TILT Holdings Annual Meeting Highlights Transformative Voting Outcomes
TILT Holdings Annual General Meeting Results
TILT Holdings Inc. (Cboe CA: TILT, OTC Markets: TLLTF) has recently concluded its annual general meeting, conveying significant outcomes for its shareholders. This meeting, aimed at enhancing corporate governance and strategic directions, was held virtually.
Overview of Meeting Proposals
Diverse yet essential proposals were brought forth for voting during the meeting, with all of them gaining approval from the shareholders. The main items included the election of five directors who will serve until the next annual meeting and the re-appointment of Haynie & Company as the company’s auditors. Shareholders also empowered the board of directors to determine the auditors’ remuneration for the coming year.
Election of Directors
The election of directors marked a pivotal moment for the company. The shareholders voted in favor of the following nominees:
- John Barravecchia - votes for: 27,668,954, withheld: 3,874,959
- Tim Conder - votes for: 27,413,775, withheld: 4,130,138
- Marshall Horowitz - votes for: 26,940,387, withheld: 4,603,526
- George Odden - votes for: 27,413,392, withheld: 4,130,521
- Arthur Smuck - votes for: 27,456,480, withheld: 4,087,433
Every elected director will hold office until the subsequent annual general meeting or until their earlier resignation or removal.
Auditors Re-Appointment
The shareholders also overwhelmingly supported the re-appointment of Haynie & Company as auditors. The vote results were as follows:
- Votes for: 71,016,893
- Votes against: 18,753,438
- Withheld/Abstentions: 1,746,346
This re-appointment confirms the shareholders' trust in the auditing process and represents a commitment to maintaining transparency and accountability.
Transparency in Reporting
Post-meeting, TILT Holdings committed to transparency by filing a report detailing the voting results on all proposals. This report is accessible on SEDAR+, ensuring shareholders can stay informed about critical company decisions.
Understanding TILT Holdings' Business Model
TILT Holdings is not just focused on today’s challenges; it is committed to a forward-thinking approach in the cannabis industry. The company manages a diverse portfolio of businesses that encapsulate various facets of the cannabis industry, including technology, hardware, cultivation, and distribution. A significant component of its operations is its wholly owned subsidiary, Jupiter Research LLC, a leader in the vaporization sector.
Jupiter specializes in the innovation of hardware and supports cannabis brands and retailers across multiple regions, including the U.S., Canada, and Europe. TILT’s strategic location in three states allows it to cultivate and produce quality cannabis products under the Commonwealth Alternative Care and Standard Farms brands.
Corporate Contact Information
If you have inquiries about TILT Holdings, you can reach out to:
Lynn Ricci
VP of Investor Relations & Corporate Communications
TILT Holdings Inc.
lricci@tiltholdings.com
Investor Relations Contact:
Sean Mansouri, CFA
Elevate IR
TILT@elevate-ir.com
720.330.2829
Frequently Asked Questions
What proposals were approved at the TILT Holdings annual meeting?
The shareholders approved proposals for the election of five directors and the re-appointment of Haynie & Company as auditors.
Who are the newly elected directors at TILT Holdings?
The newly elected directors include John Barravecchia, Tim Conder, Marshall Horowitz, George Odden, and Arthur Smuck.
What is TILT Holdings’ primary business focus?
TILT Holdings focuses on providing solutions for cannabis businesses, including cultivation, manufacturing, processing, brand development, and retail services.
Where can I find the voting results from the meeting?
The voting results are filed on SEDAR+ and can be accessed for transparency purposes.
How can I contact TILT Holdings for more information?
Contact Lynn Ricci, VP of Investor Relations, or Sean Mansouri of Elevate IR for inquiries about investor relations.
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