EX-99.2 3 tm2231739d1_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

 

THE VALENS COMPANY INC.

(THE “COMPANY”)

 

SPECIAL MEETING OF THE SHAREHOLDERS

OF THE COMPANY (THE “MEETING”)

HELD ON TUESDAY, NOVEMBER 29, 2022

 

REPORT OF VOTING RESULTS

 

In accordance with Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, the matter voted upon and the outcome of voting at the Meeting are noted below. The matter voted upon at the Meeting is described in greater detail in the Management Information Circular of the Company dated October 24, 2022 (the “Circular”) sent to shareholders (“Shareholders”) of the Company. All capitalized terms used herein and not otherwise defined have the meaning set forth in the Circular.

 

Arrangement Resolution

 

The Arrangement Resolution, the full text of which is set forth in Appendix A to the Circular, authorizing the plan of arrangement under section 192 of the Canada Business Corporations Act, involving the Company, its securityholders and SNDL Inc. was approved by (i) not less than two-thirds of the votes cast by the Shareholders present at the Meeting or represented by proxy, and (ii) not less than a simple majority of the votes cast by the Shareholders present at the Meeting or represented by proxy, excluding any votes cast by those Shareholders whose votes are required to be excluded for the purposes of “minority approval” in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Based on proxies and ballots received, votes were cast as follows:

 

           Votes   % Votes 
Category of Voting  Votes For   % Votes For   Against   Against 
All voting Shareholders   33,929,706    96.96%   1,063,247    3.04%
All voting Shareholders except those required to be excluded under MI 61-101   31,909,073    96.78%   1,063,247    3.22%

 

Dated November 29, 2022