Cresco Labs Announces Transfers of Super Voting Shares to Certain Directors
- None.
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After giving effect to the transactions described above, Mr. Bachtell owns or controls, directly or directly, (a) 132,932 Super Voting Shares (representing approximately
After giving effect to the transactions described above, Mr. Manning owns or controls, directly or directly, (a) 133,760 Super Voting Shares (representing approximately
After giving effect to the transactions described above, Mr. Sampson owns or controls, directly or directly, (a) 133,308 Super Voting Shares (representing approximately
After giving effect to the transactions described above, Mr. Sergi does not own or control, directly or directly, any outstanding Super Voting Shares. Mr. Sergi decided to transfer his Super Voting Shares as he is no longer on the Company’s board of directors.
Mr. Bachtell, Mr. Manning, Mr. Sampson and Mr. Sergi have advised the Company that they may, subject to market conditions, seek to increase or decrease their respective investments, directly or indirectly in the Company through the market, privately or otherwise, depending on market conditions or any other relevant factors.
The transfers described above were effected in accordance with the Company’s articles. In addition to certain other redemption triggers set out in the articles, the investment agreement entered into among the holders of the Super Voting Shares provides that the Super Voting Shares will be repurchased by the Company not later than the first business day following the first annual meeting of shareholders of the Company after its Subordinate Voting Shares become listed on a
This news release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report by each of Mr. Bachtell, Mr. Sergi, Mr. Manning and Mr. Sampson (collectively, the “Early Warning Reports”). Copies of the Early Warning Reports will be available on SEDAR+ under the Company’s profile at www.sedarplus.ca and can also be obtained by contacting Jason Erkes, Chief Communications Officer of the Company at press@crescolabs.com. Please refer to the Early Warning Reports for further details concerning Mr. Bachtell’s, Mr. Sergi’s, Mr. Manning’s and Mr. Sampson’s shareholdings in the Company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240209043625/en/
Media
Jason Erkes, Cresco Labs
Chief Communications Officer
press@crescolabs.com
312-953-2767
Investors
investors@crescolabs.com
For general Cresco Labs inquiries:
312-929-0993
info@crescolabs.com
Source: Cresco Labs
FAQ
What is the significance of the transfer of Super Voting Shares at Cresco Labs (CRLBF)?
Who acquired Super Voting Shares at Cresco Labs (CRLBF) and from whom?
What percentage of Super Voting Shares do the individuals now own at Cresco Labs (CRLBF)?
Why did Mr. Sergi transfer his Super Voting Shares at Cresco Labs (CRLBF)?