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UNITE HERE Soliciting Proxies at Eldorado Resorts, Inc. Recommending Improved Corporate Governance

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NEW YORK–(BUSINESS WIRE)–UNITE HERE announced it is soliciting proxies from shareholders of
Eldorado Resorts, Inc. [NASDAQ: ERI] for a set of non-binding proposals
urging Eldorado to opt out of Nevada’s little-known anti-takeover
statutes.

UNITE HERE also announced the launch of www.BetterGovernanceAtEldorado.org,
a new website that provides access to its proxy statement and
information on its corporate governance proposals.

Eldorado has grown rapidly in the last five years through mergers of
public companies and acquisitions of casinos, according to UNITE HERE.
Although the merged-in public companies had been incorporated in
Delaware, Eldorado chooses to be incorporated in Nevada, which provides
a management takeover protection that does not exist under Delaware law.

UNITE HERE explained that by default, the little-known Nevada statutes
impose restrictions on the voting rights of large shareholders and
restrict combinations with large shareholders. These same statutes allow
corporations to opt out of the default anti-takeover provisions. UNITE
HERE’s proposals encourage Eldorado to opt out of Nevada’s anti-takeover
statutes, and to not adopt other takeover protections like a poison pill
or supermajority voting requirements if it does opt out.

“We believe fewer takeover protections are better for investors,
especially for a company like Eldorado which has grown substantially
through mergers,” says Jim Kane, CFA, Research Coordinator of UNITE
HERE. “We believe Nevada’s statutes might insulate management from
offers by potential acquirors, limiting shareholder value. They may also
advantage Eldorado’s Executive Chairman Gary Carano, given the Carano
family’s 14% ownership of the Company. Obtaining supermajority voting
thresholds may be more difficult with the Carano family’s inside
ownership,” he added.

As the gaming industry continues to experience a sustained level of
merger activity, UNITE HERE is encouraging shareholders to VOTE FOR
Proposals 5-9 on the BLUE proxy card. The Company’s and UNITE HERE’s
proposals are the same on both proxy cards.

About UNITE HERE

UNITE HERE’s members are beneficiaries of pension funds with over $60
billion in assets. UNITE HERE is a member of the Council of
Institutional Investors. UNITE HERE believes investors and employees
alike are better served by strong corporate governance practices.

A description of UNITE HERE and the Participants’ interests in this
proxy solicitation is contained in their Definitive Proxy Statement
(amended May 29, 2019). The Participants encourage shareholders to read
the Definitive Proxy Statement, accompanying BLUE proxy card, and other
proxy materials. Shareholders may obtain the Definitive Proxy Statement
and other relevant documents from the SEC’s website at www.sec.gov
or from www.proxyvote.com.

Contacts

UNITE HERE
Courtney Alexander, 631-834-4681
[email protected]

Jim Kane, CFA, CAIA
[email protected]


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Cannabis

Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III

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Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace

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humboldt-seed-company-partners-with-apollo-green-to-bring-california-cannabis-genetics-to-the-global-marketplace

Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia

SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.

The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.

Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.

“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”

Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”

About Humboldt Seed Company

Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.

For more information visit https://humboldtseedcompany.com/.

About Apollo Green

Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics. 

For more information visit https://apollogreen.com/.

Media contact
Jaana Prall
[email protected] 

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Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety

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