The Parent Company Shareholders Approve Merger With Gold Flora

TPCO Holding Corp. GRAMF GRAM announced that holders of common shares of the company voted in in favor of a special resolution to approve the proposed business combination with Gold Flora LLC, at the company's annual general and special meeting held on June 15, 2023. The special resolution required approval by at least two-thirds of the votes cast at the meeting by TPCO shareholders.

The business combination is expected to close in early July 2023, following the satisfaction or waiver of closing conditions including, among others, the approval of the Supreme Court of British Columbia, and the approval of the NEO Exchange.

Voting Results

TPCO shareholders approved a special resolution, as described in the proxy statement approving the proposed business combination involving the company, Gold Flora, Stately Capital Corporation, Gold Flora Corporation and Golden Grizzly Bear LLC.

TPCO shareholders also approved a special resolution, as set forth in the proxy statement, authorizing the combined company to continue out of the Province of British Columbia and into the State of Delaware under the name "Gold Flora Corporation".

The following seven individuals nominated to serve on the company's board of directors, were elected by TPCO shareholders: Troy Datcher, Michael Auerbach, Morgan Callagy, Mark Castaneda, Al Foreman, Leland Hensch and Daniel Neukomm.

Photo: Benzinga edit with photos by Matthias Zomer on Pexels and squarefrog on Pixabay

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