Cronos Group Inc. Announces Results of 2022 Annual Meeting of Shareholders
June 24 2022 - 4:05PM
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the
“Company”) announces that at its Annual Meeting of
Shareholders held on June 23, 2022 (the “Meeting”) shareholders
voting in person or by proxy held in total 265,763,587 common
shares of the Company, representing 70.76% 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 29, 2022 (the “Proxy Statement”) was elected
as a director of the Company, with each director receiving in
excess of 91.6% 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 |
191,194,336 |
92.14% |
16,307,599 |
7.85% |
Kendrick Ashton, Jr. |
205,094,214 |
98.83% |
2,407,721 |
1.16% |
Jody Begley |
193,224,325 |
93.11% |
14,277,610 |
6.88% |
Murray Garnick |
193,608,672 |
93.30% |
13,893,263 |
6.69% |
Michael Gorenstein |
195,779,852 |
94.35% |
11,722,083 |
5.64% |
Heather Newman |
193,681,397 |
93.33% |
13,820,538 |
6.66% |
James Rudyk |
190,147,187 |
91.63% |
17,354,748 |
8.36% |
Shareholders also approved an advisory (non-binding) resolution
on the compensation of the Company’s named executive officers, with
95.02% 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 Cronos is an innovative global
cannabinoid company committed to building disruptive intellectual
property by advancing cannabis research, technology and product
development. With a passion to responsibly elevate the consumer
experience, Cronos is building an iconic brand portfolio. Cronos’
diverse international brand portfolio includes Spinach®, PEACE
NATURALS®, Lord Jones®, Happy Dance® and PEACE+™. For more
information about Cronos and its brands, please visit:
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
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, results, performance or achievements expressed or implied
by those Forward-looking Statements and the Forward-looking
Statements are not guarantees of future performance. 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, 2021 and Quarterly Report on Form 10-Q for the
period ended March 31, 2022, 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 ContactShayne LaidlawTel: (416)
504-0004investor.relations@thecronosgroup.com
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