Wealthcraft Capital Inc. Announces the Appointment of New Management
September 19 2018 - 8:30AM
InvestorsHub NewsWire
Wealthcraft Capital Inc.
Announces the Appointment of New Management
LOS ANGELES,
CA -- September 19, 2018 -- InvestorsHub NewsWire
-- Wealthcraft Capital Inc. (OTC
PINK: WCCP) ("Wealthcraft" or the "Company") is pleased to
announce the appointment of John MacPhail as CEO and Robert Wilson
as President, effective immediately. Both Mr. MacPhail and Mr.
Wilson will also be appointed to the new Board of Directors that
the Company expects to announce in the near future.
Mr. MacPhail has 30 years of
experience in the investment banking industry, having worked at
several Canadian investment dealers, including as CEO of a national
dealer that he joined during the 2008 economic crisis and later
successfully sold to another large Canadian investment dealer. As
an investment banker, Mr. MacPhail has been involved in raising in
excess of $2 billion dollars for a broad range of companies across
various sectors, with a particular focus on healthcare. Most
recently, he was CEO of I-5 Holdings Ltd. ("I-5"), a Canadian
company with holdings in the US medical cannabis sector. I-5 was
sold earlier this year Captor Capital Inc. (CSE:CPTR), a
Canadian-listed investment company. Mr. MacPhail also sits on the
boards of several other public companies and has been involved with
numerous non-profit organizations.
Mr. Wilson has a 30-year career
in investment management and investment banking, with a particular
focus on M&A, corporate governance and corporate management.
During his career, Mr. Wilson has held senior positions in
investment banking at BMO Nesbitt Burns, First Marathon Securities,
Yorkton Securities and Research Capital. Mr. Wilson has also
managed investment portfolios at a major Canadian venture capital
firm as well as at a subordinated debt fund that he co-founded in
2014. Most recently, Mr. Wilson held senior positions at two
publicly-listed cannabis companies, where he was responsible for
corporate finance and M&A. Over his career, Mr. Wilson has held
board seats and senior executive positions at six public companies
listed on the CSE, TSX and TSXV exchanges.
"We are extremely pleased to
welcome John and Robert to Wealthcraft and believe that their
vision of making the Company a leader in the wellness space will
create significant shareholder value," said Adam Sexton, current
CEO of Wealthcraft. "I look forward to working with our new
leadership team in my role as director during this transition
period," added Sexton.
About
Wealthcraft:
Wealthcraft Capital is focused
on acquiring private companies that have a focus on the improvement
of physiological and psychological wellness. The Company intends to
acquire controlling interests in businesses that have products and
brands that can be introduced to new markets such as patient-based
facilities and clinics. Through education and feedback from these
markets, the Company plans to assemble the data necessary for
further product development and clinical research.
This Press Release contains
certain "forward-looking statements" [as such term is defined in
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act")]. These statements reflect our current expectations
regarding our possible future results of operations, performance,
and achievements. Wherever possible, the Company has tried to
identify these forward-looking statements by using words such as
"anticipate," "believe," "estimate," "expect," "plan," "intend,"
and similar expressions. These statements reflect our current
beliefs and are based on information currently available to us.
Accordingly, these statements are subject to certain risks,
uncertainties, and contingencies, which could cause our actual
results, performance, or achievements to differ materially from
those expressed in, or implied by, such statements. Further, the
safe harbor provisions of the Exchange Act may not apply to an
issuer that issues penny stock. These statements speak only as of
the date of this press release. Actual results may differ
materially from those indicated by such forward- looking statements
as a result of various important factors. The Company does not
assume any obligation to update any forward- looking statements to
reflect events or circumstances after the date of this Press
Release except as required by applicable law.
Source:
Wealthcraft Capital, Inc.
adam.sexton@wealthcraftcapital.com
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