Rivers Shareholders Approve Plan of Arrangement with Canopy Growth
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Rivers" or the "
Company") (TSX: RIV) (OTC: CNPOF) is pleased to announce that its shareholders voted today to approve the previously announced plan of arrangement (the "
Arrangement") involving Canopy Growth Corporation ("
Canopy Growth") (TSX: WEED) (NASDAQ: CGC).
Approximately 99.87% of the votes cast by Rivers' shareholders were voted in favour of the Arrangement, including approximately 99.85% of the votes cast by Rivers' shareholders other than Canopy Growth, whose votes were required to be excluded pursuant to Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions. Approval was required from at least (i) two-thirds of the votes cast by the holders of Subordinated Voting Shares ("