HempFusion Wellness Inc. Announces 2021 AGM Voting Results

Rhea-AI Summary

HempFusion Wellness has announced the results from its virtual Annual General Meeting held on May 14, 2021. All proposals presented to shareholders were approved, including the election of all director nominees. Notably, director Jason Mitchell received 81.20% support, while Ian Dequeiroz secured 81.19%. Shareholders also appointed MNP LLP as the company's auditor for the upcoming year. A total of 26,247,492 Common Shares were represented at the meeting, accounting for 22.37% of the total issued shares.

HempFusion Wellness Inc. (TSX:CBD.U) (US:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness consumer packaged goods Company, is pleased to announce the voting results from its Annual General Meeting of holders (“Shareholders”) of common shares (“Common Shares”) the Company held Friday, May 14, 2021 in a virtual-only format (the “Meeting”).

All the matters put forward before Shareholders for consideration and approval as set out in the Company’s management information circular dated April 7, 2021 (the “Circular”) were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees as follows:

			Votes in Favour			Votes Withheld			% of Votes Cast in Favour (rounded)
Jason Mitchell			21,035,729			4,869,944			81.20%
Ian Dequeiroz			21,031,598			4,874,075			81.19%
G. Scott Greenburg			21,036,498			4,869,175			81.20%
Nick Grafton			20,969,966			4,935,707			80.95%
Merrick Andlinger			25,901,338			4,335			99.98%
David Doherty			25,577,442			328,231			98.73%
Gordon Fox			25,835,206			70,467			99.73%
Desmond Balakrishnan			20,710,133			5,195,540			79.94%

Shareholders also approved the appointment of MNP LLP as auditor of the Company for the ensuing year.

The total number of Common Shares represented by Shareholders in person or by proxy at the Meeting was 26,247,492 Common Shares, representing 22.37% of the total issued and outstanding Common Shares. Detailed voting results are available under the Company’s profile on SEDAR at www.sedar.com.

ABOUT HEMPFUSION

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs including tinctures, proprietary FDA Drug Listed Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex™ and are available in-store or by visiting HempFusion online at www.hempfusion.com or www.probulin.com.

Follow HempFusion on Twitter, Facebook and Instagram and Probulin on Twitter, Facebook and Instagram.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210517005497/en/

FAQ

What were the voting results for HempFusion's Annual General Meeting on May 14, 2021?

All proposals, including the election of director nominees, were approved at HempFusion's AGM on May 14, 2021.

Who was elected as directors during HempFusion's AGM?

Directors elected during HempFusion's AGM included Jason Mitchell, Ian Dequeiroz, G. Scott Greenburg, and others, with majority votes above 80%.

What percentage of shares were represented at the HempFusion AGM?

At the HempFusion AGM, 26,247,492 Common Shares were represented, which is 22.37% of the total issued shares.

Who was appointed as the auditor for HempFusion?

MNP LLP was appointed as the auditor for HempFusion for the upcoming year during the AGM.