Flora Growth Announces Results of Annual Meeting of Shareholders; Appointment of Brandon Konigsberg to Board of Directors
06 July 2022 - 9:05PM
Business Wire
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a
leading all-outdoor cultivator, manufacturer and distributor of
global cannabis products and brands, announced today that at the
Company’s annual meeting of shareholders held on July 5, 2022, the
Company’s shareholders voted in favor of all of the proposals
submitted for their approval. The four proposals that were approved
included (i) the election of seven members to the Company’s Board
of Directors (the “Board”), (ii) the re-appointment of Davidson
& Company LLP as the Company’s auditors, (iii) the approval of
the Company’s 2022 Incentive Compensation Plan and (iv) the
approval of new bylaw 1-A. For the complete voting results with
respect to each of the proposals set forth above, reference is made
to the Company’s Report on Form 6-K, filed with the Securities
Exchange Commission on July 6, 2022.
In addition to the re-election of the Company’s six incumbent
directors, the Company’s shareholders also elected Brandon
Konigsberg to serve on the Board. In addition to his duties as a
Board member, Konigsberg will serve as Chair of the Audit Committee
and as a member of the Compensation Committee.
“The addition of Mr. Konigsberg to our Board is further
testament to our ongoing commitment to fiscal discipline and sound
governance. He brings with him exceptional experience in the fields
of finance and operations and will assist in helping our
organization achieve rapid financial growth and maximize our
shareholder value,” said Luis Merchan, Flora’s Chairman and CEO.
“We are pleased to welcome Mr. Konigsberg as a valued member of our
team and look forward to his contributions.”
Konigsberg is a seasoned leader in finance and will focus on
Flora’s key growth drivers to advance the Company’s global
expansion. Konigsberg is a former executive of JP Morgan Chase
(“JPMC”), and has held various leadership roles, serving as CFO and
COO for various growing and turnaround business units. After 24
years at JPMC, Konigsberg retired to focus full-time on consulting,
advising and entrepreneurial endeavors. He is currently the
President and CFO of Fynn, an education financing company he joined
as a consultant in 2021. Konigsberg also holds various board
director, chair and audit committee memberships including Chicago
Atlantic Real Estate Finance, Inc., a specialty mortgage REIT
focused on lending to cannabis companies since its IPO in 2021.
“I am excited to be joining Flora’s Board of Directors and look
forward to assisting the management team as the Company continues
to make progress on its strategic financial plans,” Konigsberg
said. “As an executive and entrepreneur operating for many years in
finance and treasury, I look forward to taking on challenges and
opportunities that lie ahead for our Board and the Flora
organization.”
About Flora Growth Corp.
Flora is building a connected, design-led collective of
plant-based wellness and lifestyle brands delivering the most
compelling customer experiences in the world, one community at a
time. As the operator of one of the most extensive outdoor cannabis
cultivation facilities, Flora leverages natural, cost-effective
cultivation practices to supply cannabis derivatives to its
commercial, house of brands, and life sciences divisions. Visit
www.floragrowth.com or follow @floragrowthcorp on social media for
more information.
Forward-Looking Statements
This press release contains ‘‘forward-looking statements,’’ as
defined by federal securities laws. Forward-looking statements
reflect Flora’s current expectations and projections about future
events at the time, and thus involve uncertainty and risk. The
words “believe,” “expect,” “anticipate,” “will,” “could,” “would,”
“should,” “may,” “plan,” “estimate,” “intend,” “predict,”
“potential,” “continue,” and the negatives of these words and other
similar expressions generally identify forward looking statements.
Such forward-looking statements are subject to various risks and
uncertainties, including those described under the section entitled
“Risk Factors” in Flora’s Annual Report on Form 20-F filed with the
SEC on May 9, 2022, as such factors may be updated from time to
time in Flora’s periodic filings with the SEC, which are accessible
on the SEC’s website at www.sec.gov. Accordingly, there are or will
be important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this release and in Flora’s filings with the SEC. While
forward-looking statements reflect Flora’s good faith beliefs, they
are not guarantees of future performance. Flora disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
new information, data or methods, future events or other changes
after the date of this press release, except as required by
applicable law. You should not place undue reliance on any
forward-looking statements, which are based only on information
currently available to Flora (or to third parties making the
forward-looking statements).
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version on businesswire.com: https://www.businesswire.com/news/home/20220706005276/en/
Investor Relations: James Williams ir@floragrowth.com
Public Relations: Cassandra Dowell +1 (858) 221-8001
flora@cmwmedia.com
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