GATINEAU, Quebec, Jan. 17, 2019 (GLOBE NEWSWIRE) -- PRESS RELEASE -- HEXO Corp. has announced the results of its annual general meeting of shareholders held on Jan. 16, 2019. All items put forth at the meeting were approved, including the appointment of MNP LLP as auditor of the company for the ensuing year, and the re-election of Nathalie Bourque, Vincent Chiara, Jason Ewart, Adam Miron, Dr. Michael Munzar and Sébastien St-Louis as directors of the company, all with a majority of the votes cast, to hold office until the next annual meeting of shareholders or until their successors are elected or appointed.
A “Report of Voting Results” for the meeting will be available under the company’s profile on SEDAR.
At the meeting, HEXO Corp. CEO Sebastien St-Louis announced that he was working on a CFO transition plan with the company’s current CFO, Ed Chaplin. As HEXO Corp. turns its attention to the world, the focus will be on individuals with global consumer packaged goods company experience.
"Under Ed’s leadership, we built an exceptionally robust financial function which has enabled us to hit key significant milestones and to grow HEXO Corp. according to our vision. Ed was instrumental in making our initial public offering a reality. On our first day of trading, our company was valued at approximately $127.9M. Today, we are valued at over $1.2B,” said St-Louis. “Ed has been a valued and trusted advisor throughout his time at HEXO and has worked tirelessly to support me and the entire team during his tenure. I want to take this opportunity to thank him for his dedication and professionalism.”
As noted during the meeting, Chaplin plans to remain as chief financial officer until April 30, 2019 and will also be available to offer support for six months following his departure to enable a smooth transition period.
Following the meeting, the Audit Committee and Human Resource and Corporate Governance Committee members were appointed to consist of Nathalie Bourque, Vincent Chiara and Jason Ewart, all independent directors.
