Indiva Announces Appointment of New Director and Option Grant
01 3월 2021 - 9:00PM
Indiva Limited (the “
Company” or
“
Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), the leading
Canadian producer of cannabis edibles and other cannabis products,
is pleased to announce that Mr. Russell Wilson has been appointed
to the board of directors of the Company.
“We are very pleased to have Mr. Wilson join our
board of directors. Mr. Wilson’s experience with several pubic
company boards will provide an additional layer of oversight and
governance, and his involvement in the cannabis sector will prove
invaluable with respect to Indiva’s strategy going forward,” said
Niel Marotta, Chief Executive Officer of Indiva Limited.
Mr. Wilson is Vice President, Business
Development with W. Brett Wilson’s holding company Prairie Merchant
Corporation ("PMC"), a private investment company
based in Calgary, Alberta. Mr. Wilson has worked with PMC since the
fall of 2016 where he manages PMC’s portfolio of cannabis and
technology holdings, as well as participation in the company’s
extensive and diversified holdings in real estate, power/energy,
sports and agriculture. Mr. Wilson splits his time between
Brisbane, Australia and Calgary, Alberta. Mr. Wilson also
sits on the Board of Inner Spirit Holdings Ltd., a Canadian company
that has established a national network of SpiritLeaf cannabis
retail stores.
Additionally, the Company announces that its
board of directors has approved a grant of options for 150,000
common shares (the "Options") to Mr. Wilson in his
role as director of the Company pursuant to the Company's stock
option plan. The Options have an exercise price of $0.59 per share
and a term of 5 years. 50,000 Options vest immediately, 50,000
Options vest on the 12-month anniversary of the grant date and
50,000 Options vest on the 24-month anniversary of the grant date.
The grant of the Options is subject to the approval of the TSX
Venture Exchange.
ABOUT INDIVA
Indiva sets the standard for quality and
innovation in cannabis. As a Canadian licensed producer, Indiva
creates premium pre-rolls, flower, capsules, and edible products
and provides production and manufacturing services to peer
entities. In Canada, Indiva produces and distributes the
award-winning Bhang® Chocolate, Wana™ Sour Gummies, Ruby® Cannabis
Sugar, Sapphire™ Cannabis Salt, Artisan Batch, and other Powered by
INDIVA™ products through license agreements and partnerships. Click
here to connect with Indiva on LinkedIn, Instagram, Twitter and
Facebook, and here to find more information on the Company and its
products.
CONTACTSINVESTOR CONTACTAnthony
SimonePhone: 416-881-5154Email: ir@indiva.com
DISCLAIMER AND READER
ADVISORY
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has in any way passed upon
the merits of the contents of this press release and neither of the
foregoing entities accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved
of the contents of this press release.
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the parties’
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. In
particular, this release contains forward-looking information
relating to the Company's future operations, future results, future
product offerings and compliance with applicable regulations.
Various assumptions or factors are typically applied in drawing
conclusions or making the forecasts or projections set out in
forward-looking information. Those assumptions and factors are
based on information currently available to the parties. The
material factors and assumptions include the parties being able to
maintain the necessary regulatory and other third parties’
approvals and licensing and other risks associated with regulated
entities in the cannabis industry, future sales, the demand for the
Company’s products and cannabis products generally and the
continued operations of the Company in the ordinary course. The
forward-looking information contained in this release is made as of
the date hereof and the parties are not obligated to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available. Not for distribution to U.S. Newswire Services or for
dissemination in the United States. Any failure to comply with this
restriction may constitute a violation of U.S. Securities laws.
Indiva (TSXV:NDVA)
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Indiva (TSXV:NDVA)
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