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Monday, 02/01/2021 4:29:14 PM

Monday, February 01, 2021 4:29:14 PM

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$SCNNF Sativa Wellness Group Inc. Provides Annual General and Special Meeting Update
Press Release | 01/29/2021
VANCOUVER, BC / ACCESSWIRE / January 29, 2021 / Sativa Wellness Group Inc. (CSE:SWEL) ("Sativa Wellness" or the "Company") is pleased to announce the results of the Company's Annual General, and Special Meeting of the shareholders held on January 26, 2021 (the "Meeting"). There were 97,361,247 shares voted, representing 32.18% of the total shares issued and outstanding. A majority of the shareholders voted to accept the financial statements for each of the 2019 and 2020 fiscal years. The shareholders unanimously voted to set the number of directors at six. Each of Henry Lees-Buckley and Jason Dussault declined their respective nominations as a Director of the Company. The remaining management recommendations for directors, namely, Jonathan Wearing, Joseph Colliver, Angus Kerr, and Mark Blower, accepted their respective nominations as Directors of the Company. There were two nominations for directors from the floor, namely, Geremy Thomas and George Thomas. The Company held a ballot for the election of the directors, and the percentage of votes cast for each director are as follows:

Jonathan Wearing - 99.99%

Joseph Colliver - 99.91%

Angus Kerr - 99.96%

Mark Blower - 98.84%

George Thomas - 100%

Geremy Thomas - 100%

In addition, the Company is pleased to announce that RSM Canada has been appointed as auditors of the Company for the upcoming year. A majority of the shareholders voted against the resolution to approve the Company's stock option plan.

The Company is pleased to announce that pursuant to the reverse takeover of Stillcanna Inc., the fiscal year-end of the Company has changed to December 31, which is reflected in the Company's Notice of Change of Corporate Structure filing under the Company's profile on The change of the Company's year-end is expected unlock synergies amongst the vertically integrated operating subsidiaries of the Company and is intended to lead to cost savings going forward.

The Directors of the Company accept responsibility for the contents of this announcement. Further information regarding the Company, including the AGM information circular, can be found at

Further information on Geremy Howard Prance Thomas:

Geremy Thomas currently has an interest of 78,406,380 common shares in the Company, representing 25.9 % of the Company's issued share capital. Geremy owns 12,464,890 options exercisable at C$ 0.02509 per share.

Current Directorships

Previous Directorships

Carbon Managers Limited

Sativa Group Plc

Low Carbon Leasing Ltd

George Botanicals Ltd

Phytovista Laboratories Ltd

Goodbody Botanicals Ltd

Sativa Foundation

Tessellate Collective Ltd

Goodbody & Blunt Limited

Goodbody Wellness Ltd

Sativa Research and Development Ltd

Sativa Wellness Ltd

Sativa Cultivation and Extraction Ltd

Geremy is an entrepreneur with a successful track record in the telecommunication, e-learning and consumer finance industries. Geremy co-founded The Carphone Group Plc in the late 1980's before selling it to Cable & Wireless. He then went on to create and list PNC Telecom Plc. In 2001 Geremy co-founded TMTI Ltd. TMTI Ltd is a profitable technical support business which works with major brands in enhancing the customer experience. Geremy founded George Banco ltd in 2013, a consumer finance business, which was later sold to Non Standard Finance Plc. Geremy's other business interests include Carbon Managers Ltd, an environmental services consultancy company. More recently, Geremy founded the Sativa Group.

Further information on George Thomas:

George Thomas currently has an interest of 6,198,795 common shares in the Company, representing 2.0% of the Company's issued share capital. George owns 670,140 options exercisable at C$ 0.11973 per share.

Current Directorships

Previous Directorships

Tessellate Collective Ltd

George Banco Ltd

Goodbody Botanicals Ltd

Phytovista Laboratories Ltd

George Botanicals ltd

Carbon Managers Ltd

George is a successful entrepreneur who has established an eclectic mix of businesses across an array of industries, including Tech, Finance, Environmental and Wellness. George was a founding director and board member of George Banco Ltd, a consumer finance business, which was later sold to Non-Standard Finance Plc. He is the managing Director of Goodbody Botanicals Ltd, the main operating subsidiary of the Sativa Wellness Group through which he has successfully introduced a range of wellness products and services.

On behalf of the Board of Directors,

Jonathan Wearing

Chairman of the Board of Directors

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

Joseph Colliver

Chief Financial Officer

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" "plan is" or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur", "will be achieved" or "shortly"..

Although Sativa Wellness believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that any cost synergies will be realized, overhead costs will be reduced or that the new Directors will be approved by the Exchange. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this press release, and Sativa does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

SOURCE: Sativa Wellness Group Inc.

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