Geyser Brands Announces AGM Results

/THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES , AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS./

VANCOUVER , Oct. 30, 2019 /CNW/ - Geyser Brands Inc. (formerly Kanzen Capital Corp.) (GYSR.V) ("Geyser Brands" or the "Company) reports that all resolutions were passed by the requisite majority at its Annual General Meeting ("AGM") held in Vancouver, B.C. , on October 30, 2019 .

Geyser Brands Inc. (CNW Group/Geyser Brands Inc.)

A total of 20,723,189 common shares were represented at the AGM, representing 67.95% of the votes attached to the 30,495,746 issued and outstanding shares as at the record date of September 25 , 2019. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and management information circular dated September 25, 2019 , were approved by the requisite majority of votes cast at the AGM.

Shareholders voted in favour of setting the numbers of directors at seven and the following nominees, Andreas Thatcher , Dr. Bin Huang, Aerock Fox, Bradley Kersch , Robert Trenaman , Frank Palmer and Timothy Murphy , listed in the management information circular, were elected as directors of Geyser Brands. Buckley Dodd LLP was re-appointed as the auditor of the Company for the ensuing year and shareholders approved the 10% rolling Stock Option Plan that was adopted on July 9, 2018 .

Following the annual general meeting, the board of directors appointed Carlo Valente to its  board and re-appointed Andreas Thatcher as CEO, Gordon Clissold as CFO, Bradley Kersch as Chairman and Jennifer Hanson as Corporate Secretary.

The Company announces that, pursuant to its stock option plan, it has granted stock options to certain directors, officers, and consultants of the Company to purchase an aggregate of up to 1,590,462 common shares in the capital of the Company at an exercise price of $0.41 per share, expiring on October 30, 2024 . Following this stock option grant, the Company has a total of 1,920,462 outstanding representing approximately 6.30% of the outstanding common shares of the Company on a fully diluted basis.  All option grants are subject to approval of the TSX Venture Exchange.

In addition, Geyser Brands has engaged 2686362 Ontario Corporation (DBA "CanaCom Group") to advise and support capital markets communications with both traditional and online initiatives targeting the investment community and the investing public. The agreement with CanaCom is for one year effective October 7, 2019 . The total remuneration payable to CanaCom will be $120 ,000  plus GST. In addition, CanaCom has been granted 300,000 stock options with an exercise price of $0.41 , expiring five years from the grant date. Aside from the grant of stock options, neither CanaCom, nor any of its principals, have an ownership interest, directly or indirectly, in the company or its securities. The agreement is subject to the approval of the TSX Venture Exchange.

About Geyser Brands

Geyser Brands Inc. develops consumer product brands in the health and wellness sector that use hemp and CBD as a value-added ingredient. These involve next-generation formulas that focus on the mix of cannabinoids for specific conditions such as insomnia, anxiety and pain. Proprietary delivery technologies include all natural nano-technology, slow-release mechanisms and non-molecule degrading baking processes. In anticipation of coming edibles legislation, and with its Health Canada approved Licensed Production Facility, Geyser Brands has 15,000 sqft in two GMP facilities in Vancouver for edibles.

For more information, visit Geyser Brands' website at www.geyserbrands.com.

On Behalf of the Board of Directors

" Andreas Thatcher "

____________________________________
Andreas Thatcher
Director and CEO
andreas@geyserinc.ca 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. Forwardlooking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forwardlooking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information relating to Geyser is available at www.sedar.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Geyser Brands Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/30/c8481.html