Announcement • Jan 29
Genifi Announces Plan to Dissolve the Company genifi inc. announced that its Board of Directors has determined, after careful consideration of potential alternatives, that it is in the best interests of the Company and its shareholders to dissolve the Company and distribute out its assets (the "Dissolution"). Notwithstanding the foregoing, until such time as shareholder approval for the Dissolution is received, the Company will continue to evaluate other opportunities that have the potential of providing a return to its shareholders. The Board has called a special meeting of shareholders to be held on March 21, 2025 (the "Meeting"), at which time the shareholders will vote on a special resolution regarding the voluntary dissolution of the Company in accordance with the Canada Business Corporations Act. Shareholder approval for the Dissolution will be sought and must be approved by a special resolution of at least 66 2/3% of the votes cast by shareholders present in person or by proxy at the Meeting. Upon receipt of required shareholder approvals and any required regulatory approvals, it is expected that the Company will proceed with the wind up of its business and affairs and the Company will be dissolved in accordance with the Canada Business Corporations Act. The common shares of the Company are currently listed on the TSX Venture Exchange and the Company is a reporting issuer in the provinces of Ontario, Alberta, British Columbia and Saskatchewan. If the requisite shareholder approval is received, it is expected that the Company will take the appropriate steps to voluntarily delist from the TSXV and following the Dissolution will submit the certificate of dissolution to the applicable securities commissions causing it to cease to be a reporting issuer. Reported Earnings • Nov 21
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$200.2k (down 64% from 3Q 2023). Net loss: CA$310.4k (loss narrowed 19% from 3Q 2023). 
