CALGARY,
AB, Dec. 16, 2022 /CNW/ - The Hempshire
Group, Inc. (formerly Hoist Capital Corp.) ("Hempshire" or
the "Company") (TSXV: HMPG) announces that Martin Marion, President, Chief Executive
Officer and Director has advised the Board of Directors that he
will resign from his roles as an officer and director effective
December 31, 2022, for personal
reasons.
Mr. Marion has served as President and Chief Executive Officer
of Hempshire since July 2021.
Mr. Marion's decades of marketing, strategic planning and
business development experience within the consumer goods and
healthcare sectors were instrumental in leading the Company through
its transition from a privately held company to a public company
listed on the TSX Venture Exchange which was completed in
June 2022.
"On behalf of the Board and everyone at Hempshire, I want to
thank Mr. Marion for his service and passionate dedication to
Hempshire and all of its stakeholders," said Jeff Ragovin, Chair of the Board.
The Board of Directors has appointed Alex Shegelman as a director and Chief Executive
Officer of Hempshire effective December 31,
2022. Mr. Ragovin added, "Alex has been assisting management
in an advisory role for the better part of the last two years and
has developed a deep understanding of the business. The board has
full confidence in Alex's ability to lead Hempshire into its next
phase of growth".
About Alex Shegelman
Alex is Co-Founder and Managing Partner of Everleaf Capital
Corp. Alex has gained significant transaction execution and
revenue generation experience over his 25+ years in investment
banking, capital markets and corporate development. He was the Head
of Energy Investment Banking at one of Canada's largest financial institutions and
the Head of Life Sciences Investment Banking at a bank-owned
dealer. As Head of Energy Investment Banking, he was instrumental
in achieving significant revenue growth over his six year tenure,
participating in $6+B of energy financings in his final year. Alex
has successfully executed 25+ M&A and advisory assignments and
100+ financings. He holds a Bachelor of Arts in Economics, a Master
of Business Administration (with Distinction), and is a CFA
Charterholder.
About Hempshire
Hempshire formulates and markets its own proprietary brands
under the MOUNTAIN® Smokes brand name, including
MOUNTAIN® Originals cannabidiol hemp smokes
("Hemp Smokes") with <0.3% THC, and
MOUNTAIN® Zeros Hemp Smokes with
non-detectible, <0.0001% THC. Hempshire also offers
private white-labeling services and contract
manufacturing services, through its partners, for
significant non-owned Hemp Smoke brands in the United States and internationally.
Information about the Company's MOUNTAIN®
Smokes line of Hemp Smokes can be found at the Company's
ecommerce website at https://mountainsmokes.com.
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE The Hempshire Group, Inc.
