Cannex was founded in 2017 and is managed by a team of experienced industry and capital markets experts who are committed to aggressive, cost-effective growth. Cannex intends to facilitate growth through cash flow from operations, strategic acquisitions and partnerships and by leveraging the expertise of its experienced operational team. Cannex will focus on providing a range of comprehensive and flexible growth options for licensed cannabis cultivators, processors and/or dispensaries domestically and internationally, including providing turn-key real estate with operational infrastructure as well as long term advisory and consulting services.
Class A Shares
The total number of outstanding shares does not include 96,521,733 Class A convertible restricted voting shares (the “Class A Shares”) that are issued and outstanding. The Class A Shares are held by U.S. residents and there are restrictions on the ability of U.S. residents to convert such shares into common shares.
The holders of the Class A Shares are entitled to receive notice of and to attend all meetings of the shareholders. The holders of Class A Shares are entitled to one vote per Class A Share at any meeting of the shareholders provided that the holders of the Class A Shares will not be entitled to vote for the election or removal of the directors. Please see Section 10 – Description of Securities, of Cannex’s Form 2A Listing Statement for a further description of the Class A Shares.