Vireo Growth Inc. (VREO) Earnings Call Transcript & Summary

Thank you for standing by. This is the conference operator. Welcome to the Goodness Growth Holdings, Inc., Annual General Meeting of Shareholders. I would now like to turn the conference over to Dr. Kyle Kingsley, Chairman of the Board and CEO. Please go ahead.

Good morning, everyone. Welcome to the Annual Meeting of Shareholders of Goodness Growth Holdings, Inc. The meeting will now come to order. I'm Dr. Kyle Kingsley. I'm the Chairman of the Board of Directors and Chief Executive Officer of Goodness Growth Holdings, Inc., and I will act as Chair of the meeting. As the COVID-19 crisis prevents us from holding our meeting in person, it is hosted on the Lumi Virtual Shareholder Meeting platform. This allows registered shareholders to vote and submit questions and comments to the moderator to be read and addressed at the meeting. If you have a question or comment regarding the business of the meeting, you'll have the opportunity to ask it when prompted. I shall ask Michael Schroeder to act as Secretary of the meeting; and Heather Thomas, a representative of Odyssey Trust Company to act as scrutineer. I have received confirmation from Odyssey as to the date -- as to the due mailing of the meeting materials and the financial statements for the year ended December 31, 2020. I've also received confirmation that the location and form of meeting have been publicly disclosed on SEDAR on April 1, 2021. I direct that this confirmation, together with copies of these documents, be kept by the Secretary with the minutes of this meeting. Business may be transacted at this meeting if 1 shareholder is present. The scrutineers' report has now been received, and it shows that there is a quorum of shareholders present at the meeting. I direct that the scrutineers' report be kept by the Secretary with the minutes of this meeting. I now declare that this meeting is regularly called and properly constituted for the transaction of business. We will conduct each vote by way of vote cast on the Lumi platform and those submitted by proxy. I understand that the scrutineers have tabulated all the votes received prior to voting cutoff. If you have previously voted, you do not need to vote again when prompted. By voting again, you will revoke any previous vote made prior to voting cutoff. The polls are now open for all of the resolutions. Particulars of the votes cast on all matters may be obtained from the secretary after the meeting. I direct that the scrutineers' report on all matters be annexed to the minutes of this meeting as a schedule. I would first like to present the financial statements for the year ended December 31, 2020. These are located on the Lumi dashboard page. The next item of business is the election of Directors of Vireo Health International, Inc. I will now entertain the nominations for 6 positions as directors. I nominate Dr. Kyle Kingsley; Chelsea Grayson, Ross Hussey, Victor Mancebo, Judd Nordquist and Amber Shimpa, as Directors of Goodness Growth Holdings, Inc., to hold office until the next annual election of directors or until their successors are elected or appointed.

I second the nomination.

As there are no further nominations, I now declare the nominations closed. Is there any discussion or questions submitted from any registered shareholder or proxyholder?

Mr. Chairman, there are no questions.

The next item of business is the appointment of auditors.

I move that Davidson & Company LLP be appointed auditors of Goodness Growth Holdings, Inc., until the next annual meeting or until their successor is appointed and that their remuneration as such be fixed by the Board of Directors.

I second the motion. Is there any discussion or questions submitted from any registered shareholder or proxyholder?

Mr. Chairman, there are no questions. As voting has been enabled for all previous motions, if a shareholder has not voted yet, please do so now. We will close the polls in 1 minute. [Voting]

The polls are now closed. I've been advised by the scrutineers that the resolution has been approved by more than the requisite majority and that those nominated have been duly elected as the Directors of Goodness Growth Holdings, Inc. I declare the motions carried and the nominees for the Board of Directors elected. The Chair will now entertain a motion that the meeting be adjourned.

I move this meeting be adjourned.

I second the motion. I declare this meeting adjourned.