RIV Capital Inc. (“RIV Capital” or the “Company”) (CSE: RIV) (OTC: CNPOF), a cannabis packaged goods company with a focus on establishing one of the strongest portfolios of brands in key strategic U.S. markets, today announced that it has scheduled a special meeting of its shareholders for June 6, 2023, at 10:00 a.m. EDT (the “Special Meeting”), in response to the previously announced shareholder requisition from funds that are controlled or directed by JW Asset Management, LLC (“JWAM”). As previously announced, JWAM has requisitioned the Special Meeting to, among other things, elect five new directors to the board of directors of the Company.
RIV Capital also announced that it has set May 3, 2023, as the record date for determining shareholders of the Company who are entitled to receive notice of, and to vote at, the Special Meeting.
Shareholders are not required to take any action at this time. RIV Capital will prepare and deliver to shareholders a management proxy circular in respect of the Special Meeting in accordance with applicable law.
MATTIO Communications is acting as communications advisor to RIV Capital. Blake, Cassels & Graydon LLP is acting as legal counsel to RIV Capital’s board of directors.Source: source