Cronos Group Inc. Announces Results of 2021 Annual Meeting of Shareholders
June 25 2021 - 4:05PM
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group”
or the “Company”) announces that at its Annual Meeting of
Shareholders held earlier today (the “Meeting”) there were 430
shareholders voting in person or by proxy holding in total
280,023,803 common shares of the Company, representing 75.35% of
the total number of common shares of the Company outstanding.
Each of the directors listed as a nominee in the
Company’s proxy statement dated April 27, 2021 (the “Proxy
Statement”) was elected as a director of the Company, with each
director receiving in excess of 94.38% of the votes cast in favor
of his or her election. The detailed results of the vote for the
election of directors are as follows:
Name of Director |
Number of SharesVoted For |
Percentage of SharesVoted For |
Number of SharesWithheld fromVoting |
Percentage of SharesWithheld fromVoting |
Jason Adler |
213,738,627 |
97.23% |
6,089,643 |
2.77% |
Kendrick Ashton, Jr. |
218,960,256 |
99.61% |
868,014 |
0.39% |
Jody Begley |
207,466,084 |
94.38% |
12,362,186 |
5.62% |
Murray Garnick |
216,385,072 |
98.43% |
3,443,199 |
1.57% |
Michael Gorenstein |
210,947,245 |
95.96% |
8,881,025 |
4.04% |
Heather Newman |
207,529,001 |
94.41% |
12,299,269 |
5.59% |
James Rudyk |
213,776,435 |
97.25% |
6,051,836 |
2.75% |
Shareholders also approved an advisory
(non-binding) resolution on the compensation of the Company’s named
executive officers, with 93.64% of votes cast in favor of such
resolution, and approved the re-appointment of KPMG LLP as the
Company’s independent auditors.
For complete results on all matters voted on at
the Meeting, please see the Report of Voting Results filed on the
Company’s SEDAR profile at www.sedar.com and the Company’s Form 8-K
filed on EDGAR at www.sec.gov/edgar.
About Cronos GroupCronos Group
is an innovative global cannabinoid company with international
production and distribution across five continents. Cronos Group is
committed to building disruptive intellectual property by advancing
cannabis research, technology and product development. With a
passion to responsibly elevate the consumer experience, Cronos
Group is building an iconic brand portfolio. Cronos Group’s
portfolio includes PEACE NATURALS™, a global wellness platform, two
adult-use brands, COVE™ and Spinach™, and three hemp-derived CBD
brands, Lord Jones™, Happy Dance™ and PEACE+™. For more information
about Cronos Group and its brands, please visit:
www.thecronosgroup.com.
Forward-looking StatementsThis
press release may contain information that may constitute
“forward-looking information” or “forward-looking statements”
within the meaning of applicable Canadian and U.S. securities laws
(collectively, “Forward-looking Statements”). All information
contained herein that is not clearly historical in nature may
constitute Forward-looking Statements. In some cases,
Forward-looking Statements can be identified by the use of
forward-looking terminology such as “may”, “will”, “expect”,
“plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe”
or the negative of these terms, or other similar expressions
intended to identify Forward-looking Statements. Some of the
Forward-looking Statements contained in this press release include
the Company's intention to build an international iconic brand
portfolio and develop disruptive intellectual property.
Forward‐looking Statements are not guarantees of future performance
and are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and
competitive risks, financial results and results, performance or
achievements expressed or implied by those Forward‐looking
Statements. A discussion of some of the material risks
applicable to the Company can be found in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2020 and
the Company’s Quarterly Report on Form 10-Q for the period ended
March 31, 2021, both of which have been filed on SEDAR and EDGAR
and can be accessed
at www.sedar.com and www.sec.gov/edgar,
respectively. Any Forward‐looking Statement included in this
press release is made as of the date of this press release and,
except as required by law, Cronos Group disclaims any
obligation to update or revise any Forward‐ looking
Statement. Readers are cautioned not to put undue reliance on
any Forward‐looking Statement.
Cronos Group ContactShayne
LaidlawTel: (416) 504-0004investor.relations@thecronosgroup.com
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