TORONTO, Nov. 13, 2018 /CNW/ - Newstrike Brands
Ltd. (TSX-V:HIP) ("Newstrike" or the
"Company") today announced the appointment of Sean Byrne as Chief Financial Officer, effective
immediately.
"Sean brings a wealth of strategic industry, regulatory and
public company experience from the consumer-packaged goods,
agricultural products, and beverage alcohol industries that we
believe can help accelerate our progression as a brand-focused
licensed producer in a highly regulated market," said Jay Wilgar, CEO of Newstrike. "His proven track
record in senior financial roles at publicly-traded companies will
complement our management team as we take Newstrike into the next
phase of growth."
"We have all the ingredients to succeed with a compelling brand
in Up Cannabis, supply agreements in five provinces and a
best-in-class cultivation operation. I'm excited to join the team
and look forward to executing our strategy," added Sean Byrne.
Mr. Byrne's career spans over 25 years in senior financial
management roles. Most recently, Mr. Byrne was CFO at TSX listed
Brick Brewing Limited Co., the largest Canadian-owned brewer in
Ontario. He has also held senior
finance positions at several NASDAQ and NYSE listed companies
including RR Donnelly Canada, Thermo Fisher Scientific, The Scotts
Company and Monsanto Corp Inc. Mr. Byrne holds a Master of Business
Administration from Heriot Watt
University, Edinburgh Business School and is a CPA, CMA.
Mr. Byrne succeeds Jason Redman
who will be stepping down from the position. Added Mr. Wilgar: "On
behalf of Newstrike and the Board of Directors, I want to thank
Jason for his contributions in maturing the business and taking the
company through the opening of the legal cannabis market."
About Newstrike and Up Cannabis
Newstrike is the parent company of Up Cannabis, a licensed
producer of cannabis that is licensed to both cultivate and sell
cannabis in all acceptable forms. Newstrike, through Up Cannabis
and together with select strategic partners, including Canada's iconic musicians The Tragically Hip,
is developing a diverse network of high-quality cannabis brands.
For more information, visit http://www.up.ca
or http://www.newstrike.ca.
Forward-Looking Information
This news release contains forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Newstrike to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Accordingly, readers
should not place undue reliance on the forward-looking statements
and information contained in this press release. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this news release are made
as of the date of this release and, accordingly, are subject to
change after such date.
Newstrike does not assume any obligation to update or revise any
forward-looking statements, whether written or oral, that may be
made from time to time by us or on our behalf, except as required
by applicable law.
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 Newstrike Brands Ltd.