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ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS OF AURORA CANNABIS INC. (the "Company")

Key Takeaway: Aurora Cannabis Inc. held its annual general and special meeting, announcing significant shareholder voting results. The election of directors and appointment of auditors saw strong approvals, with most resolutions passing comfortably. However, the resignation of board member Theresa Firestone and the defeat of the advisory vote on executive compensation reveal some areas of concern among shareholders. The company plans to recruit another director to fill the vacancy left by Firestone.

Market Sentiment Analysis

POSITIVE FACTORS

  • A majority of the ordinary resolutions were approved, indicating strong shareholder support.
  • Ernst & Young LLP was reappointed as independent auditors with significant votes in favor.
  • The election of directors generally received a high percentage of votes for, reflecting confidence in leadership.

CONCERNS & RISKS

  • Theresa Firestone resigned from the board after receiving only 42.37% of votes in favor.
  • The advisory vote on executive compensation was defeated, garnering only 39.36% support, which may indicate dissatisfaction among shareholders.

Full Press Release Details

ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
AURORA CANNABIS INC. (the "Company")
Pursuant to Section 11.3 of National Instrument
51-102 Continuous Disclosure Obligations ("NI 51-102")
In accordance with section 11.3 of NI 51-102
and following the annual general and special meeting of the holders of common shares ("Shares") of the Company held
on August 8, 2025 (the "Meeting"), we hereby advise of the following voting results as tabulated at the Meeting:
Total Shares issued and outstanding at record date (June 16, 2025): 56,246,404
Total Shares represented at the Meeting in person and by proxy: 17,736,521
Percentage of total Shares represented at the Meeting: 31.53%
Based on proxies received and votes calculated
by ballot during the Meeting, the ordinary resolution fixing the number of directors at six (6) was approved with the following results:
Votes FOR % Votes FOR Votes AGAINST % Votes AGAINST
15,776,255 88.95% 1,960,261 11.05%
Election of Directors
Based on proxies received and votes calculated
by ballot during the Meeting, other than as referenced below, the following individuals were elected as directors of the Company to serve
until the next annual shareholders' meeting or until his or her successor is duly elected or appointed, with the results
Name of Nominee Votes FOR % votes FOR Votes WITHHELD % votes WITHHELD
Miguel Martin 5,513,929 89.15% 671,217 10.85%
Michael Singer 5,194,307 83.98% 990,839 16.02%
Chitwant Kohli 5,433,170 87.84% 751,976 12.16%
Theresa Firestone 2,620,830 42.37% 3,564,317 57.63%
Norma Beauchamp 5,317,360 85.97% 867,786 14.03%
Rajesh Uttamchandani 5,332,016 86.21% 853,131 13.79%
the Meeting, and in accordance with the Company's majority voting policy, Theresa Firestone resigned from Aurora's Board of Directors
effective August 31, 2025. The Company's Nominating and Corporate Governance Committee will be focused on recruiting for another
director to fill the vacancy created on the Board.
Appointment of Auditors
Based on proxies received and votes calculated
by ballot during the Meeting, the ordinary resolution appointing Ernst & Young LLP as independent auditors of the Company until the
Company's next annual meeting of shareholders and authorizing the directors to fix the auditor's remuneration was approved
with the following results:
Votes FOR % Votes FOR Votes WITHHELD % Votes WITHHELD
15,766,494 88.89% 1,970,023 11.11%
Amendment to Restricted Share
Based on proxies received and votes calculated
by ballot during the Meeting, the ordinary resolution with respect to an amendment to certain provisions of the Company's Restricted
Share Unit Plan, as more particularly described in the Information Circular, was approved with the following results:
Votes FOR % Votes FOR Votes AGAINST % Votes AGAINST
5,397,041 87.26% 788,102 12.74%
Amendment to Performance Share
Based on proxies received and votes calculated
by ballot during the Meeting, the ordinary resolution with respect to an amendment to certain provisions of the Company's Performance
Share Unit Plan, as more particularly described in the Information Circular, was approved with the following results:
Votes FOR % Votes FOR Votes AGAINST % Votes AGAINST
5,370,699 86.83% 814,447 13.17%
Amendment to Share Option Plan
Based on proxies received and votes calculated
by ballot during the Meeting, the ordinary resolution with respect to an amendment to certain provisions of the Company's Share
Option Plan, as more particularly described in the Information Circular, was approved with the following results:
Votes FOR % Votes FOR Votes AGAINST % Votes AGAINST
5,365,185 86.74% 819,961 13.26%
Advisory Vote on Executive Compensation
Based on proxies received and votes calculated
by ballot during the Meeting, the non-binding advisory resolution on the Company's approach to executive compensation, as more particularly
described in the Information Circular, was defeated with the following results:
Votes FOR % Votes FOR Votes AGAINST % Votes AGAINST
2,434,452 39.36% 3,750,693 60.64%
Each of the matters set out above is described in greater detail in the Information Circular provided to the Company's shareholders
prior to the Meeting and is available under the Company's profile at www.sedarplus.ca and

Frequently Asked Questions

What was the total number of shares at the record date?

The total number of shares at the record date was 56,246,404.

Who was appointed as independent auditors for Aurora Cannabis?

Ernst & Young LLP was appointed as independent auditors of the Company.

How many directors were elected at the meeting?

Six directors were elected at the Meeting of Shareholders.

What percentage voted against the executive compensation resolution?

60.64% voted against the advisory resolution on executive compensation.

What happened to Theresa Firestone's board position?

Theresa Firestone resigned from the Board effective August 31, 2025.

Last updated: Aug 8, 2025