Love Hemp’s shareholders have strongly rejected resolutions proposed by Pershing Nominees Ltd at a general meeting on Friday 1 April.
The five resolutions, one of which was to remove chair Andrew Male from office, were all rejected by over 95% of the vote.
Pershing Nominees Ltd is the legal owner of 79,505,999 shares representing over 5% of the total paid-up capital of Love Hemp.
Mr Male commented, “We would like to thank shareholders for their continued support of Love Hemp, and for sharing our belief in the potential of this company. Since its foundation, Love Hemp’s growth trajectory has been unparalleled, earning and upholding the brand’s ‘best in class’ reputation.
“The result of today’s meeting allows the board to refocus its efforts on the pipeline of growth opportunities for Love Hemp, including the up-listing to the London Stock Exchange Main Market. We look forward to keeping shareholders updated as Love Hemp’s journey progresses.”