Mr. Terry Booth
AURORA ANNOUNCES 2017 AGM VOTING RESULTS
Aurora Cannabis Inc. has released the voting results from its annual general and special meeting of shareholders, held in Edmonton, Alta., on Nov. 13, 2017. The total number of shares represented by shareholders present in person and by proxy at the meeting was 88,726,591 million representing 23.86 per cent of Aurora's issued and outstanding common shares.
All of the matters put forward before shareholders for consideration and approval as set out in the company's management information circular dated Oct. 6, 2017, were approved by the requisite majority of votes cast at the meeting. The details of the voting results for the election of directors are set out below:
Nominee Votes for Votes for % Votes withheld Votes withheld %
Michael Singer 44,975,439 92.61% 3,591,454 7.39%
Terry Booth 45,135,102 92.93% 3,431,791 7.07%
Steve Dobler 44,397,421 91.41% 4,169,472 8.59%
Dr. Jason Dyck 45,145,502 92.96% 3,421,391 7.04%
Adam Szweras 48,177,434 99.20% 389,459 0.80%
Joseph del Moral 45,070,158 92.80% 3,496,735 7.20%
Diane Jang 48,189,124 99.22% 377,769 0.78%
The shareholders also approved the: (i) reappointment of MNP LLP as auditor of the company for the ensuing year; (ii) non-binding advisory vote on the company's approach to executive compensation; (iii) company's fixed restricted share unit plan and RSU awards; and (iv) new form 10-per-cent rolling share option plan and the grant of all currently available and unallocated option entitlements.
The company has filed a report of voting results on all resolutions voted on at the meeting on SEDAR.
Aurora is pleased to welcome Ms. Jang to its board of directors. Ms. Jang is the newly appointed chief executive officer of Hempco Food and Fiber, commencing in her new role in December, 2017. She is an experienced business executive, specializing in strategic planning for sustainable success, growth and profitability for companies. With over 27 years of business experience in the consumer packaged goods industry in premium foods and plant-based protein, she has a proven record in strategic planning, increasing profitability and leading companies to become market leaders in their industries. Previously, Ms. Jang led successful companies as president at Sunrise Soya Foods and general manager at Earth's Own Food Co Inc., and also serves as a director of Big Sisters of B.C. Lower Mainland. Ms. Jang holds a bachelor of business administration from Simon Fraser University.
"We are very pleased with the election of Diane to our board," said Terry Booth, CEO. "She brings a wealth of leadership experience in consumer packaged goods, having successfully led companies to become leaders in their respective industry sectors. This is a strength that we will leverage in executing our strategy in regard the commencement of sales of cannabis for adult recreational use. We look forward to working closely with Diane."
Ms. Jang added, "Serving on the board of Aurora, a globally dominant cannabis company, in such an exciting sector with such great potential, is a fantastic opportunity, and I look forward to contributing towards the further growth of the company."
The company granted stock options to certain directors and officers to purchase 640,000 common shares under the company's share option plan. The options are exercisable at a price of $4.64 per share, vest evenly every quarter over three years commencing Nov. 13, 2017, and expire five years from the date of grant.
Aurora's wholly owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The company operates a 55,200-square-foot, state-of-the-art production facility in Mountain View county, Alberta, known as Aurora Mountain, a second 40,000-square-foot high-technology production facility known as Aurora Vie in Pointe-Claire, Que., on Montreal's West Island, and is currently constructing an 800,000-square-foot production facility, known as Aurora Sky, at the Edmonton International Airport.
In addition, the company holds approximately 9.6 per cent of the issued shares (12.9 per cent on a fully diluted basis) in leading extraction technology company Radient Technologies, based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1 per cent. Furthermore, Aurora is the cornerstone investor with a 19.9-per-cent stake in Cann Group Ltd., the first Australian company licensed to conduct research on and cultivate medical cannabis.
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