[PRESS RELEASE] – TORONTO, June 11, 2025 – MediPharm Labs Corp., a pharmaceutical corporate specialised in precision-based cannabinoids, introduced that the Awesome Courtroom of Justice – Ontario has absolutely brushed aside the appliance (CV-25-00743454-00CL) issued by means of Apollo Era Capital Corp. and Nobul Applied sciences Inc. (in combination, the “candidates”) towards the corporate on Would possibly 16, 2025.
The candidates sought an order from the court docket, among different issues, appointing a third-party impartial chair to preside over the yearly and particular assembly of shareholders of the corporate on June 16, 2025. The candidates argued that MediPharm has a “design or plan to invalidate proxies” and that the corporate had acted improperly warranting the appointment of a third-party impartial chair.
The court docket brushed aside the appliance in complete.
In doing so, the court docket discovered {that a} third-party impartial chair was once now not required within the instances as there was once no proof or indication that MediPharm’s proposed assembly chair would act unfairly on the assembly.
In regards to the habits of Apollo’s primary, Regan McGee, the court docket discovered:
“The proof displays that Mr. McGee has threatened to free up a draft press free up which, amongst different issues, in comparison [MediPharm CEO David] Pidduck to recognized serial killers. Press releases have additionally been issued by means of Mr. McGee or the candidates, which accuse MediPharm and the board of securities fraud, breach of fiduciary responsibility and operating a corrupt election procedure to entrench themselves. Mr. McGee has threatened to sue the board by means of a by-product motion for breach of fiduciary responsibility and related damages on account of the rejection of the $3.4 million be offering and has commenced a lawsuit towards MediPharm, two of its senior officials and administrators, in addition to the corporate’s exterior litigation company (Tyr LLP) and recommend (James Bunting) which claimed $50 million in damages. Mr. McGee, repeated the allegations set out within the lawsuit within the dissident round after which deserted and withdrew the declare towards Tyr LLP and Mr. Bunting, and agreed to phrases of agreement that incorporated a declaration by means of Mr. McGee that Tyr LLP and Mr. Bunting aren’t in a struggle of passion in performing for MediPharm, that that they had now not misused confidential data, that Mr. McGee would now not disparage Mr. Bunting or Tyr LLP and equipped a complete free up to Tyr LLP and Mr. Bunting.”
The corporate stays dedicated to an excellent shareholder assembly procedure, in compliance with its constating paperwork and all appropriate rules.
We inspire shareholders to thrill vote the usage of ONLY the GREEN proxy or GREEN vote casting instruction card and to reinforce each and every of the director nominees really useful by means of MediPharm’s Board of Administrators and the opposite issues being regarded as on the assembly. To verify your proxy is counted on the assembly, put up it smartly prematurely of the June 13 proxy cut-off.
Vote for the Extremely Certified MediPharm Nominees
MediPharm urges shareholders to vote best the usage of the GREEN proxy or GREEN vote casting instruction shape in reinforce of the entire corporate’s nominees and resolutions.
To verify your vote is counted, shareholders are inspired to proactively touch their dealer to procure their 16-digit keep an eye on quantity related to the GREEN control proxy. As soon as won, you’ll solid your vote by means of visiting www.medipharmlabsagm.com.
You might obtain fabrics or outreach from the dissident—please omit this kind of communications and vote best the usage of the GREEN proxy in reinforce of the corporate’s nominees.
