RICHARDSON, Texas, Aug. 15,
2023 /CNW/ -- NuZee, Inc. (Nasdaq: NUZE), a leading
coffee co-packing and technology company, today announces the
appointment of Randell Weaver as its
chief financial officer.
Mr. Weaver joins NuZee with more than 30 years of well-rounded
manufacturing, distribution, and CPG experience with three prior
terms as a public company CFO and demonstrated success rate in cash
management, fund raising, building and mentoring staffs,
structuring financing options, optimizing performance, growth,
strategic planning and managing relationships.
Prior to joining NuZee, Mr. Weaver served as chief financial
officer of Reinvention Unlimited, Inc, which provides financial and
operational management, mentoring and executive oversight services
for international manufacturing and distribution clients with a
focus on regulated industries in food, pharmaceuticals and
contracting. Before that, he held several key positions,
including CFO of a publicly held CPG manufacturing and distribution
company with international operations and units in baked organic
baby foods, nutritional supplements, and highly regulated cannabis
products. While there, he transitioned that issuer's listing from
TSX to NASDAQ and helped raise in excess of $15 million in debt and equity. He also
facilitated the conversion from the IFRS accounting standard to US
GAAP compliant financial statements. Mr. Weaver also
previously held interim CFO positions at a private equity-acquired
food packaging company and a frozen food company.
Mr. Weaver holds a Bachelor of Science degree in business
administration from Cal State University,
Northridge, and a Master of Arts in spiritual psychology
from University of Santa Monica.
Masa Higashida, NuZee's CEO, commented, "Randy's extensive
experience both as a financial officer in a public company, and
within the CPG, and in particular, food packaging space equip him
with a solid understanding of our business model. We look forward
to collaborating with him in helping drive NuZee forward as we
continue to grow rapidly within the market."
Mr. Weaver added, "I am thrilled to join the NuZee team and am
genuinely excited about the innovations the company is spearheading
in the single-serve coffee market. Working with such a
dedicated group of professionals, I am committed to extending our
impact in the market and enhancing shareholder value."
To learn more about NuZee and its innovative solutions,
visit mynuzee.com.
About NuZee Coffee
NuZee, Inc., (Nasdaq: NUZE), is a leading co-packing company for
single-serve coffee formats that partners with companies to help
them expand within the single-serve and private label coffee
category. Providing end-to-end innovative and sustainable solutions
with the flexibility and capacity for both small roasters and large
global brands, NuZee is revolutionizing the way single-serve coffee
is enjoyed in the U.S. Through the brand's unique process, NuZee
fulfills every aspect of co-packing needs, from sourcing, roasting
and blending, to packing and packaging.
Forward-looking Statements
This press release
contains forward-looking statements that are made pursuant to the
safe harbor provisions within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. NuZee cautions you
that such statements are simply predictions and actual events or
results may differ materially. These statements reflect NuZee's
current expectations and NuZee does not undertake to update or
revise these forward-looking statements, even if experience or
future changes make it clear that any projected results expressed
or implied in this or other NuZee statements will not be realized.
Further, these statements involve risks and uncertainties, many of
which are beyond NuZee's control, which could cause actual results
to differ materially from the forward-looking statements. These
risks and uncertainties, many of which are beyond our control,
include: NuZee's plan to obtain funding for its operations,
including funding necessary to develop, manufacture and
commercialize its products; the impact to NuZee's business from
COVID 19 global crisis; general market acceptance of and demand for
NuZee's products; and NuZee's commercialization, marketing and
manufacturing capabilities and strategy; for description of
additional factors that may cause NuZee's actual results,
performance or expectations to differ from any forward looking
statements, please review the information set forth in the 'Risk
Factors' and " Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of the NuZee's public
reports and NuZee's other filings made with the SEC.
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SOURCE NuZee, Inc.