Dhaliwal brings his leadership in farming,
regulatory and distribution experience with Overwaitea, Safeway and
Costco to Pontus. Rahimi is an experienced public company board
member. Yuen moves to the role of Founder to work on key business
initiatives.
VANCOUVER, BC, March 21,
2022 /CNW/ - Pontus Protein Ltd. (TSXV: HULK) (OTCQB:
HLKKF) (FSE: 8YC) ("Pontus" or the "Company") is
pleased to announce the appointment of Mr. Avtar Dhaliwal as Chief Executive Officer and
Mr. Mohsen Rahimi to the board as an
independent board member, replacing Mr. Connor Yuen who will be moving to the position
of founder. In his role as founder, Mr. Yuen will continue to work
with the company on key business development initiatives and help
transition the leadership while Mr Dhaliwal will be responsible for
day-to-day operations. Mr. Yuen will also be stepping down from the
Board of Directors.
Avtar Dhaliwal has been appointed
as interim Chief Executive Officer of Pontus Protein Ltd effective
immediately. He joined the Pontus board on March 7, 2022. Dhaliwal 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, as CEO of Modern Meat,
Mr. Dhaliwal has been instrumental in navigating Modern Meat
through compliance and regulatory hurdles of listing products and
distributing with Costco and other large-scale distributors.
Mohsen Rahimi studied at the
University of British Columbia in the
highly regarded department of food, nutrition and health. There he
developed an extensive knowledge in the field of health and systems
management. Mr Rahimi currently serves as an independent director
on multiple publicly traded companies ranging from the vegan,
health, and technology sector. He further has experience in
commercial retail and international import and export holding
positions at Kowsar Holdings and Tin95 Holdings, which are both
private investment firms. Mr. Rahimi also holds vast retail
knowledge, growing existing health product chains and implementing
state of the art technology platforms to provide superior customer
care to maximize sales in multiple locations that generate millions
in gross revenue per annum, while simultaneously operating an
active on-line ecommerce business. He brings the expertise to grow
and expand product distribution within local and international
markets for products in the health field through online offerings
and software distribution.
About Pontus Protein Ltd.
This is our future – the future of farming; Pontus Protein Ltd.
is a Vancouver-based agricultural
food and technology company focused on creating and acquiring the
best technology. Highly sophisticated, AI-engineered robots,
combined with our proprietary vertical farming and a commitment to
sustainability. Our intellectual property optimizes efficiency for
a shorter growing time and high productivity. We deliver healthy,
affordable foods and nutrients into every diet in a closed,
controlled environment avoiding all pesticides and GMOs.
Pontus Protein is publicly traded in Canada (TSXV: HULK), the United States (OTCQB: HLKKF) and
Germany (FSE: 8YC) and you can
find out more on our SEDAR profile.
Learn more about Pontus: Website | Investor Page | LinkedIn |
YouTube | Twitter
On behalf of the Board of Directors
"Avtar Dhaliwal"
Avtar Dhaliwal, 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.
