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LOS ANGELES, Oct. 26, 2020 (GLOBE NEWSWIRE) — Ventura Cannabis and Wellness Corp. (CSE:VCAN) (“VCAN“, or the “Company“) is pleased to announce the results of its special meeting of shareholders held on Friday, October 23, 2020 (the “Meeting“). All resolutions presented at the Meeting were passed with a minimum of 79% of the shares voting in support of each resolution. VCAN shareholders have approved: (i) the sale of Portland Asset Holdings Corp (“PAHC Sale“) and the subsequent distribution of the consideration received from Vibe Growth Corporation (“Vibe“) to VCAN shareholders; and (ii) the delisting of the VCAN shares from the Canadian Securities Exchange (“CSE“) and the subsequent dissolution of the Company.
PAHC Consideration and Distribution
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