Rubicon Organics announces results of annual general meeting
September 15, 2023 By Grow Opportunity Staff
(Globe Newswire) Vancouver — Rubicon Organics Inc., a licensed producer focused on cultivating and selling organic certified, premium cannabis, is pleased to announce the voting results from its annual general meeting of the shareholders, held on September 14, 2023.
A total of 40,649,434 shares were represented in person or by proxy at the meeting, constituting approximately 72 per cent of the Company’s total issued and outstanding common shares as of the record date.
Results of the AGM
The following matters put forward before shareholders for consideration and approval as set out in Rubicon Organics’ management information circular dated August 9, 2023 were approved by the shareholders:
— Setting the number of directors of the company at eight;
— Electing Margaret Brodie, John Pigott, David Donnan, Michael Detlefsen, Karen Proud, Len Boggio, Ian Gordon, and Doris Bitz as directors of the company for the ensuing year until the next annual meeting of the company; and
— Appointing PricewaterhouseCoopers LLP as the company’s auditors for the ensuing year with the company’s directors authorized to fix their remuneration.
An updated corporate presentation presented at the Meeting is available for viewing on Rubicon Organics’ website at www.rubiconorganics.com.
Appointment of board of directors members and chair
The board of directors is pleased to announce the appointment of Len Boggio to chair of the board of directors.
“The company stands on a solid foundation poised for success, even in the face of the current challenging market conditions in the Canadian cannabis industry. Rubicon Organics is well-positioned to capitalize on our sustained growth, leveraging our diverse portfolio of brands and driven by our formidable team.” — Len Boggio, chair of the board
About the independent directors
Len Boggio is a Fellow Chartered Professional Accountant (FCPA) with significant experience as an auditor, advisor and independent director of public companies. During his 30 years at PwC in Vancouver and the UK, Len’s clients included Canadian and multi-national enterprises listed on stock exchanges in Canada, USA, UK, Europe and Australia. Since his retirement from PwC in 2012, he has served as an independent director of several public and private companies, and crown corporations, and agencies. Len has served as the chair of the Canadian Institute of Chartered Accountants (now CPA Canada) and president of the Institute of Chartered Accountants of British Columbia (now CPA BC), and played a senior role in the unification of the Canadian accounting profession. He holds both Bachelor of Arts and Bachelor of Commerce degrees (Honours) from the University of Windsor Ontario and is a member of the Institute of Corporate Directors (ICD.D).
Michael Detlefsen is the Managing Director of Pomegranate Capital Advisors, an active investor advisory firm based in Toronto. He has extensive strategic, operating, board and investor experience. He has held senior executive roles at Air Canada, Bell Canada/BCI, Maple Leaf Foods and Ceres Global Ag Corp. and has worked in the consulting practices of Monitor Company and PwC, as well as for the Government of Canada. He has advised and served on many boards, and is well-known and highly respected in the North American business community and within governments for his strategic acumen, operational insights, objective perspective, and ability to fix and grow businesses under challenging circumstances. Michael holds a Bachelor of Commerce (Honours) from Queen’s University and a Master in Public Policy from the Harvard Kennedy School and is a member of the Institute of Corporate Directors (ICD.D). He was named to Canada’s Top 40 Under 40 in 2002.
David Donnan is a leader in the global food and agricultural sector with over 40 years of experience working in consumer and food products, technology and retail industries. He is a Partner Emeritus at Kearney, an international management consulting firm and was previously a Senior Partner at the firm where he led their global food and beverage team. Currently David is an Adjunct Professor at Northwestern University in Chicago as well as an investor in new ventures in agtech and foodtech. He is a board member of Protein Industries Canada and the Foundation for Food and Agriculture Research in Washington DC.
Ian Gordon recently retired as the Senior Vice President of Loblaw Brands Limited where he led the development and innovation behind some of Canada’s largest consumer brands including President’s Choice, no name and Life Brand. With the growing issue of plastic waste in the environment, Ian now leads Loblaw’s plastic reduction strategy, overseeing the company’s cross-functional steering committee. Prior to Loblaw, Ian held senior sales and marketing roles at leading CPG companies including Unilever and International Multifoods, and President of ACLC Advertising. Ian is a board member of Recycle BC, The Canada Plastics Pact, and the Food from Thought research program at the University of Guelph. Ian is a graduate of Queen’s University.
John Pigott is the CEO of Club Coffee, a leading Canadian roaster, contract manufacturer and distributor of packaged coffees. He is also the President and CEO of Morrison Lamothe Inc., an independent Canadian Food & Beverage processor. John has extensive experience in strategic planning, sales and product development in manufacturing frozen food products for many national and retailer owned brands and is committed to creating eco-friendly products. John has been an active force in his community for almost 40 years and has served on numerous private company and industry boards, task forces, and associations including the Canadian Association of Family Business, the University of Ottawa — Faculty of Administration and the Young Presidents Organization.
Karen Proud is a policy strategist who has over 20 years experience in government relations, policy development, and regulatory and legislative affairs. Karen is currently the President & CEO of Fertilizer Canada. Prior to joining Fertilizer Canada, Karen served as the Chief Operating Officer for Food, Health and Consumer Products Canada, President of Consumer Health Products Canada, and Vice President of Federal Government Affairs for the Retail Council of Canada. Karen is a board member of Nutrients for Life, a charitable organization focusing on soil science and agricultural sustainability. Karen is also a past board member of the Global Self Care Federation, Labour Watch, as well as the Canadian Partnership for Consumer Food Safety Education. Karen holds a Bachelor of Applied Science from Toronto Metropolitan University (formerly Ryerson University).
Doris Bitz has over 30 years of experience successfully building, scaling and growing manufacturing and CPG businesses in North America. In Doris’ most recent assignment as President, Retail of Dessert Holdings, a leading manufacturer of high-quality dessert products sold through retail and food service customers, Doris was responsible for the vision, strategy and commercial operations that propelled the business from annual revenues of $65 million to nearly $1 billion through organic growth and M&A. Doris has also held executive marketing positions at top-tier CPG companies including PepsiCo Canada and General Mills. Doris holds an HBA and an MBA from the Ivey School of Business at Western University.
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