Thank you for standing by. Welcome to TerrAscend Corp.'s 2022 Annual Meeting of Shareholders. Presenters, your lines are now open.
Hi. Good afternoon, and welcome to the 2022 Annual Meeting of the Common Shareholders of TerrAscend Corp. My name is Jason Wild, and I am the Executive Chairman as well as a Director of the corporation. Given that we wish to engage with as many of our shareholders as possible, regardless of their physical location, this meeting is being held again this year as a completely virtual meeting. This virtual meeting will be conducted in the same manner as our 2021 annual meeting. Our goal is to replicate the experience you would have if today's meeting were being held in person.
If any shareholder or proxy holder has any technical issues with voting or submitting a question during this meeting, please click on the Support button under the Information section of your screen for technical assistance. In order for us to run the meeting efficiently, we encourage shareholders who have specific comments or questions related to one of the formal items of business to submit their comments through the platform now, clearly identifying the applicable item of formal business. We will do our best to address questions or comments related to the formal items of business as they are addressed during this meeting. Shareholders can submit questions by clicking on the question icon and submitting their questions. We have two matters of business to consider at this meeting, namely the election of directors, as well as the reappointment and remuneration of the corporation's auditor for the coming year.
The meeting is now called to order. In accordance with the bylaws of the corporation, I will preside as Chair of the meeting, and Lynn Gefen will act as Secretary of this meeting. Paul Keyes of Odyssey Trust Company will act as Scrutineer of this meeting. The notice calling this meeting, together with the management information circular describing the business of the meeting, have been properly sent to the holders of the common shares of the corporation as of April 28, 2022, the record date for the meeting. Copies of the 2021 audited annual financial statements of the corporation and the auditor's report thereon, as well as the related management discussion and analysis, are available under the corporation's filing on SEDAR. Accordingly, I will dispense with the reading of the notice of the meeting.
Prior to the start of this meeting, the scrutineer filed a preliminary report on attendance, and the Secretary has confirmed to me that there is a quorum of shareholders present at this meeting. Accordingly, this meeting is duly and properly constituted for the transaction of business. I direct that the confirmation of mailing of the meeting materials and the scrutineer's report on attendance be attached to the minutes of the meeting. Given that this is a virtual meeting, voting will be conducted by online ballot. If you are a registered shareholder who used your control number to log in to the meeting or a duly appointed proxy holder using the username provided by Odyssey to log into the meeting and you accept the applicable terms and conditions, you will have the opportunity to vote today by online ballot.
Please remember that if you have already voted by proxy and you vote again through the online ballot during today's meeting, your online vote will revoke your previously submitted proxy. If you have already voted by proxy and do not wish to revoke your previously submitted proxy, do not vote again during this meeting. The polls will be open for all items of business to be voted on at the same time. This will allow you to vote on each item immediately. The items of business to be voted on and your available voting options will be visible on the voting panel on your screen. To submit a vote, please click on your desired voting choice displayed on your screen. After you vote, a message confirming that your vote has been received will appear. Your vote can be changed by simply clicking the other available option.
If you wish to cancel your vote, please press Cancel. Once all items of business have been presented, we will provide a few additional minutes to enter your votes. I will then declare voting closed on all matters of business. The results of the votes on each matter will be announced prior to the close of the meeting. A majority of the votes cast must be voted in favor of the applicable resolution. I now declare the online voting polls open on all items of business. We will now proceed with the presentation of the corporation's audited consolidated financial statements for the year ended December 31, 2021, and the auditor's report thereon, which are available under the corporation's profile on SEDAR. Okay. The first item of business to be voted on at this meeting is the election of the directors of the corporation.
The number of directors to be elected at this meeting has been set by the corporation's board of directors at five. The management information circular contains the names and backgrounds of the individuals who have been nominated by the corporation for election until the close of the next annual general meeting. I now declare the meeting open for nominations. In the interest of expediency, I will ask Ari Unterman, a proxy holder and VP, legal at the corporation, to make the nominations on behalf of management of the corporation.
I nominate each of the persons specified in the management information circular delivered with this notice of meeting, namely Mr. Craig Collard, Ms. Kara DioGuardi, Mr. Ed Schutter, Ms. Lisa Swartzman, and Mr. Jason Wild to serve as directors of the corporation and to hold office until the close of the next annual general meeting of shareholders of the corporation, or until their offices are vacated earlier, or their successors are duly elected or appointed in accordance with the articles and bylaws of the corporation.
As the corporation did not previously receive timely notice of any further nominations of persons for election as directors of the corporation, as required by the advance notice provision, provisions of the corporation's bylaws, I declare the nominations closed. In order that a vote may be held on the matter, I request a motion that the five persons nominated as directors of the corporation be so elected.
I so move.
I second the motion.
Before I call for a vote on the motion, I will now pause for a moment to confirm whether any questions on this matter have been submitted.
I confirm that we have not received any questions related to this motion.
Thank you. Registered shareholders or their duly appointed proxy holders can vote by online ballot by selecting the applicable voting options on the voting panel displayed on their screens. As a reminder, if you have previously submitted a completed proxy and you do not wish to change your vote, it is not necessary to vote again on this matter. As all polls will remain open, we will continue with the meeting. We will now proceed with the reappointment and fixing of the remuneration of the auditor of the corporation.
In order that a vote may be held on the matter, I request a motion that MNP LLP Chartered Professional Accountants, licensed public accountants be reappointed as the auditor of the corporation until the close of the next annual meeting of shareholders of the corporation, or until a successor is duly appointed and the board of directors of the corporation be authorized to fix their remuneration.
I so move.
I second the motion.
Before I call for a vote on the motion, I will now pause for a moment to confirm whether any questions on this matter have been submitted.
I confirm that we have not received any questions related to this motion.
Thank you. Registered shareholders or their duly appointed proxy holders can vote by online ballot now. As a reminder, if you have previously submitted a completed proxy and you do not wish to change your vote, it is not necessary to vote again on this matter. We will now briefly pause to allow shareholders time to complete voting on the items of business of the meeting. I confirm the polls are now closed and that the scrutineer has tabulated the results. I'm pleased to confirm that the scrutineer has reported to me that all matters put to a ballot have been passed with the requisite shareholder approval. Accordingly, I hereby declare the nominated directors elected and the auditor reappointed. I would ask the secretary to file a copy of the scrutineer's report on today's voting results with the minutes of this meeting.
A press release will be issued following this meeting. This concludes the formal business of today's meeting. As there is no further business that may be properly considered, I declare the meeting to be terminated. On behalf of the board and the management of the corporation, I would like to thank everyone for attending today.