Dhaliwal brings farming, regulatory and
distribution experience with Overwaitea, Safeway and Costco to
Pontus. Jenkins brings his extensive financial experience to
support Pontus' capital raise strategy.
VANCOUVER, BC, March 7, 2022 /CNW/ - Pontus Protein Ltd. (TSXV:
HULK) (OTCQB: HLKKF) (FSE: 8YC) ("Pontus" or the
"Company") is pleased to announce the appointments of Mr.
Avtar Dhaliwal and Mr. David Jenkins to the Company's board of
directors (the "Board") to fill the casual vacancies created
by the resignations of Mr. Sean
Kingsley and Mr. David
Enser.
Mr. Enser will assume a newly created role where he will better
serve Pontus as "Lead Advisor for Distribution."
Mr. Avtar Dhaliwal studied at the
University of British Columbia Okanagan
and brings to Pontus his years of experience in the food industry
with a specialty in supply chain, compliance and regulatory
processes. He is a third-generation farmer and has managed over
1,000 acres of land, employing hundreds of employees, and
overseeing the growth and cultivation of a wide variety of cash
crops for retail and wholesale. Furthermore, Mr. Dhaliwal oversaw
and focused on crop quality standardization, distribution and
marketing from wholesalers, and direct to consumer sales and
overseas sales in local markets. Dealing with distributors and
associations, Mr. Dhaliwal placed produce into large box retailers
and nationwide grocers such as Overwaitea and Safeway. Mr. Dhaliwal
has also worked with wholesale and partners such as B.C. Fruit
Packers Association and direct wholesale. Recently, Mr. Dhaliwal
has been instrumental in navigating his current company through
compliance and regulatory hurdles of listing products and
distributing with Costco and other large-scale distributors.
Mr. David Jenkins is a global
financier and works with high networth individuals. He has
extensive experience in public markets and has helped secure
millions of dollars in capital in mining. He is a highly regarded
expert in negotiating, marketing and advertising. Mr. Jenkins has
completed hundreds of multimillion dollar deals throughout his
career demanding top price for assets in all market conditions. Mr.
Jenkins leverages in depth market knowledge to cater the sale of
valuable assets to buyers throughout the world.
Commenting on the Board, Connor
Yuen, Pontus' CEO, said, "I'd like to thank Sean for his
support to Pontus since the beginning. We welcome Avtar and David (Jenkins) to our Board. Avtar's
extensive experience in successful distribution with large
retailers is a perfect fit as we start to produce product and
revenue. David's experience in capital raises will be a perfect fit
for achieving our goals moving forward."
About Pontus Protein Ltd.
Pontus Protein Ltd. is a Vancouver,
B.C. based agricultural technology company that will enable
millions to rethink their food choices while helping people do the
world a world of good. By offering sustainably grown plant based
food options that are nutritious and delicious, we're helping this
kind of diet become the norm.
Pontus is reinventing agriculture with their proprietary Closed
Environment Vertical Aquaponic System (CEVAS) – the farming of the
future. Pontus specializes in the indoor vertical farming of water
lentils that use 95% less water than traditional agriculture and no
pesticides or chemicals. Pontus is committed to solving the global
food crisis by providing access to sustainable indoor biosecure
pure plant based proteins. Pontus' water lentils can be harvested
every 24 hours, exceed organic certification, and can be grown in
any climate in a relatively small area. Our water lentil protein is
filled with antioxidants, minerals, vitamins and all the amino
acids, making a complete protein food source. Pontus aims to
revolutionize the plant based sector as the entire sector is
currently based on two main protein sources: soy and pea. Water
lentil protein is far superior to pea and soy protein. It contains
over 40% protein vs. 5-36% protein*, and Pontus aims to be the base
protein for plant based food products, leading to the movement
transitioning the world from meat based to plant based
proteins.
To learn more, please visit pontuswaterlentils.com
On behalf of the Board of Directors
"Connor Yuen"
Connor Yuen, CEO
Pontus Protein Ltd.
Forward-Looking Information
Certain statements in this release are forward-looking
statements, which reflect management's expectations regarding the
Company. Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future, including,
but not limited to, statements relating to Pontus' ability to
revolutionize the plant based sector and enable millions to rethink
their food choices. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements, including risks related to factors beyond the control
of the Company. These risks include, but are not limited to, the
following: the unknown magnitude and duration of the effects of the
COVID-19 pandemic, the failure of Pontus to receive the necessary
approvals from the Canadian Food Inspection Agency for its products
and facilities, the inability to complete Pontus' Surrey Facility,
as well as other general business, economic, or market related
risks beyond the director control of the Company and which may
affect the Company's business, operations, or products. No
assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. The Company undertakes
no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change,
unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accept responsibility for the adequacy
or accuracy of this release.
SOURCE Pontus Protein Ltd.
