August 14, 2024 4:01 PM EDT | Source: Flora Growth Corp.
Fort Lauderdale, Florida–(Newsfile Corp. – August 14, 2024) – Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) held its 2024 Annual and Special Meeting of Shareholders (the “Annual Meeting”). The final voting results of the proposals submitted to a vote of the Company’s shareholders at the Annual Meeting are as follows:
Proposal 1: Election of four directors to the Board of Directors of the Company (the “Board“) to hold office until the Company’s 2025 Annual Meeting of Shareholders or until their respective successors are elected or appointed:
Broker
Director
For
Against
Abstentions
Non-Votes
Clifford Starke
4,969,741
97,612
18,969
2,778,760
Kevin Taylor
4,931,118
129,648
25,556
2,778,760
Edward Woo
4,881,581
179,654
25,087
2,778,760
Brendan Cahill
5,001,476
57,680
27,166
2,778,760
Proposal 2: Reappointment of Davidson & Company LLP, an independent registered public accounting firm, as auditors of the Company for the fiscal year ending December 31, 2024 and authorization of the Board to fix their renumeration.
For
Against
Abstentions
7,499,363
323,623
42,096
Proposal 3: Approval of an amendment to the Company’s 2022 Incentive Compensation Plan to increase the number of shares issuable thereunder from 950,000 to 2,500,000 shares.
Broker
For
Against
Abstentions
Non-Votes
4,776,425
285,446
24,451
2,778,760
Proposal 4: Approval of the grant of stock appreciation rights of the Company to the Company’s Chief Executive Officer and Chief Financial Officer.
Broker
For
Against
Abstentions
Non-Votes
4,802,189
253,288
30,845
2,778,760
Proposal 5: Approval of the issuance of 635,363 shares in accordance with Nasdaq Listing Rule 5635(a) to acquire the minority interest of TruHC Pharma GmbH.
Broker
For
Against
Abstentions
Non-Votes
4,249,883
184,837
26,704
2,778,760
No other matters were considered or voted upon at the Annual Meeting.
About Flora Growth Corp.
Flora Growth Corp. is a consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world. For more information on Flora, visit www.floragrowth.com.
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Cautionary Statement Concerning Forward-Looking Statements
This press release may contain “forward-looking statements,” as defined by U.S. federal securities laws. Forward-looking statements reflect Flora’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” and the negatives of these words and other similar expressions generally identify forward-looking statements. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled “Risk Factors” in Flora’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the “SEC”) on March 28, 2024, as such factors may be updated from time to time in Flora’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora’s filings with the SEC. While forward-looking statements reflect Flora’s good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219906
SOURCE: Flora Growth Corp.
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