VANCOUVER, BC, April 1, 2021 /CNW/ - Kiaro Holdings Corp. (TSXV:
KO) ("Kiaro" or the "Company"), an omnichannel cannabis retailer
and distributor, is pleased to announce the appointment of Mr.
Colin Davis to the Company's Board
of Directors, effective today.
Mr. Davis is a veteran of the financial services and fintech
industries and has extensive experience in FTSE 100 companies,
early-stage and high-growth enterprises, business integration and
mergers and acquisitions. In 2009, Mr. Davis co-founded Optimize
Consulting Inc., and has worked with clients across diverse
industries in the United Kingdom,
North America, Europe and Asia, helping clients to develop and implement
effective business strategies. Known as an expert corporate
strategist, Mr. Davis has worked extensively with companies poised
for scale and rapid growth.
"On behalf of the Board of Directors of Kiaro, we are very
pleased to welcome Colin to the Kiaro Board. He has extensive
business and financial experience, particularly in mergers and
acquisitions and business integration. He will be an excellent
addition to our Board and we look forward to his contributions,''
commented Kiaro's Chairman of the Board Daniel Petrov.
Mr. Davis stated, "I am pleased to become a member of the Board
of Directors at one of Canada's
preeminent cannabis retail companies. Kiaro has grown swiftly over
the past year, and I continue to see a tremendous growth
opportunity going forward to leverage the Company's unique
strengths to expand its footprint across Canada."
Grant of Options
On April 1, 2021 (the "Grant
Date"), the Company granted an aggregate of 2,000,000 incentive
stock options ("Options") to the Board of Directors. The Options
are exercisable for a period of ten years at an exercise price of
$0.20 per common share and will vest
25% every three months from the Grant Date till fully vested.
The issuance of Options, as contemplated in this news release,
is subject to the terms of the Company's incentive stock option
plan and TSX Venture Exchange (TSXV") approval.
In addition, the Company has engaged Airvision for retail
consulting services.
About Kiaro Holdings Corp.
Based in Vancouver, British
Columbia, Kiaro is an independent, omni-channel cannabis
retailer and distributor. Through existing storefronts across
British Columbia and Saskatchewan, a wholesale distribution
division servicing Saskatchewan
and plans for national expansion, Kiaro is driven to introduce new
and experienced consumers to a lifelong exploration of cannabis.
With more than 40 years of collective retail-focused experience,
Kiaro's leadership team has a proven track record of growing retail
brands across North America and
plans to open multiple retail locations nationwide over the coming
years.
Forward-Looking Information
This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information may
include, among others, statements regarding the future plans,
costs, objectives or performance of Kiaro, or the assumptions
underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and
the negative form thereof are used to identify forward-looking
statements. In this news release, forward-looking statements
relate, among other things, to: proposed retail expansion plans and
management's ability to execute on same, overall growth of the
Canadian cannabis market and retail opportunities, and the award of
new operating permits and licenses in various jurisdictions.
Forward-looking statements should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any
events anticipated by the forward-looking information will
transpire or occur. Forward-looking information is based on
information available at the time and/or management's good-faith
belief with respect to future events and are subject to known or
unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond Kiaro's control. These risks,
uncertainties and assumptions include, but are not limited to,
those described in Kiaro Filing Statement dated September 29, 2020, a copy of which is available
on SEDAR at www.sedar.com, and could cause actual events or results
to differ materially from those projected in any forward-looking
statements. Furthermore, any forward looking information with
respect to future expansion plans is subject to the qualification
that management of Kiaro may decide, and the assumptions that any
construction or conversion would not be cost prohibitive, required
permits will be obtained and the labour, materials and equipment
necessary to complete such construction or conversion will be
available. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
news release. Kiaro does not intend, nor undertake any obligation,
to update or revise any forward-looking information contained in
this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable
laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For more information, visit: investors.kiaro.com.
SOURCE Kiaro Holdings Corp.