Emblem Bolsters Medical Division to Support Growth and Product Innovation with Appointment of Wayne Kreppner as President
Emblem (TSXV:EMC,OTCQX:EMMBF) (“Emblem” or the “Company”) today announced additional leadership and operational resources to support the rapid growth of its medical division and associated new product innovations. Emblem Director and current Medical Division President, John H. Stewart, welcomes Wayne Kreppner to the Company as the Division’s new President. Mr. Stewart will oversee the Division in an advisory capacity and will remain a member of Emblem’s Board of Directors. Mr. Kreppner will begin November 1, 2018. The appointment of Mr. Kreppner is subject to the normal course approvals of the TSX Venture Exchange.
An accomplished pharmaceutical industry executive, Mr. Kreppner will bring 20 years of research and development, regulatory affairs and senior management expertise to Emblem’s Medical Division. Prior to joining Emblem, Mr. Kreppner was President and Chief Operating Officer at Concordia International Corporation where he oversaw triple-digit growth of both revenue and EBITDA. He also served as Vice President, Technical Operations at Trimel Pharmaceuticals, and held various senior roles in technical operations and regulatory affairs at Biovail Corporation.
Over the past three years, Mr. Stewart led the creation of Emblem’s Medical Division and delivered several firsts for the Company, including its partnership with Canntab Therapeutics Inc. to develop oral extended-release cannabinoid tablets. Mr. Stewart also oversaw the design and build-out of Emblem’s extraction, analytical and product development facilities, the launch of Emblem’s line of four strain specific cannabis oils and most recently the launch of Atmosphere, Emblem’s line of metered-dose cannabis oil oral sprays.
“In a relatively short time, Emblem has established an extremely capable Medical Division. Wayne will bring with him a wealth of proven experience in developing, launching and commercializing pharmaceutical products. His ability to simultaneously manage the many aspects of new product development, clinical research and production will be an important addition to the Medical Division and Emblem’s overall commitment to product innovation,” said John H. Stewart, outgoing Division President. “I look forward to working closely with Wayne and existing members of the medical team.”
“Emblem’s Medical Division is a leader in product innovation. Emblem has always had a patient-first approach, developing new products that support patients’ health goals and that physicians are confident in prescribing. Wayne shares this mindset and we’re thrilled to bring his proven experience and leadership to our world-class team,” said Nick Dean, CEO, Emblem Corp.
In accepting his appointment, Mr. Kreppner said: “There is an incredible opportunity to further develop the role of cannabis and cannabinoids in medical treatment. The goal at Emblem is to identify innovative ways to bring pharmaceutical formulations of cannabis to patients, supported by clinical evidence. I am honoured to join Emblem’s medical team and look forward to contributing to the company’s success.”
Additional changes to Emblem Corp Leadership
Further changes to Emblem’s leadership team include the departure of Daniel Saperia, Chief Operating Officer, effective November 1, 2018. Mr. Saperia’s tenure at Emblem began in 2014 shortly after the Company’s founding, and includes a number of key accomplishments, including overseeing a 100% fill rate of first orders to Emblem’s provincial partners. Mr. Saperia will continue to provide support during a transition period until December 31, 2018.
“I want to personally thank Danny for his tremendous contributions to Emblem over the last four years as our first Chief Operating Officer. In his time at Emblem, Danny has been directly responsible for building the foundation upon which the Company can now prosper and grow into its next phase,” said Dean. “Under his leadership, we have seen significant improvements across our production, cultivation and supply chain. Danny is a fabulous mentor, coach, team leader and friend to many of us, and we wish him all the best.”
“I’m incredibly proud of Emblem’s accomplishments over the past four years and look forward to seeing the Company continue to grow in the future,” said Mr. Saperia. “I’m grateful to have played a role in Emblem’s evolution and wish the team continued success.”
Emblem, through its wholly-owned subsidiary Emblem Cannabis Corporation, is a fully integrated licensed producer and distributor of medical cannabis and cannabis derivatives in Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Emblem’s state-of-the-art indoor cannabis cultivation facility and research and development laboratory is located in Paris, Ontario. Led by an experienced management team of healthcare executives, accomplished marketing professionals, and cannabis experts, Emblem is focused on driving shareholder value through product innovation, brand relevance, and access to patient and consumer channels. Emblem is also the parent company of GrowWise Health Limited, one of Canada’s leading cannabis education services. Emblem trades under the ticker symbol EMC on the TSX Venture Exchange.
For more information, please visit www.emblemcorp.com.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Company, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of this industry which Emblem believes to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While Emblem is not aware of any misstatement regarding any industry or government data presented herein, the medical marijuana industry involves risks and uncertainties and is subject to change based on various factors.
Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks identified in the Company’s December 31, 2017 Management’s Discussion and Analysis, which has been filed with the Canadian Securities Administrators and available on www.sedar.com. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
Neither the 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 press release.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
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Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.