Cannara Provides Update on Its 2024 Annual General Meeting Materials amid Canada Post Strike

Core Points - Cannara Biotech Inc. will utilize CSA Coordinated Blanket Order 51-913 to exempt itself from sending proxy-related materials for its upcoming annual general meeting due to the ongoing postal strike in Canada [1][5][6] - The annual general meeting is scheduled for January 30, 2025, and will be conducted in a virtual-only format [3][4] - Shareholders will vote on several key matters, including the election of directors, appointment of auditors, and approval of stock option and restricted share unit compensation plans [4] Company Overview - Cannara Biotech Inc. is a vertically integrated producer of premium-grade cannabis and derivative products, operating two mega facilities in Québec with a total area of over 1,650,000 square feet [1][11] - The company has a potential annualized cultivation output of 100,000 kg, leveraging low electricity costs in Québec to offer affordable premium-grade cannabis products [11]