Apollo Technology Capital Corporation Urges MediPharm Shareholders to Vote for Change at Annual Meeting
TORONTO, ON, May 8, 2025 – Apollo Technology Capital Corporation (“Apollo”), one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ), today filed a dissident information proxy circular in connection with its intention to nominate six highly qualified director candidates to MediPharm’s Board of Directors at the Company’s upcoming 2025 Annual and Special Meeting of Shareholders.
MediPharm Board’s Incompetence Leads to Massive Stock Collapse
During this significant share price decline, MediPharm’s Board, led by Chairman Chris Taves, failed to articulate or execute any credible strategy to drive value. The Company has been burning through cash by making ill-advised dilutive investments that have led to over $54 million in operating losses over the last three years.
Apollo’s Nominees Bring Significant Experience
Apollo’s highly qualified directors bring significant turnaround, M&A, and operational experience in cannabis and adjacent industries. The nominees include:
- John Fowler, President, Muskoka Grown; Founder and Former CEO, The Supreme Cannabis Company, Inc.
- Alan D. Lewis, Co-Founder and CSO, The Aeon Group Inc.
- David Lontini, Board Director, Check-Cap Ltd. (NASDAQ: CHEK); Chairman, Paragon Technologies; President, Londa Corp.
- Demetrios Mallios, Founder and CEO, The Aeon Group, Inc.
- Regan McGee, Chairman and CEO, Apollo Technology Capital Corporation and Nobul Technologies Inc.
- Scott Walters, Principal, Blaise Ventures Inc.; CEO, Big Gold Inc.; CEO, BIG Concentrates Co.
MediPharm shareholders are urged to read the Circular carefully because it contains important information. Investors and shareholders can obtain free copies of the Circular and other relevant documents under MediPharm’s profile on SEDAR+ or by contacting Apollo’s proxy solicitor, Carson Proxy Advisors Ltd.
Contacts
For Shareholders: Carson Proxy North American Toll-Free Phone: 1-800-530-5189 Local or Text Message: 416-751-2066 (collect calls accepted) E: [email protected]
For Media: Nathaniel Garnick/Mark Semer/Grace Cartwright Gasthalter & Co. +1 (212) 257-4170 [email protected]
