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Aurora Cannabis Inc. Announces Results of 2025 Annual General and Special Meeting NASDAQ | TSX

Key Takeaway: Aurora Cannabis Inc. announced the results of its 2025 Annual General and Special Meeting, where shareholder participation was noted at 31.53%. Most director nominees were elected, although Theresa Firestone resigned after failing to secure majority support. The meeting confirmed the appointment of Ernst & Young LLP as auditors and involved changes to executive plans. The board's leadership structure was adjusted with the appointment of new roles in the wake of these results.

Market Sentiment Analysis

POSITIVE FACTORS

  • Shareholder meeting had a significant turnout with 31.53% participation.
  • Election of new directors indicates a stable leadership transition.
  • Theresa Firestone's contributions were recognized positively by the board.

CONCERNS & RISKS

  • Theresa Firestone resigned due to not meeting majority voting requirements.
  • Non-binding advisory vote on executive compensation did not pass.

Full Press Release Details

Aurora Cannabis Inc. Announces Results of 2025
Annual General and Special Meeting
EDMONTON, AB, Aug. 8, 2025 /CNW/ - Aurora Cannabis
Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), a leading Canada-based global medical cannabis
company, is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting")
held Friday August 8, 2025 by virtual webcast. The total number of shares represented by shareholders present in person (virtually) and
by proxy at the Meeting was 17,736,521 common shares, representing 31.53% of Aurora's issued and outstanding common shares as of the record
The details of the voting results for the election
of directors are set out below:
Board Nominee Votes For Votes Withheld
Miguel Martin 5,513,929 671,217
Michael Singer 5,194,307 990,839
Chitwant Kohli 5,433,170 751,976
Theresa Firestone 2,620,830 3,564,317
Norma Beauchamp 5,317,360 867,786
Rajesh Uttamchandani 5,332,016 853,131
As a result, other than as referenced below, each
of the director nominees were elected as directors of Aurora to serve until the close of the next annual meeting of Aurora shareholders
or until their successors are elected or appointed.
Following 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. Aurora Executive
Chairman and CEO Miguel Martin, together with new Lead Independent Director Michael Singer, expressed sincere appreciation for Ms. Firestone's
distinguished service and important contributions to the Company over her four-year tenure as an Independent Director.
"The Board benefited immensely from Theresa's
remarkable breadth of experience and expertise, and we thank her for the unwavering dedication and consummate professionalism she brought
to the role," said Mr. Martin. "Her unique insight, perspective and skillset helped shape Aurora's strategic direction that
is working to deliver the Company's strong financial results and growth in the global medical cannabis market."
Ms. Firestone was first appointed to the Aurora Board
in 2021 and most recently served as Chair of the Human Resources and Compensation Committee (the "HRCC"). Immediately
following the Meeting, and in addition to ratifying Michael Singer as the new Lead Independent Director, the Board has appointed Michael
Singer to the role of Chair of the HRCC. The Nominating and Corporate Governance Committee will be focused on recruiting for another director
to fill the vacancy created on the Board.
At the Meeting, shareholders also approved the appointment
of Ernst & Young LLP as auditors of the Company for the ensuing year, and amendments to certain provisions of the Company's RSU Plan,
PSU Plan, and Share Option Plan. The non-binding advisory vote on executive compensation, also known as "say-on-pay", did not
receive a majority of votes in favour required to pass.
A report of voting results on all resolutions voted
on at the Meeting will be filed under the Company's profile on SEDAR + (www.sedarplus.ca).
Aurora is opening the world to cannabis, serving both
the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer
in global cannabis, dedicated to helping people improve their lives. The Company's adult-use brand portfolio includes Drift, San Rafael
'71, Daily Special, Tasty's, Being and Greybeard. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana
Co, as well as international brands, Pedanios, IndiMed and CraftPlant. Aurora also has a controlling interest in Bevo Farms Ltd., North
America's leading supplier of propagated agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis
products, Aurora's brands continue to break through as industry leaders in the medical, wellness and adult recreational markets wherever
Aurora's common shares trade on the NASDAQ and TSX
under the symbol "ACB".
Forward Looking Information
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable securities law ("forward-looking statements").
Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project",
"intend", "believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.
These forward-looking statements are only predictions.
Forward looking information or statements contained in this news release have been developed based on assumptions management considers
to be reasonable. Material factors or assumptions involved in developing forward-looking statements include, without limitation, publicly
available information from governmental sources as well as from market research and industry analysis and on assumptions based on data
and knowledge of this industry which the Company believes to be reasonable. Forward-looking statements are subject to a variety of risks,
uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events,
results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking
statements. These risks include, but are not limited to, the magnitude and duration of potential new or increased tariffs imposed on goods
imported from Canada into the United States; the ability to retain key personnel, the ability to continue investing in infrastructure
to support growth, the ability to obtain financing on acceptable terms, the continued quality of our products, customer experience and
retention, the development of third party government and non-government consumer sales channels, management's estimates of consumer demand
in Canada and in jurisdictions where the Company exports, expectations of future results and expenses, the risk of successful integration
of acquired business and operations, management's estimation that SG&A will grow only in proportion of revenue growth, the ability
to expand and maintain distribution capabilities, the impact of competition, the general impact of financial market conditions, the yield
from cannabis growing operations, product demand, changes in prices of required commodities, competition, and the possibility for changes
in laws, rules, and regulations in the industry, epidemics, pandemics or other public health crises and other risks, uncertainties and
factors set out under the heading "Risk Factors" in the Company's annual information from dated June 17, 2025 (the "AIF")
and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR+ at www.sedarplus.com and filed
with and available on the SEC's website at www.sec.gov. The Company cautions that the list of risks, uncertainties and other factors described
in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties
and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information.
The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
SOURCE Aurora Cannabis Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/08/c8043.html
For further information: For Media: Michelle Lefler | VP, Communications
& PR | media@auroramj.com; For Investors: ICR, Inc. | aurora@icrinc.com
CO: Aurora Cannabis Inc.
CNW 17:00e 08-AUG-25

Frequently Asked Questions

What were the results of Aurora's 2025 shareholder meeting?

The meeting on August 8, 2025, saw 17,736,521 shares represented, or 31.53% of total.

Who resigned from Aurora's Board after the meeting?

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

Which company was appointed as auditors for Aurora?

Ernst & Young LLP was approved as auditors for the upcoming year.

What happened to the 'say-on-pay' vote?

The non-binding advisory vote on executive compensation did not receive majority approval.

What brands does Aurora Cannabis offer?

Aurora offers brands like Drift, MedReleaf, and CanniMed for medical and consumer use.

Last updated: Aug 8, 2025