The Toronto-based cannabis company confirmed that all proposals outlined in its May 26 information circular received the necessary majority support. Beyond the consolidation measure, attendees re-appointed Ernst & Young LLP as the firm's auditors for the 2026 fiscal year, granting the board discretion to finalize their remuneration.
In section Releases
Auxly Shareholders Approve Share Consolidation Plan
With just under 20% of outstanding common shares represented at the annual meeting on June 30, Auxly Cannabis Group investors have cleared the path for a significant corporate restructuring. Shareholders voted to grant the board authority to consolidate common shares at a ratio of up to twenty-to-one.
The meeting also finalized the board's composition. Nominees Genevieve Young, Hugo Alves, Troy Grant, Vikram Bawa, and Conrad Tate were all re-elected to their positions. Support for the candidates remained consistently high, with approval ratings ranging from 95.93% for Young to 97.58% for CEO Hugo Alves. Full documentation regarding the voting breakdown has been filed on SEDAR+ for public review.
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