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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.
About Simply Solventless
Concentrates Ltd.
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.
Notice on Forward Looking
Information
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.