Cannasouth Limited (NZX:CBD) announces that the watershed meeting was held on Friday, 7 June 2024 at 10:00am.
At the watershed meeting, creditors of Cannasouth Limited (and creditors of subsidiaries of Cannasouth Limited) approved the proposed Deed of Company Arrangement, which was endorsed by the Administrators.
-ENDS-
For further information visit www.cannasouth.co.nz or contact:
Garry Whimp
Administrator, Blacklock Rose Ltd
Email: [email protected]
Mobile: 021 587 230
Ben Francis
Administrator, Blacklock Rose Ltd
Email: [email protected]
Mobile: 021 042 6991
Shareholders Association wants both sides to work it out.
The S&P/NZX 50 Index closed at 12,550.05, down 51.37 points or 0.41%.
The group, led by Rob Hewett, believes it has support from 35% of shareholders.
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