HEXO Corp. announces results of annual general meeting
January 17 2019 - 6:30AM
HEXO Corp. (“HEXO” or the “Company”) (TSX:HEXO) is pleased to
announce the results of its annual general meeting of shareholders
held on January 16, 2019. All items put forth at the meeting were
approved, including the appointment of MNP LLP as auditor of the
Company for the ensuing year, and the re-election of Nathalie
Bourque, Vincent Chiara, Jason Ewart, Adam Miron, Dr. Michael
Munzar and Sébastien St-Louis as directors of the Company, all with
a majority of the votes cast, to hold office until the next annual
meeting of shareholders or until their successors are elected or
appointed. Results of the vote for the election of directors at the
meeting are set out below:
Nominee |
TotalVotes Cast |
Votes For |
% |
Votes Withheld |
% |
Nathalie Bourque |
28,303,681 |
28,086,900 |
99.2 |
216,781 |
0.8 |
Vincent Chiara |
28,303,681 |
27,807,783 |
98.2 |
495,898 |
1.8 |
Jason Ewart |
28,303,681 |
28,097,184 |
99.3 |
206,497 |
0.7 |
Adam Miron |
28,303,681 |
28,137,455 |
99.4 |
166,226 |
0.6 |
Dr. Michael Munzar |
28,303,681 |
27,980,620 |
98.9 |
323,061 |
1.1 |
Sébastien St-Louis |
28,303,681 |
27,924,812 |
99.4 |
378,869 |
0.6 |
A “Report of Voting Results” for the meeting will be available
under the Company’s profile on SEDAR.
At the meeting, HEXO Corp. CEO Sebastien St-Louis announced that
he was working on a CFO transition plan with the Company’s current
CFO, Ed Chaplin. As HEXO Corp. turns its attention to the world,
the focus will be on individuals with global consumer packaged
goods company experience.
"Under Ed’s leadership, we built an exceptionally robust
financial function which has enabled us to hit key significant
milestones and to grow HEXO Corp. according to our vision. Ed was
instrumental in making our initial public offering a reality. On
our first day of trading, our company was valued at approximately
$127.9M. Today, we are valued at over $1.2B,” said Sebastien
St-Louis, CEO and co-founder of HEXO Corp. “Ed has been a valued
and trusted advisor throughout his time at HEXO and has worked
tirelessly to support me and the entire team during his tenure. I
want to take this opportunity to thank him for his dedication and
professionalism.”
As noted during the meeting, Mr. Chaplin plans to remain as
Chief Financial Officer until April 30, 2019 and will also be
available to offer support for six months following his departure
to enable a smooth transition period.
Following the meeting, the Audit Committee and Human Resource
and Corporate Governance Committee members were appointed to
consist of Nathalie Bourque, Vincent Chiara and Jason Ewart, all
independent directors.
About HEXO Corp.
HEXO Corp. is an award-winning consumer packaged goods cannabis
company that creates and distributes award-winning products to
serve the global cannabis market. Through our hub and spoke
business strategy, we are partnering with Fortune 500 companies,
bringing our brand value, cannabinoid isolation technology,
licensed infrastructure and regulatory expertise to established
companies, leveraging their distribution networks and capacity. As
one of the largest licensed cannabis companies in Canada, HEXO
Corp. operates with over 1.3 million sq. ft of facilities in
Ontario and Quebec and a foothold in Greece to establish a Eurozone
processing, production and distribution centre. We serve the
Canadian adult-use market under the HEXO brand while continuing to
provide our medical cannabis clients with consistent access to
Hydropothecary medical cannabis products. For more information
please visit hexocorp.com.
Forward-Looking Information
This press release may contain forward-looking information that
is based on certain assumptions and involves known and unknown
risks and uncertainties and other factors that could cause actual
events to differ materially from current assumptions and
expectations. These statements should not be read as guarantees of
future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by such statements. A more complete
discussion of the risks and uncertainties facing the Company
appears in the Company’s Annual Information Form and continuous
disclosure filings, which are available on SEDAR’s website at
www.sedar.com. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements as a result of new
information or future events, or for any other reason.
Investor Relations:Kathy
Chow1-866-438-8429invest@HEXO.com www.hexocorp.com
Media Relations:Sarah Brown(819)
317-0526media@hexo.com
DirectorAdam Miron819-639-5498
HEXO (TSX:HEXO)
Historical Stock Chart
From Mar 2024 to Apr 2024
HEXO (TSX:HEXO)
Historical Stock Chart
From Apr 2023 to Apr 2024