AUXLY ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Rhea-AI Summary

Auxly Cannabis Group Inc. (OTCQX: CBWTF) announced the results of its annual general meeting held on June 30, 2022. A total of 159,835,106 common shares, representing 17.85% of all shares, were voted. All proposals in the information circular dated May 20, 2022, were approved by shareholders. Elected directors included Genevieve Young (97.42% approval), Hugo Alves (97.45%), and Conrad Tate (98.07%). Additionally, Ernst & Young LLP was reappointed as auditors for the 2022 fiscal year. For detailed voting results, visit www.sedar.com.

Positive

• All matters voted on at the meeting were approved by shareholders.
• High percentage of votes in favor for elected directors, with Conrad Tate receiving 98.07% approval.

Negative

• None.

TORONTO, June 30, 2022 /PRNewswire/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") announced today the voting results from its annual general meeting of shareholders held on June 30, 2022 (the "Meeting").

A total of 159,835,106 common shares of the Company, representing 17.85% 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 20, 2022 (the "Circular"), were approved by the requisite majority of the votes cast at the Meeting. The results are set out below.

Each of the directors listed as a nominee in the Circular was elected as a director of the Company at the Meeting. The detailed results of the vote for the election of directors held at the Meeting are set out below:

Name of Nominee	Votes cast FOR	% of votes cast FOR	Votes WITHHELD	% of votes WITHHELD
Genevieve Young	155,640,017	97.42 %	4,124,869	2.58 %
Hugo Alves	155,691,547	97.45 %	4,073,339	2.55 %
Troy Grant	155,525,986	97.35 %	4,238,900	2.65 %
Vikram Bawa	155,487,377	97.32 %	4,277,509	2.68 %
Conrad Tate	156,678,769	98.07 %	3,086,117	1.93 %
Murray McGowan	155,631,456	97.41 %	4,133,430	2.59 %

At the Meeting, Auxly shareholders approved the re-appointment of Ernst & Young LLP ("EY") as the Company's auditors for the 2022 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.

ON BEHALF OF THE BOARD

"Hugo Alves" CEO

About Auxly Cannabis Group Inc. (TSX: XLY)

Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada. The Company's focus is on developing, manufacturing and distributing branded cannabis products that delight wellness and recreational consumers and deliver on its consumer promise of quality, safety and efficacy.

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.

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SOURCE Auxly Cannabis Group Inc.

FAQ

What were the voting results for Auxly Cannabis Group at the June 30, 2022, AGM?

Auxly Cannabis Group's AGM on June 30, 2022, saw all proposals approved, including the election of directors with high approval rates.

Who were elected as directors during Auxly's AGM on June 30, 2022?

Directors elected included Genevieve Young, Hugo Alves, Troy Grant, Vikram Bawa, Conrad Tate, and Murray McGowan.

What percentage of shares were voted at Auxly's AGM on June 30, 2022?

A total of 159,835,106 common shares were voted, representing 17.85% of the issued and outstanding shares.

Who was reappointed as auditors for Auxly Cannabis Group in 2022?

Ernst & Young LLP was reappointed as auditors for the 2022 fiscal year at Auxly's AGM.