1. Auxly Cannabis held its annual meeting on June 30, 2025. 2. 28.23% of shareholders participated in the meeting. 3. All proposed resolutions received majority approval from shareholders. 4. The board re-elected all nominee directors with over 99% support. 5. Ernst & Young LLP was re-appointed as auditors for 2025.
The overwhelming approval of directors and auditors indicates shareholder confidence, typically leading to positive market sentiment. Past instances show similar outcomes boost stock prices.
The successful leadership election and auditor re-appointment reflect stability and vision, potentially attracting more investments.
Shareholder support often translates into immediate positive market reactions, particularly in small-cap stocks like Auxly. Analyst upgrades frequently occur after such meetings.
Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company") announced today the voting results from its annual general and special meeting of shareholders held on June 30, 2025 (the "Meeting").
A total of 371,890,083 common shares of the Company, representing 28.23% of the issued and outstanding common shares of the Company, were voted in connection with the Meeting by shareholders and proxy holders.
All of the matters put forward before the Company's shareholders for consideration and approval, as set out in the Company's information circular dated May 27, 2025 (the "Circular"), were approved by the requisite majority of the votes cast at the Meeting. The results are set out below.
| Name of Nominee | Votes cast FOR | % of votes cast FOR | Votes WITHHELD | % of votes WITHHELD |
|---|---|---|---|---|
| Genevieve Young | 369,181,176 | 99.39 % | 2,275,549 | 0.61 % |
| Hugo Alves | 369,082,455 | 99.36 % | 2,374,271 | 0.64 % |
| Troy Grant | 369,333,945 | 99.43 % | 2,122,781 | 0.57 % |
| Vikram Bawa | 368,852,993 | 99.30 % | 2,603,733 | 0.70 % |
| Conrad Tate | 369,280,916 | 99.41 % | 2,175,810 | 0.59 % |
At the Meeting, Auxly shareholders approved the re-appointment of Ernst & Young LLP ("EY") as the Company's auditors for the 2025 fiscal year and authorized the board of directors to fix its remuneration.
A report of voting results on all resolutions voted on at the Meeting will be available on SEDAR at www.sedar.com.
To listen to a copy of the audio recording of the meeting, please click on the link below or visit the Company's website at www.auxly.com.
Audio Recording of the Meeting
"Hugo Alves" CEO
Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. Our mission is to help consumers live happier lives through quality cannabis products that they trust and love.
Our vision is to be a global leader in quality cannabis products.
Learn more at www.auxly.com and stay up to date at Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook: @auxlygroup; LinkedIn: company/auxlygroup.
Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Auxly Cannabis Group Inc.