic acumen, operational insights, objective perspective, and ability to fix and grow businesses ...