Cronos Group (NASDAQ: CRON; TSX: CRON) reported results of its June 18, 2026 Annual Meeting of Shareholders. Holders of 271,828,759 shares, or 72.24% of outstanding common shares, were represented. All director nominees were elected, each receiving over 93.6% support.
Shareholders backed an advisory say-on-pay resolution with 99.09% support and chose annual future say-on-pay votes. They also approved Davidson & Company LLP as independent auditor for fiscal 2026 and authorized the Board to set auditor remuneration.
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News Market Reaction – CRON
+1.51%
+1.51%Session close to close
In the Jun 23 session, CRON gained 1.51%, reflecting a mild positive market reaction.
This announcement confirms robust shareholder backing, with over 72% of shares represented and more ...
Analysis
This announcement confirms robust shareholder backing, with over 72% of shares represented and more than 93.6% support for every director. Governance stability complements earlier earnings and buyback news, though low short interest limits squeeze-driven upside risk.
Key Figures
Shares represented:271,828,759 sharesVoter turnout:72.24%Director support floor:93.6%+ votes for+5 more
8 metrics
Shares represented271,828,759 sharesCommon shares voted at 2026 annual meeting
Voter turnout72.24%Percentage of outstanding common shares represented at meeting
Director support floor93.6%+ votes forEach director nominee received over this share of votes cast
Jason Adler support220,505,353 for (99.42%)Votes for Cronos director Jason Adler
Michael Gorenstein support207,751,369 for (93.67%)Votes for Cronos director Michael Gorenstein
Say-on-pay approval99.09% forAdvisory vote on named executive officer compensation
Directors withhold high14,045,276 withheld (6.33%)Highest withhold votes among director nominees (Gorenstein)
Meeting dateJune 18, 2026Date of 2026 annual meeting of shareholders
Announcement of virtual-only 2026 annual meeting timing and participation details.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news with strong financial or capital return themes has typically seen positive price reactions, while product or procedural updates have been more mixed.
Key Terms
definitive proxy statement, advisory (non-binding) resolution, named executive officers, independent auditor, +2 more
6 terms
definitive proxy statementregulatory
"Each of the directors listed as a nominee in the Company’s definitive proxy statement dated April 24, 2026"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
advisory (non-binding) resolutionregulatory
"Shareholders also approved an advisory (non-binding) resolution on the compensation"
An advisory (non-binding) resolution is a shareholder vote that expresses investors’ opinion or recommendation to a company’s board but does not legally force any action. Think of it as a public poll or suggestion: it can influence management decisions, reputation, and future binding measures because persistent investor opposition often prompts change. Investors watch these votes to gauge corporate governance, potential risks, and whether management is aligned with shareholder priorities.
named executive officersregulatory
"resolution on the compensation of the Company’s named executive officers"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent auditorregulatory
"approved the appointment of Davidson & Company LLP as the Company’s independent auditor"
An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.
sedar+regulatory
"please see the Report of Voting Results filed on the Company’s SEDAR+ profile"
SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.
form 8-kregulatory
"and the Company’s Form 8-K filed on EDGAR at www.sec.gov/edgar"
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) today announced that at its Annual Meeting of Shareholders held on Thursday, June 18, 2026 (the “Meeting”), shareholders holding a total of 271,828,759 common shares of the Company voted in person or by proxy, representing 72.24% of the total number of common shares of the Company outstanding.
Each of the directors listed as a nominee in the Company’s definitive proxy statement dated April 24, 2026, was elected as a director of the Company, with each director receiving in excess of 93.6% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows:
Name of Director
Number of Shares Voted For
Percentage of Shares Voted For
Number of Shares Withheld from Voting
Percentage of Shares Withheld from Voting
Jason Adler
220,505,353
99.42 %
1,291,292
0.58 %
Darren Broughton
220,506,387
99.42 %
1,290,258
0.58 %
Murray Garnick
219,627,749
99.02 %
2,168,896
0.98 %
Michael Gorenstein
207,751,369
93.67 %
14,045,276
6.33 %
Dominik Meier
220,426,444
99.38 %
1,370,201
0.62 %
James Rudyk
216,463,958
97.60 %
5,332,687
2.40 %
Elizabeth Seegar
220,476,757
99.40 %
1,319,888
0.60 %
Shareholders also approved an advisory (non-binding) resolution on the compensation of the Company’s named executive officers, with 99.09% of votes cast in favor of such resolution, and voted, on an advisory (non-binding) basis, in favor of holding future advisory votes on the compensation of the Company’s named executive officers every year. Shareholders also approved the appointment of Davidson & Company LLP as the Company’s independent auditor for fiscal year 2026 and authorized the Board of Directors of the Company to fix the independent auditor's remuneration.
For complete results on all matters voted on at the Meeting, please see the Report of Voting Results filed on the Company’s SEDAR+ profile at www.sedarplus.com and the Company’s Form 8-K filed on EDGAR at www.sec.gov/edgar.
About Cronos
Cronos is a global cannabis company focused on scaling leading consumer goods products through research and development and innovation. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach®, PEACE NATURALS®, LIT™ and Lord Jones®. For more information about Cronos and its brands, please visit: thecronosgroup.com.
For further information, please contact: Harrison Aaron Investor Relations Tel: (416) 504-0004 investor.relations@thecronosgroup.com
FAQ
What were the key outcomes of Cronos Group's 2026 Annual Meeting for CRON shareholders?
Cronos Group's 2026 Annual Meeting approved all proposals, including director elections, say-on-pay, and auditor appointment. According to Cronos, all director nominees were elected, executive compensation received strong support, and Davidson & Company LLP was confirmed as independent auditor for fiscal year 2026.
How many Cronos Group (CRON) shares were represented at the 2026 Annual Meeting?
A total of 271,828,759 Cronos Group common shares were represented, equal to 72.24% of outstanding shares. According to Cronos, these shares were voted in person or by proxy at the June 18, 2026 Annual Meeting of Shareholders.
How did Cronos Group (CRON) shareholders vote on director elections in 2026?
Cronos Group shareholders elected all nominated directors, each receiving more than 93.6% of votes cast. According to Cronos, individual support ranged from 93.67% for Michael Gorenstein to 99.42% for Jason Adler and Darren Broughton, indicating broad backing for the board slate.
What did Cronos Group (CRON) shareholders decide about executive compensation in 2026?
Shareholders approved an advisory resolution on executive compensation, with 99.09% of votes cast in favor. According to Cronos, investors also voted on an advisory basis to hold future say-on-pay votes every year, reinforcing ongoing annual oversight of named executive officer pay.
How often will Cronos Group (CRON) hold future say-on-pay votes after the 2026 meeting?
Cronos Group shareholders supported holding future say-on-pay votes on executive compensation every year. According to Cronos, this advisory, non-binding decision sets an annual frequency for shareholder input on the compensation of the company’s named executive officers going forward.
Which auditor did Cronos Group (CRON) shareholders appoint for fiscal year 2026?
Shareholders appointed Davidson & Company LLP as Cronos Group’s independent auditor for fiscal 2026. According to Cronos, investors also authorized the Board of Directors to fix the independent auditor’s remuneration for the fiscal year following the 2026 Annual Meeting vote.
