Annual General Meeting Update from CubicFarms
Virtual Meeting Announcement
Vancouver, British Columbia – December 11, 2024
CubicFarm® Systems Corp. (TSXV: CUB), a local chain agricultural technology company, has recently announced that the upcoming annual general meeting scheduled for Friday, January 10, 2025, will be conducted virtually. Due to the current delays and suspension of mail service in Canada caused by the nationwide strike of the Canadian Union of Postal Workers, the Company has chosen to hold the meeting via teleconference at 11 a.m. (Pacific time) using the Accutel meeting platform. Shareholders can participate by dialing (+1) 888 886 7786.
As part of the process, CubicFarms has relied on CSA Coordinated Blanket Order 51-931 to exempt themselves from the requirements to send proxy-related materials, including the proxy and voting information forms and the Company’s management information circular (the “Circular”). The Company has ensured that all conditions for reliance on the blanket order have been satisfied.
This decision was made to ensure that shareholders can still participate in the meeting despite the challenges posed by the Postal Strike. By leveraging virtual technology, CubicFarms aims to maintain transparency and communication with its stakeholders.
How will this affect me?
As a shareholder of CubicFarms, this virtual meeting format allows you to participate in the annual general meeting without the need for physical attendance. By dialing into the teleconference, you can still have a voice in the decision-making processes of the Company and exercise your voting rights.
How will this affect the world?
The decision to hold the annual general meeting virtually reflects a growing trend towards embracing technology to overcome logistical challenges. By leveraging virtual platforms, CubicFarms is setting an example for other companies facing similar circumstances, demonstrating that business operations can adapt and continue despite external disruptions.
Conclusion
In conclusion, CubicFarm’s decision to conduct the upcoming annual general meeting virtually showcases their commitment to adaptability and stakeholder engagement. By embracing technology and alternative meeting formats, the Company is prioritizing transparency and communication with its shareholders, ensuring that business operations continue seamlessly amidst external challenges.
