The Toronto-based cannabis company confirmed that all proposals outlined in its May 26 information circular received the necessary majority support. Beyond the consolidation measure, attendees re-appointed Ernst & Young LLP as the firm's auditors for the 2026 fiscal year, granting the board discretion to finalize their remuneration.
Auxly Shareholders Approve Share Consolidation Plan
With just under 20% of outstanding common shares represented at the annual meeting on June 30, Auxly Cannabis Group investors have cleared the path for a significant corporate restructuring. Shareholders voted to grant the board authority to consolidate common shares at a ratio of up to twenty-to-one.
The meeting also finalized the board's composition. Nominees Genevieve Young, Hugo Alves, Troy Grant, Vikram Bawa, and Conrad Tate were all re-elected to their positions. Support for the candidates remained consistently high, with approval ratings ranging from 95.93% for Young to 97.58% for CEO Hugo Alves. Full documentation regarding the voting breakdown has been filed on SEDAR+ for public review.
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