HEXO Corp announces results of its annual and special meeting of shareholders
December 14 2020 - 6:30AM
HEXO Corp. (“
HEXO” or the
“
Company”) (TSX:
HEXO; NYSE:HEXO) is pleased to announce the results of
its annual and special meeting of shareholders held
on December 11, 2020 by virtual webcast (the
“’
Meeting”).
All items put forth at the Meeting were
approved. The re-election of Vincent Chiara, Jason Ewart,
Emilio Imbriglio, Adam
Miron, Dr. Michael Munzar and Sébastien
St-Louis as directors of the Company, to hold office until the next
annual meeting of shareholders or until their successors are
elected or appointed, and the reappointment of
PricewaterhouseCoopers LLP as auditors of the Company for the
ensuing year, were approved at the Meeting, all with a
majority of the votes cast.
The consolidation of the outstanding common
shares of the Company (“Common Shares”) on the
basis of four (4) old Common Shares for one (1) new Common Share
proposed by the Company was also approved at the Meeting by special
resolution (the “Consolidation”). The
Consolidation remains subject to the approval of the Toronto Stock
Exchange and the New York Stock exchange. Assuming the receipt of
all approvals required for the Consolidation, it is expected the
Consolidation will be implemented in the near future. The Company
will announce further details with respect to the implementation of
the Consolidation once all required approvals have been
obtained.
Results of the vote for the election of directors at the Meeting
are set out below:
Nominee |
Total votes cast |
Votes for |
% |
Vincent Chiara |
86,410,420 |
80,620,953 |
93.30 |
Jason Ewart |
86,410,420 |
80,474,708 |
93.13 |
Emilio Imbriglio |
86,410,420 |
82,458,808 |
95.43 |
Adam Miron |
86,410,420 |
79,993,499 |
92.57 |
Dr. Michael Munzar |
86,410,420 |
82,392,001 |
95.35 |
Sebastien St-Louis |
86,410,420 |
80,038,067 |
92.63 |
A “Report of Voting Results” for the Meeting will be available
under the Company’s profile on SEDAR.
Following the meeting, the Audit Committee members were
appointed to consist of Jason Ewart, Michael Munzar, Vincent Chiara
and Emilio Imbriglio, while the Human Resource and Corporate
Governance Committee members were appointed to consist of Adam
Miron, Vincent Chiara and Jason Ewart.
About HEXO
HEXO Corp is an award-winning consumer packaged
goods cannabis company that creates and distributes innovative
products to serve the global cannabis market. The Company serves
the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis
and Original Stash brands, and the medical market under HEXO
medical cannabis. For more information please visit
hexocorp.com.
Forward Looking Statements
This press release contains forward-looking
information and forward-looking statements within the meaning of
applicable securities laws (“forward-looking statements”).
Forward-looking statements are based on certain expectations and
assumptions and are subject to known and unknown risks and
uncertainties and other factors that could cause actual events,
results, performance and achievements to differ materially from
those anticipated in these forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results. 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:invest@HEXO.comwww.hexocorp.com
Media Relations:(819)
317-0526media@hexo.com
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