VANCOUVER, July 30, 2019 /CNW/ - Hempco Food and Fiber Inc
(TSXV:HEMP) ("Hempco") today announced that Institutional
Shareholder Services Inc. ("ISS"), a leading independent proxy
advisory firm, has recommended that shareholders of Hempco vote
FOR the shareholder resolution (the "Arrangement
Resolution") pertaining to the acquisition by Aurora Cannabis Inc.
("Aurora") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM), of all of the
issued and outstanding shares of Hempco which Aurora does not
already currently own. Aurora currently holds 51% of the
outstanding common shares of Hempco.
If the Arrangement Resolution is passed by Hempco shareholders,
each Hempco shareholder other than Aurora, will receive
$1.04 per Hempco share, payable in
common shares of Aurora shares at a deemed value of $12.01, resulting in an exchange ratio of
approximately 0.08659 Aurora shares for each Hempco share.
The meeting to approve the Arrangement Resolution is scheduled
for August 13, 2019, at 9:00am Vancouver
time. The deadline to vote is August
9, 2019, at 9:00am
Vancouver time.
Shareholders may vote via the internet, by phone or fax
following the instructions found on their voting form. If you have
any questions or require assistance voting your shares, please
contact Hempco's proxy solicitation agent, Laurel Hill Advisory
Group, at 1-877-452-7184 toll-free in North America, or call collect outside
North America at +1 416 304-0211,
or by e-mail at assistance@laurelhill.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Hempco Food and Fiber Inc.