CNBX Pharmaceuticals Inc (CNBX)

[Trooth]

So a proxy just showed up, wow ok. Someone that knows more please chime in.

In first one they want a name change, but the second one is scary:

the authorization of the Company’s Board of Directors (the “Board” or the “Board of Directors”) to effect a reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in connection with a potential listing on a national stock exchange in a ratio to be determined by the Board based on market conditions and the Company’s trading price at the time of such reverse split in the range of 1:40 to 1:120 at any time prior to February [ ], 2023, whereby every 40-120 (such number of shares, the “Split Denominator”) shares of the authorized, issued and outstanding Common Stock shall be combined into one (1) share of authorized, issued and outstanding Common Stock (the “Reverse Stock Split”); and

3. an amendment to the Company’s Amended and Restated Articles of Incorporation to decrease the number of authorized shares of preferred stock of the Company, par value $0.0001 per share (the “Preferred Stock”), from 100,000,000 to 5,000,000 (the “Preferred Share Decrease”).