RIV Capital Announces Results of Annual General and Special Meeting of Shareholders

Rhea-AI Summary

RIV Capital Inc. (OTC: CNPOF) held its annual general and special meeting on Sept. 30, 2021, where shareholders voted in favor of three key items: the election of director nominees, the approval of the company's financial statements, and the reappointment of KPMG LLP as auditors. However, the proposal for an advance notice bylaw was not approved due to insufficient votes. This meeting highlights shareholder support for company leadership and financial oversight.

Positive

• Approval of financial statements indicates shareholder confidence.
• Reappointment of KPMG LLP ensures continued robust financial oversight.
• Election of director nominees suggests stability in management.

Negative

• Advance notice bylaw proposal failed to receive sufficient votes.

TORONTO, Sept. 30, 2021 /PRNewswire/ - RIV Capital Inc. (the "Company") (CSE: RIV) (OTC: CNPOF) announced the voting results of its annual general and special meeting of shareholders (the "Meeting") held today.

Shareholders voted in favour of three items of business before the Meeting, those being the election of the director nominees listed in the Company's management information circular, approval of the Company's financial statements, and the reappointment of KPMG LLP as the Company's auditors. The fourth item before the Meeting, the resolution to adopt and approve an advance notice bylaw, received an insufficient number of votes and was not carried.

About RIV Capital
RIV Capital  is an operating and brand platform that aims to acquire, invest in, and develop U.S. cannabis companies to build the cannabis industry of tomorrow, today. By bringing together people, capital, and ideas, we aim to provide shareholders with exposure to exceptional cannabis companies in strategically attractive states poised for significant growth. Backed by our in-house expertise and cannabis domain knowledge, we aim to develop operators and brands who can build market share while we expand the geographic and strategic scope of our multistate platform. RIV Capital also has a strategic relationship with The Hawthorne Collective, a subsidiary of The Scotts Miracle-Gro Company, pursuant to which RIV Capital is the Hawthorne Collective's preferred vehicle for cannabis-related investments not under the purview of other ScottsMiracle-Go subsidiaries.

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SOURCE RIV Capital Inc.

FAQ

What were the results of RIV Capital's annual meeting on Sept. 30, 2021?

Shareholders approved the election of directors, financial statements, and reappointment of KPMG LLP, but rejected the advance notice bylaw.

What is the significance of KPMG LLP's reappointment for CNPOF?

KPMG LLP's reappointment signifies continued robust financial oversight and transparency for RIV Capital.

Why was the advance notice bylaw not approved at RIV Capital's meeting?

The advance notice bylaw did not receive enough votes from shareholders to be adopted.

What does the shareholder support in RIV Capital's meeting indicate?

The support for financial statements and director nominees indicates confidence in management and the company's direction.