New Leaf Ventures Inc. (CSE: NLV)
(“
New Leaf” or the “
Company”)
wishes to advise that pursuant to its acquisition of New Leaf USA,
Inc. (“
New Leaf USA”) and subsidiaries, the
Company has finalized the makeup of its executive management and
appointment of board members with immediate effect. With the close
of its recent $1.1 million financing and concurrent listing on the
Canadian Securities Exchange, the Company is actively moving
forward with strategic plans for growth in the North American
cannabis industry.
The newly created corporate structure provides
New Leaf and its subsidiaries with experienced leadership focused
on the implementation and execution of business development aimed
at driving business growth and shareholder value. The Company is
pleased to confirm the appointments and roles of the following key
individuals.
Michael Stier, CEO, New Leaf Ventures Inc.Mr.
Stier brings an extensive understanding of the equity markets
having previously worked as an IIROC licensed senior financial
advisor at CIBC’s Imperial Service Division. He previously served
at a private equity company managing a portfolio of $20 million in
private funds. He concurrently advised on projects with Greendrop
Capital Corp. Mr. Stier studied business management at Kwantlen
Polytechnic University and Okanagan College, specializing in
finance. Robert Colwell, CEO, New Leaf USA & Director, New Leaf
Ventures Inc.Mr. Colwell created Dama LLC, a medical cannabis
concentrate company, which he subsequently merged with New Leaf
Botanicals in the development of brands ultimately acquired by New
Leaf USA.. Mr. Colwell brings extensive business, product
development, sales, and marketing experience in the Cannabis
sector. He earned extensive corporate development, sales, and
manufacturing experience as the founder of Compression Technologies
and TR Manufacturing, two composite manufacturing facilities based
in Bellevue, Washington. He previously owned and operated a
regional construction company for 10 years.
Boris Gorodnitsky, President, New Leaf USA &
Director, New Leaf Ventures Inc.Mr. Gorodnitsky brings over a
decade of in-depth experience in cannabis agronomy and production
for the medical marijuana sector. He participated in strategic
brand developments ultimately acquired by New Leaf USA and remains
focussed on business and new product development including the
advancement and introduction of new processing technologies aimed
at improving yield and quality. He previously enjoyed a career in
software development with increasing leadership roles across
several small start-ups to larger entities including Microsoft. He
served as CTO at Advanced Marine Technology; an advanced navigation
systems company located in Seattle. He was also the director of
software development at Captura, an enterprise business software
company in Kirkland, Washington.
Randy Minhas, CFO, New Leaf Ventures Inc.Mr.
Minhas is a Chartered Professional Accountant with 14 years of
finance experience in the technology, manufacturing, and resource
industries. Mr. Minhas has served as Director, CFO, and Controller
for several publicly traded companies since 2011. Mr. Minhas holds
a Bachelor of Business Administration from Simon Fraser University
and completed his Chartered Accountant designation in 2008, while
also completing his Chartered Director Certification in 2017. He
currently serves as a Director and CEO of Affinor Growers Inc. and
Lead Independent Director for Clean Seed Capital Group.
Chris Cooper, Director, New Leaf Ventures
Inc.Mr. Cooper brings over 20 years of business experience in
various aspects of corporate development, senior management,
finance, and operations, in both the private and public sectors.
Mr. Cooper received a B.A. from Hofstra University and an M.B.A.
from Dowling College, both in New York State. Mr. Cooper sits on
the audit committee and compensation committee for other issuers
including Counterpath Corp., a Nasdaq listed company. Mr. Cooper
has been a director of several private and public companies over
the last 20 years.
Don Currie, Director, New Leaf Ventures Inc.Mr.
Currie brings over 35 years experience building, financing, and
developing both private and public companies in Canada, the United
States and South America. He is the founding CEO, Chairman and
Director of Hillcrest Petroleum Ltd. and has served as a Director,
VP and Officer at a variety of resource sector ventures over the
years.
Lee White, Director, New Leaf Ventures Inc.Mr.
White’s experience in the cannabis industry includes an extensive
understanding of cultivation and distribution practices. He
previously owned Cigaweed, LLC, a cannabis brand operation from
2013 to 2018. Mr. White’s career includes extensive interest and
focus on commercial real estate and development opportunities for
over 29 years. As a licensed realtor, he has participated in every
aspect of commercial realty including sales, leasing, land
development, residential and apartment construction and retail
facilities.
Michael Stier, CEO of New Leaf Ventures noted
the following: “it’s been a lengthy, yet gratifying experience
leading to our acceptance on the CSE. Needless to say, we are
thrilled to now be a publicly traded corporation. I look forward to
moving ahead on a number of fronts and especially with key
operational activities aimed at expanding our reach and building
value for our team, partners, employees and especially our
shareholders.”
About New Leaf Ventures Inc.
(CSE: NLV)New Leaf Ventures Inc. has acquired ownership of New Leaf
USA and its subsidiaries, which provide licenses, consulting
services, real property, intellectual property and equipment for
lease and ancillary services to a Washington-based Tier 3
Producer/Processor focused on cultivating, growing, processing,
packaging, and distributing cannabis and cannabis related
products.
For further information, please contact:New Leaf Ventures
Inc.Invictus Investor RelationsTel: +1 (604) 343-8661Email:
walter@invictusir.com
Forward Looking StatementThis news release
contains statements and information that, to the extent that they
are not historical fact, may constitute “forward-looking
information” within the meaning of applicable securities
legislation. Forward-looking information may include financial and
other projections, as well as statements regarding future plans,
objectives or economic performance, or the assumption underlying
any of the foregoing. In some cases, forward-looking statements can
be identified by terms such as “may”, “would”, “could”, “will”,
“likely”, “except”, “anticipate”, “believe”, “intend”, “plan”,
“forecast”, “project”, “estimate”, “outlook”, or the negative
thereof or other similar expressions concerning matters that are
not historical facts. Examples of such statements include, but are
not limited to, statements with respect to the objectives and
business plans of the Company; ability to realize benefits from its
recent corporate appointments; ability to retain its key personnel;
the intention to grow the Company’s business and operations; the
competitive conditions of the industries in which the Company
operates; and laws and any amendments thereto applicable to the
Company.
Forward-looking information is based on the
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which
may prove to be incorrect. The material factors and assumptions
used to develop the forward-looking information contained in this
news release include, but are not limited to, key personnel and
qualified employees continuing their involvement with the Company;
and the Company’s ability to secure financing on reasonable
terms.
Forward-looking information involves known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to
differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
information, including, without limitation, risks relating to
the future business plans of the Company; risks that the Company
will not be able to retain its key personnel; risks that the
Company will not be able to secure financing on reasonable terms or
at all, as well as all of the other risks as described in the
Company’s management discussion and analysis for year ended
December 31, 2019 under the heading “Risks and
Uncertainties”. Accordingly, readers should not place undue
reliance on any such forward-looking information. Further, any
forward-looking information speaks only as of the date on which
such statement is made. New factors emerge from time to time, and
it is not possible for the Company’s management to predict all of
such factors and to assess in advance the impact of each such
factor on the Company’s business or the extent to which any factor,
or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking information.
The Company does not undertake any obligation to update any
forward-looking information to reflect information or events after
the date on which it is made or to reflect the occurrence of
unanticipated events, except as required by law, including
securities laws.
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
New Leaf Ventures (CSE:NLV)
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