All Items of Business Approved
Aurora Welcomes Diane Jang to Board
TSX: ACB
VANCOUVER, Nov. 14, 2017 /CNW/ - Aurora Cannabis Inc. (the
"Company" or "Aurora" or the "Issuer") (TSX: ACB) (OTCQX: ACBFF)
(Frankfurt: 21P; WKN: A1C4WM)
today announced the voting results from its Annual General and
Special Meeting of Shareholders (the "Meeting"), held in
Edmonton, Alberta, on November 13, 2017. The total number of shares
represented by shareholders present in person and by proxy at the
meeting was 88,726,591 million representing 23.86 per cent of
Aurora's issued and outstanding Common Shares.
All of the matters put forward before shareholders for
consideration and approval as set out in the Company's Management
Information Circular dated October 6, 2017, were approved by
the requisite majority of votes cast at the Meeting. The details of
the voting results for the election of directors are set out
below:
Nominee
|
# Votes
for
|
% Votes
for
|
# Votes
withheld
|
% Votes
withheld
|
Michael
Singer
|
44,975,439
|
92.61%
|
3,591,454
|
7.39%
|
Terry
Booth
|
45,135,102
|
92.93%
|
3,431,791
|
7.07%
|
Steve
Dobler
|
44,397,421
|
91.41%
|
4,169,472
|
8.59%
|
Dr. Jason
Dyck
|
45,145,502
|
92.96%
|
3,421,391
|
7.04%
|
Adam
Szweras
|
48,177,434
|
99.20%
|
389,459
|
0.80%
|
Joseph del
Moral
|
45,070,158
|
92.80%
|
3,496,735
|
7.20%
|
Diane Jang
|
48,189,124
|
99.22%
|
377,769
|
0.78%
|
The shareholders also approved the: (i) re-appointment of MNP
LLP as auditors of the Company for the ensuing year; (ii)
non-binding advisory vote on the Company's approach to executive
compensation; (iii) Company's Fixed Restricted Share Unit Plan
("RSU") and RSU awards; and (iv) new form 10% "Rolling" Share
Option Plan and the grant of all currently available and
unallocated option entitlements.
The Company has filed a report of voting results on all
resolutions voted on at the Meeting on www.sedar.com.
Diane Jang
Aurora is pleased to welcome Diane
Jang to its Board of Directors. Ms. Jang is the newly
appointed CEO of Hempco Food and Fiber, commencing in her new role
in December 2017. She is an
experienced business executive, specializing in strategic planning
for sustainable success, growth and profitability for companies.
With over 27 years of business experience in the Consumer Packaged
Goods industry in premium foods and plant-based protein, she has a
proven track record in strategic planning, increasing profitability
and leading companies to become market leaders in their industries.
Previously, Ms. Jang led successful companies as President at
Sunrise Soya Foods and General Manager at Earth's Own Food Co Inc.,
and also serves as a Director of Big Sisters of BC Lower Mainland.
Ms. Jang holds a Bachelor of Business Administration from
Simon Fraser University.
"We are very pleased with the election of Diane to our Board,"
said Terry Booth, CEO. "She brings a
wealth of leadership experience in Consumer Packaged Goods, having
successfully led companies to become leaders in their respective
industry sectors. This is a strength that we will leverage in
executing our strategy in regard the commencement of sales of
cannabis for adult recreational use. We look forward to working
closely with Diane."
Ms. Jang added, "Serving on the Board of Aurora, a globally
dominant cannabis company, in such an exciting sector with such
great potential, is a fantastic opportunity, and I look forward to
contributing towards the further growth of the Company."
Options grant
The Company granted stock options to certain directors and
officers to purchase 640,000 common shares under the Company's
Share Option Plan. The options are exercisable at a price of
$4.64 per share, vest evenly every
quarter over three years commencing November
13, 2017 and expire five years from the date of grant.
About Aurora
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises
Inc., is a licensed producer of medical cannabis pursuant to Health
Canada's Access to Cannabis for Medical Purposes Regulations
("ACMPR"). The Company operates a 55,200 square foot,
state-of-the-art production facility in Mountain View County,
Alberta, known as "Aurora
Mountain", a second 40,000 square foot high-technology production
facility known as "Aurora Vie" in Pointe-Claire, Quebec on Montreal's West Island, and is currently
constructing an 800,000 square foot production facility, known as
"Aurora Sky", at the Edmonton
International Airport.
In addition, the Company holds approximately 9.6% of the issued
shares (12.9% on a fully-diluted basis) in leading extraction
technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing
an investment in Edmonton-based
Hempco Food and Fiber for an ownership stake of up to 50.1%.
Furthermore, Aurora is the cornerstone investor with a 19.9% stake
in Cann Group Limited, the first Australian company licensed to
conduct research on and cultivate medical cannabis. Aurora also
owns Pedanios, a leading wholesale importer, exporter, and
distributor of medical cannabis in the European Union, based in
Germany. The Company offers
further differentiation through its acquisition of BC Northern
Lights Ltd. and Urban Cultivator Inc., industry leaders,
respectively, in the production and sale of proprietary systems for
the safe, efficient and high-yield indoor cultivation of cannabis,
and in state-of-the-art indoor gardening appliances for the
cultivation of organic microgreens, vegetables and herbs in home
and professional kitchens. Aurora's common shares trade on the TSX
under the symbol "ACB".
On behalf of the Board of Directors,
AURORA CANNABIS INC.
Terry Booth
CEO
This news release contains certain "forward-looking
statements" within the meaning of such statements under applicable
securities law. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Various assumptions were
used in drawing the conclusions or making the projections contained
in the forward-looking statements throughout this news release.
Forward-looking statements include, but are not limited to, the
successful completion of the Offering and the use of proceeds of
the Offering and the Company's intention to continue international
and domestic expansion. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
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 at
www.sedar.com.
Neither TSX nor its Regulation Services Provider (as that
term is defined in the policies of Toronto Stock Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Aurora Cannabis Inc.