Namaste Technologies Announces 2020 Annual Shareholder Meeting Results

Rhea-AI Summary

On September 29, 2020, Namaste Technologies held its 2020 Annual General Meeting (AGM) via live webcast. Shareholders approved the election of five directors, including Baran Dilaver and Meni Morim, along with the appointment of Baker Tilly WM LLP as auditors. Also ratified were the amended stock option plan and new Deferred Share Unit and Restricted Share Unit Award Plans. The voting results showed considerable support for all nominees, with percentages of votes for each director ranging from 86.4% to 89.5%. For further details, visit Namaste's website.

Positive

• Election of five directors received strong approval, with vote percentages between 86.4% and 89.5%.
• Appointment of Baker Tilly WM LLP as auditors was ratified, ensuring ongoing financial oversight.
• Ratification of the amended stock option plan and new share unit plans may enhance employee retention and incentivization.

Negative

• None.

TORONTO, Sept. 30, 2020 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) announces the results of its 2020 Annual General Meeting of Shareholders ("AGM") held on Tuesday, September 29, 2020 in a virtual format via live webcast. Shareholders approved the election of the five nominated directors, the appointment of Baker Tilly WM LLP as the Company's auditors, the ratification of the Company's amended and restated stock option plan as well as the ratification of the newly established Deferred Share Unit Plan and Restricted Share Unit Award Plan.

Directors elected by shareholders include:

Director	Outcome of Vote	Percentage of Votes For	Percentage of Votes Withheld/Against
Baran Dilaver	Approved	86.4%	13.6%
Laurens Feenstra	Approved	87.1%	12.9%
Meni Morim	Approved	89.5%	10.5%
Branden Spikes	Approved	88.7%	11.3%
Andrew Wilczynski	Approved	87.2%	12.8%

The matters passed on at the Meeting are fully described in the Management Information Circular related to the Meeting, which can be found in the annual general meeting of shareholders section of the Company's website: https://www.namastetechnologies.com/shareholder-voting/.

About Namaste Technologies Inc.
Headquartered in Toronto, ON, Namaste Technologies is a leading online platform for cannabis products, accessories, and responsible education. The Company's 'everything cannabis store', CannMart.com, provides medical customers with a diverse selection of hand-picked products from a multitude of federally-licensed cultivators, all on one convenient site. The Company also distributes licensed and in-house branded cannabis and cannabis derived products to recreational consumers in Canada through a number of provincial government control boards and retailing bodies and online in Saskatchewan. Namaste's global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com
NamasteMD.com
Cannmart.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

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SOURCE Namaste Technologies Inc.

FAQ

What were the results of Namaste Technologies AGM on September 29, 2020?

The AGM resulted in the approval of the election of five directors and the appointment of auditors Baker Tilly WM LLP.

Who were the directors elected at Namaste Technologies AGM 2020?

The elected directors included Baran Dilaver, Laurens Feenstra, Meni Morim, Branden Spikes, and Andrew Wilczynski.

What financial oversight measures were taken during the AGM?

Baker Tilly WM LLP was appointed as the Company's auditors.

What plans were ratified during the Namaste Technologies AGM?

The AGM ratified the amended stock option plan along with new Deferred Share Unit and Restricted Share Unit Award Plans.

How did shareholders vote on the directors at the AGM?

Vote percentages for directors ranged from 86.4% to 89.5%, showing strong shareholder approval.