Full Press Release Details
NOTICE OF RESOLUTION IN LIEU OF MEETING
GIVEN that, on June 23, 2022, pursuant to Section 104(1)(c) of the Business Corporations Act (Ontario),
the holders of at least a majority of the common shares of Akanda Corp. (the "Corporation") passed an ordinary resolution
(the "Written Resolution") replacing the board of directors of the Corporation (the "Board"). A copy
of the full text of the Written Resolution is attached to this Notice as Schedule "A".
Description of the Written Resolution
Pursuant to the Written Resolution, the Board
was replaced with the nominees of the shareholders signing the Written Resolution. Following the Written Resolution, the Board consists
of: Tejinder Virk, Harvinder Singh, Mohsen Rahimi, Jatinder Dhaliwal and Katharyn Field.
Reasons for the Written Resolution
The shareholders signing the Written Resolution
elected to pass the Written Resolution in lieu of a shareholder meeting to replace the Board with immediate effect.
Toronto, Ontario, Canada as of June 30, 2022.
| BY ORDER OF THE BOARD OF DIRECTORS | |
| (signed) "Tejinder Virk" | |
| Tejinder Virk, Chief Executive Officer |
RESOLUTION OF THE SHAREHOLDERS OF AKANDA CORP.
Passed as a written resolution of the shareholders pursuant to section
104(1)(c) of the Business Corporation Act (Ontario) (the "Act") dated as of June 23, 2022.
APPOINTMENT AND REMOVAL OF DIRECTORS