Thank you for standing by. This is the conference operator. Welcome to the Cresco Labs Annual and Special Meeting of Shareholders. As a reminder, all participants are in listen-only mode, and the conference is being recorded. I would now like to turn the conference over to Tom Manning, Executive Chairman. Please go ahead.
Thank you. Good morning. I now call this meeting to order. Welcome to the Annual and Special Meeting of Shareholders of Cresco Labs Incorporated, hereinafter referred to as the Corporation. My name is Thomas Manning, Executive Chairman of the Board. Today, I am acting as chair of the meeting. As this meeting is held virtually via webcast, it is necessary to set out a few rules for the orderly conduct of the meeting. One, questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder using the instant messaging service of the virtual Lumi interface. Two, when asking a question, please indicate your name, your entity, which entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxy holder.
Three, for the purposes of the meeting today, voting on all matters will be conducted by electronic poll through the Lumi platform. The polls are now open for all resolutions at this time, and all registered shareholders and duly appointed proxy holders who have properly logged in with their control numbers should be able to see on their screen all motions that will be brought forth at this meeting. Four, if you are a registered shareholder or a duly appointed proxy holder, and you have already voted and do not wish to change your vote, please do not vote again. By voting again, you will revoke any previous vote made prior to the voting cutoff. Five, you may record your vote at any time throughout the course of the meeting until the reading of the final item of business, after which point the polls will be closed.
Once the polls are closed, the voting page will disappear, and you will no longer be able to change your votes. Your votes will then be automatically submitted. I will ask John Schetz, General Counsel to the Corporation, to act as Secretary of the meeting. I will ask Jacquie Fisher of Odyssey Trust Company, the Corporation's Registrar and Transfer Agent, to act as Scrutineer of the meeting. Notice of this meeting was published, and the notice calling this meeting and the related Management Information Circular, dated June 2, 2021, and proxy forms were mailed to shareholders of record as of May 26, 2021. I have received a statutory declaration attesting to the publication of the materials and to the mailing of the materials. I direct the secretary to attach the declaration to the minutes of this meeting. The scrutineer's report is complete, and a quorum is present.
I therefore declare this meeting to be properly constituted for the transaction of business. I now refer you to the audited, consolidated financial statements of the corporation as at December 31, 2020, and 2019, together with the report of the auditor thereon. Copies of the financial statements and the auditor's report were mailed to each shareholder requesting same at the time of the mailing of the notice of this meeting, and as such, have been placed before the shareholders of the corporation. If any shareholder has any questions or comments regarding the financials, we would be pleased to address them during the question and answer period at the conclusion of the meeting. We will now proceed to fix the number of directors of the corporation at eleven. I will now ask someone to please move to fix the numbers of directors at eleven.
Mr. Chair, I, Charles Bachtell, so move.
And I second the motion. The polls are open, and all registered shareholders and duly appointed proxy holders may enter their votes through the Lumi platform. We will now proceed with the election of the directors. I would ask someone to nominate those persons whose names appear as nominee directors in the Management Information Circular dated June two, 2021 .
Mr. Chair, Charles Bachtell, nominate the following for election as directors: Charles Bachtell, Robert M. Sampson, John R. Walter, Gerald F. Corcoran, Thomas J. Manning, Randy D. Podolsky, Marc Lustig, Michele Roberts, Carol Vallone, Tariq Brooks, and Sidney Dillard.
I second the nominations. As there were no other nominations pursuant to the advance notice policy of the Corporation, may I please have a motion to elect the directors?
I move that the persons nominated be elected as directors of the Corporation to hold such office until the next annual meeting of shareholders or until their successors are duly elected or appointed.
I second the motion. The polls remain open. Please enter your votes through the Lumi platform. The next item of business is the appointment of the auditor of the corporation for the ensuing year and the authorization of the directors of the corporation to fix the remuneration for such auditor. Would someone please move the adoption of a resolution appointing Marcum LLP as auditors of the corporation until the close of the next annual meeting of shareholders, or until its successor is appointed, and authorizing the board of directors to fix the auditor's remuneration during this period?
I, Charles Bachtell, so move.
I second the motion. The polls remain open. Please enter your votes through the Lumi platform. The next item of business is to consider, and if deemed advisable, to pass a special resolution, hereafter referred to as the amendment resolution, to amend the articles of the Corporation to vary the rights and restrictions attached to the super shares. In order to be effective, the amendment resolution must be approved by not less than two-thirds of the votes cast thereon by shareholders who are present at the meeting or represented by proxy. I will now ask someone to move to adopt the amendment resolution as set out in full in the Management Information Circular dated June two, 2021 , and to dispense with the reading of the resolution.
I, Charles Bachtell, so move.
I second the motion. The polls remain open and will be closing after this motion. If you have not already done so, please enter your votes through the Lumi platform. At this point, all registered shareholders and duly appointed proxy holders should have submitted their votes on all motions brought forth at this meeting. If you have not already voted, please complete the electronic ballot on Lumi now. We will give you one more minute. I would now ask that the polls be closed. The polls are now closed. The scrutineer has informed me that all four resolutions have passed. Is there any other business which may be properly brought before this meeting? Are there any questions? As there is no additional business, I ask for a motion to conclude the formal part of this meeting.
I, Charles Bachtell, so move.
I second the motion. I declare the motion carried and the formal part of this meeting has ended. Thank you very much for your attendance and participation.