HASH Simply Solventless Concentrates Ltd

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CALGARY, AB, Feb. 28, 2024 /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") is pleased to announce that it has appointed veteran cannabis executive Mr. Olen Vanderleeden to its board of directors.

Mr. Vanderleeden brings over 25 years of executive management experience ranging from innovative venture backed start-ups to large public entities. Most recently, Olen was the Chief Commercial Officer for Greentone Enterprises, where he established a strong Canadian recreational cannabis market position and a substantial international business. Prior to Greentone, Olen was the Senior Vice President of Commercial for Zenabis Global, where he led Zenabis to a considerable recreational cannabis market share prior to Zenabis being acquired by Hexo. Prior to Zenabis, Olen led business development as an Associate Vice President at Kwantlen Polytechnic University which included the development of relationships with key cannabis industry stakeholders and the management and expansion of the first university cannabis curriculum in Canada. 

Jeff Swainson, President and CEO of SSC stated: "With 25 years of overall experience, six years of cannabis industry experience, and a track record of building successful private and public companies, the appointment of Olen to SSC's board of directors significantly strengthens our great team. Olen has a track record of facilitating transactions and rapidly expanding revenue, and he is expected to help SSC capitalize on many growth initiatives and provide significant value to our shareholders." 

In connection with Olen's appointment and prior executive appointments, SSC has granted an aggregate of 400,000 stock options under SSC's equity incentive plan at an exercise price of $0.16 per share and expiring on February 27, 2027. The option grant and the appointment of Olen to SSC's board of directors remains subject to the final approval of the TSX Venture Exchange.

SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see www.simplysolventless.ca.

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "projected" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning capitalizing on growth initiatives and providing value to shareholders. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Simply Solventless Concentrates Ltd.