Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF), a leading international cannabis consumer products provider, held its annual general and special meeting of shareholders on June 22, 2026, via live webcast. Shareholders cast a total of 1,712,387,752 votes, with each Subordinate Voting Share entitling one vote and each Multiple Voting Share entitling fifteen votes.
Key Approvals at the Meeting
Shareholders approved three major items. The first was a proposed amendment to the company's articles to remove the automatic conversion feature of Multiple Voting Shares upon listing on Nasdaq, NYSE, or another approved exchange. The amendment received 97.01% support from all shareholders voting together, 83.07% from Subordinate Voting Shareholders alone, 100% from Multiple Voting Shareholders, and 79.66% from Subordinate Voting Shareholders excluding shares held by Mr. Jordan and other excluded shares under MI 61-101. The company expects to file a notice of alteration with the British Columbia Registrar of Companies on June 23, 2026, making the amendment effective.
Option Exchange Program and Redomiciliation
Second, shareholders approved an exchange program for up to 10,070,478 outstanding stock options with exercise prices or performance vesting conditions tied to a trading price of US$5.00 or more. These options will be exchanged for restricted share units under the 2018 Stock and Incentive Plan. The program is expected to be implemented on or about June 30, 2026.
Third, the meeting approved a plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to continue the company from British Columbia to Delaware. The arrangement received 99.93% support from all shareholders voting together. A final order hearing is scheduled for June 25, 2026, at 9:45 a.m. Vancouver time at the Supreme Court of British Columbia.
Impact and Next Steps
These approvals mark significant steps in Curaleaf's corporate restructuring, potentially paving the way for a U.S. stock exchange listing and strategic realignment. The company intends to seek a final court order declaring the arrangement fair and reasonable to shareholders.
