Auxly Strengthens Board of Directors with Appointment of Murray McGowan
02 Novembre 2021 - 12:30PM
Auxly Cannabis Group Inc. (TSX - XLY) (“
Auxly” or
the “
Company”), a leading consumer packaged goods
company in the cannabis products market, is pleased to announce
that, in connection with its strategic partnership with Imperial
Brands PLC (“
Imperial”), the Company has appointed
Murray McGowan, Chief Strategy and Development Officer for
Imperial, to its Board of Directors, effective November 1, 2021.
Mr. McGowan will join the Auxly Board of
Directors as Imperial’s director designee, replacing previous
Imperial nominee Conrad Tate. Mr. Tate has left Imperial but, at
the request of the Company, has agreed to remain on Auxly’s Board
as an independent director and will also continue to serve on
Auxly’s Audit Committee and Compensation Committee. Mr. McGowan has
also been appointed to the Company’s Audit Committee. Following the
appointment of Mr. McGowan, the Board will comprise of six
directors.
“We are excited to welcome Murray to our board
during an important stage in Auxly’s growth,” said Genevieve Young,
Chair of Auxly’s Board of Directors. “Murray’s extensive strategy
and development experience will be invaluable to the Company as it
continues to grow into one of the leading licensed producers in the
country. We are also thrilled that Conrad has decided
to remain on Auxly’s Board after his departure from Imperial as it
provides an important piece of continuity. His experience and
expertise has been incredibly valuable over the course of the last
two years and we are delighted to be able to retain the benefit of
his counsel, insight and support on our Board of Directors.”
Mr. McGowan has a strong background in strategy,
having worked in various strategic and operational leadership roles
for a number of high-profile businesses including Costa Coffee,
Yum! Brands, Cadbury and The Restaurant Group. He has also worked
with a range of leading global consumer goods companies and retail
businesses during his time at McKinsey and Company.
“Auxly is quickly becoming a leader in the
Canadian cannabis market, and I am delighted to be joining its
Board of Directors at such an exciting time,” said Murray McGowan.
“I look forward to contributing to Auxly’s future growth and
success.”
ON BEHALF OF THE BOARD
"Hugo Alves” CEO
About Auxly Cannabis Group Inc. (TSX:
XLY) (OTCQX: CBWTF)
Auxly is a leading Canadian cannabis company
dedicated to bringing innovative, effective, and high-quality
cannabis products to the wellness and adult-use markets. Auxly's
experienced team of industry first-movers and enterprising
visionaries have secured a diversified supply of raw cannabis,
strong clinical, scientific and operating capabilities and leading
research and development infrastructure in order to create trusted
products and brands in an expanding global market.
Learn more at www.auxly.com and stay up to date
at Twitter: @AuxlyGroup; Instagram:
@auxlygroup; Facebook: @auxlygroup; LinkedIn:
company/auxlygroup/.
Investor Relations:
For investor enquiries please contact our
Investor Relations Team: Email: IR@auxly.comPhone:
1.833.695.2414
Media Enquiries
(only):
For media enquiries or to set up an interview
please contact:Email: press@auxly.com
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward looking information includes, but is not limited
to: consumer preferences; political change, future legislative and
regulatory developments involving cannabis and cannabis products;
and competition and other risks affecting the Company in particular
and the cannabis industry generally.
A number of factors could cause actual results
to differ materially from a conclusion, forecast or projection
contained in the forward-looking information in this release
including, but not limited to whether: general economic, financial
market, regulatory and political conditions in which Auxly operates
will remain the same. The forward-looking information in this
release is based on information currently available and what
management believes are reasonable assumptions. Forward-looking
information speaks only to such assumptions as of the date of this
release. In addition, this release may contain forward-looking
information attributed to third party sources, the accuracy of
which has not been verified by Auxly. The forward-looking
information contained in this release is expressly qualified by the
foregoing cautionary statements and is made as of the date of this
release. Except as may be required by applicable securities laws,
Auxly does not undertake any obligation to publicly update or
revise any forward-looking information to reflect events or
circumstances after the date of this release or to reflect the
occurrence of unanticipated events, whether as a result of new
information, future events or results, or otherwise.
Neither Toronto Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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