Organigram Holdings Inc. Announces Election of Directors
February 23 2022 - 07:30PM
Business Wire
BAT’s Simon Ashton Appointed to the Board of
Directors
Organigram Holdings Inc. (“Organigram” or the
“Corporation”) (TSX: OGI) (NASDAQ: OGI) announced today the
results of voting at its annual meeting of shareholders held on
February 23, 2022 (the “Meeting”).
Each of the eight nominees listed in the Corporation’s
management information circular dated January 18, 2022 (the
“Circular”) provided in connection with the Meeting was
elected as a director of Organigram at the Meeting. Organigram
received proxies and virtual votes at the Meeting as set out
below:
Nominee
Votes For
% of Votes For
Votes Withheld
% of Votes Withheld
Peter Amirault
97,169,054
99.183%
800,118
0.817%
Beena Goldenberg
97,174,685
99.189%
794,488
0.811%
Dexter John
91,691,003
93.592%
6,278,169
6.408%
Geoffrey Machum
91,362,180
93.256%
6,606,993
6.744%
Ken Manget
91,010,854
92.897%
6,958,318
7.103%
Sherry Porter
96,601,915
98.604%
1,367,257
1.396%
Stephen Smith
91,070,473
92.958%
6,898,699
7.042%
Marni Wieshofer
92,112,587
94.022%
5,856,585
5.978%
The biographies of the Corporation’s directors are set out in
the Circular, which is available under the Corporation’s profile on
SEDAR at www.sedar.com.
BAT Nominee Appointment
Organigram is also pleased to announce that BAT has designated
Mr. Simon Ashton as a nominee to Organigram’s board of directors
(the “Board”). Mr. Ashton has extensive expertise in finance
and business leadership and is currently Group Head of New
Categories and Combustibles Finance at BAT. Throughout his nearly
30-year career with BAT, Mr. Ashton has led various Finance teams
across Europe, Asia, the Middle East and Africa driving revenue
growth, leading business transformation initiatives and finding
innovative solutions to economic challenges. In addition, he also
spent time in M&A, Operations Finance, and Audit. Mr. Ashton
was appointed by the newly constituted Board following the Meeting,
bringing the Company’s total number of directors to nine.
“We are thrilled to welcome Simon to our Board of Directors. His
deep expertise in finance, business transformation and leadership,
coupled with his extensive experience with BAT, will be a
tremendous asset to our Board,” said Peter Amirault, Board Chair,
Organigram.
Sustainability Committee
The Company also announced it has expanded the scope of its
Corporate Governance and Nominating Committee to include
Sustainability initiatives. The Corporate Governance, Nominating
and Sustainability Committee (the “Sustainability
Committee”) has enlarged its mandate to include advising and
making recommendations to the Board to assist the Board in its
oversight role with respect to the establishment and monitoring of
the Company’s environmental, health, safety, community relations,
human rights, security and other sustainability policies. The
Sustainability Committee is comprised of independent directors
Geoff Machum (Chair), Sherry Porter and Dexter John. “The addition
of sustainability initiatives to our formal mandate reflects our
appreciation for the increasing importance of these matters to the
Company and our stakeholders” said Geoff Machum, Chair of the
Sustainability Committee.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a NASDAQ Global Select Market and
TSX listed company whose wholly-owned subsidiaries include:
Organigram Inc. and Laurentian Organic Inc., licensed producers of
cannabis and cannabis-derived products in Canada, and The Edibles
and Infusions Corporation, a licensed manufacturer of
cannabis-infused soft chews in Canada.
Organigram is focused on producing high-quality, cannabis for
patients and adult recreational consumers, as well as developing
international business partnerships to extend the Company’s global
footprint. Organigram has also developed and acquired a portfolio
of legal adult-use recreational cannabis brands, including Edison,
Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant
Cannabis and Trailblazer. Organigram operates facilities in
Moncton, New Brunswick and Lac-Supérieur, Quebec, with a dedicated
edibles manufacturing facility in Winnipeg, Manitoba. The Company
is regulated by the Cannabis Act and the Cannabis Regulations
(Canada).
Forward-Looking Information
This news release contains forward-looking information. Often,
but not always, forward-looking information can be identified by
the use of words such as “plans”, “expects”, “estimates”,
“intends”, “anticipates”, “believes” or variations of such words
and phrases or state that certain actions, events, or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
results, events, performance or achievements of Organigram to
differ materially from current expectations or future results,
performance or achievements expressed or implied by the
forward-looking information contained in this news release. Risks,
uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information include
factors and risks as disclosed in the Company’s most recent annual
information form, management’s discussion and analysis and other
Company documents filed from time to time on SEDAR (see
www.sedar.com) and filed or furnished to the Securities and
Exchange Commission on EDGAR (see www.sec.gov). Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such
information and no assurance can be given that such events will
occur in the disclosed time frames or at all. The forward-looking
information included in this news release are made as of the date
of this news release and the Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220223006389/en/
For Investor Relations enquiries:
investors@organigram.ca
For Media enquiries: Megan McCrae, Senior Vice President
Marketing and Communications megan.mccrae@organigram.ca
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