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Freshii records $1.05-million net loss in first quarter amid ongoing COVID-19 closures

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Freshii Inc ,

Freshii Inc. Announces Voting Results at Annual Meeting of Shareholders

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) Health and wellness brand Freshii Inc. (TSX: FRII) (the “
Company”), announced the results of the vote on the reduction of the stated capital account of the Company’s Class A subordinate voting shares at its February 24, 2021 special meeting of shareholders.
The reduction of the stated capital account of the Company’s Class A subordinate voting shares, as contemplated under section 34 of the
Business Corporations Act (Ontario) to C$263,591, or to such greater amount as may be determined by the board of directors of the Company, was approved.
In order to be effective, the reduction of the stated capital account was required to be approved by: (a) the shareholders, voting together, representing in the aggregate, not less than 66⅔% of the votes cast by all shareholders present at the meeting in person or by proxy; and (b) the holders of the Company’s Class A subordinate voting shares, voting as a separate class, r ....

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