TORONTO, July 2, 2024
/CNW/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB:
CBWTF) ("Auxly" or the "Company") announced
today the voting results from its annual general and special
meeting of shareholders held on June 28,
2024 (the "Meeting").
A total of 407,827,269 common shares of the Company,
representing 32.55% of the issued and outstanding common shares of
the Company, were voted in connection with the Meeting by
shareholders and proxy holders.
All of the matters put forward before the Company's shareholders
for consideration and approval, as set out in the Company's
information circular dated May 23,
2024 (the "Circular"), were approved by the requisite
majority of the votes cast at the Meeting. The results are set out
below.
It was resolved, with the consent of the Board of Directors, to
remove the Share Consolidation Resolution (as defined in the
Circular) from the agenda of the Meeting.
Each of the directors listed as a nominee in the Circular was
elected as a director of the Company at the Meeting. The detailed
results of the vote for the election of directors held at the
Meeting are set out below:
|
Name of
Nominee
|
Votes cast
FOR
|
% of votes cast
FOR
|
Votes
WITHHELD
|
% of votes
WITHHELD
|
|
Genevieve Young
|
342,260,226
|
93.25 %
|
24,791,929
|
6.75 %
|
|
Hugo Alves
|
340,565,053
|
92.78 %
|
26,487,102
|
7.22 %
|
|
Troy Grant
|
344,254,507
|
93.79 %
|
22,797,648
|
6.21 %
|
|
Vikram Bawa
|
342,821,336
|
93.40 %
|
24,230,819
|
6.60 %
|
|
Conrad Tate
|
344,441,355
|
93.84 %
|
22,610,800
|
6.16 %
|
At the Meeting, Auxly shareholders approved the re-appointment
of Ernst & Young LLP ("EY") as the Company's auditors
for the 2024 fiscal year and authorized the board of directors to
fix its remuneration.
The Re-Approval of the 2021 Equity Incentive Plan Resolution (as
defined in the Circular) was approved by the majority 86.21% of the
votes cast at the Meeting.
A report of voting results on all resolutions voted on at the
Meeting will be available on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
"Hugo Alves" CEO
About Auxly Cannabis Group Inc. (TSX: XLY)
Auxly is a leading Canadian consumer packaged goods company in
the cannabis products market, headquartered in Toronto, Canada. Our mission is to help
consumers live happier lives through quality cannabis products that
they trust and love.
Our vision is to be a global leader quality cannabis
products.
Learn more at www.auxly.com and stay up to date at Twitter:
@AuxlyGroup; Instagram: @auxlygroup; Facebook: @auxlygroup;
LinkedIn: company/auxlygroup/.
Neither Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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SOURCE Auxly Cannabis Group Inc.