CALGARY, Oct. 1, 2019 /CNW/ - SugarBud Craft Growers
Corp. (TSXV: SUGR, SUGR.WT) ("SugarBud" or the "Company") is
pleased to announce the appointment of Ms. Janice Comeau (CPA CA, ICD.D) and Mr.
Stephen Martin (J.D., LL.M, MBA) to
the board of directors of the Company effective today.
Ms. Comeau has over 30 years of strategic corporate and
financial management experience spanning a variety of industries.
Ms. Comeau has served as CFO of a number of public and private
companies, including LMS Reinforcing Steel Group and Versacold
Corporation. In 2016, Ms. Comeau was named British Columbia
CFO of the Year and she is recognized as a financial leader for
business transformation. Ms. Comeau currently serves as chair of
the board and was previously audit committee chair of the Land
Title and Survey Authority of British
Columbia. In addition to her role as a director of SugarBud,
Ms. Comeau will serve as chair of the audit committee.
"We are thrilled to welcome Janice to our board of directors. We
are confident that her experience, knowledge, perspective and
diverse skill set will prove to be an incredible asset for our
company as we advance our strategic plans," said John Kondrosky, CEO of SugarBud.
Mr. Martin is a lawyer with more than 20 years of government,
corporate and private practice experience handling proactive and
reactive compliance-related matters, including enterprise, global
and in-country risk assessments, compliance program and risk
management program enhancement; internal investigations and
remediation work and corporate monitorships. He is a
partner at an international consulting firm, where he advises
clients on all matters related to corporate compliance and
governance. Mr. Martin was previously a partner at two
international law firms, worked as in-house counsel and/or
compliance officer at three major companies and has served as
Assistant Attorney General in Missouri and Assistant United States Attorney
for the District of Columbia. Mr. Martin holds a J.D. from
Creighton University School of Law, a
LL.M with distinction from Georgetown
University Law Center and an MBA from the University of
Denver. Mr. Martin also has industry experience as a
compliance advisor to several cannabis industry companies,
including a leading Canadian-based publicly traded production and
distribution company and Integrated Compliance Solutions, a
financial compliance and merchant payment software solution.
In addition to his role as a director of SugarBud, Mr. Martin will
serve as chair of the corporate governance and compliance
committee.
"The emerging cannabis industry is rapidly evolving, highly
regulated and very complex. We believe that corporate compliance
and governance are foundational imperatives for SugarBud and
critical elements in our overall success as a business and future
industry leader. Stephen brings tremendous perspective, experience
and credibility to SugarBud in this regard and we are very pleased
to welcome him as a member of our board," said Mr. Kondrosky. "I am
confident that Stephen will make an immediate and powerful impact
as a new board member," added Mr. Kondrosky.
"SugarBud strives for best in class strategic planning,
corporate compliance, corporate governance and audit scrutiny,"
stated Dan Wilson, Chairman of the
board of directors of SugarBud. "The addition of Ms. Comeau and Mr.
Martin to the board is a significant step towards that goal and is
an attestation to the quality of the commercial business plan that
has been developed by the executive leadership team at SugarBud,
led by CEO John Kondrosky. SugarBud
will continue to identify qualified candidates to enhance the
multi-disciplinary skill set we are accumulating within our board
of directors," Mr. Wilson continued.
About SugarBud
SugarBud is a federally licensed Alberta-based publicly traded cannabis company
focused on the cultivation and production of high-quality premium
cannabis, and product leadership through the development,
production and distribution of value-added cannabis products in
Canada.
http://www.sugarbud.ca/
Forward Looking and Cautionary Statements
This news release contains forward-looking statements. More
particularly, and without limitation, this news release contains
statements concerning: SugarBud's assessment of future plans and
operations; and the appointment of new directors and committee
members of the Company. When used in this document, the words
"will," "anticipate," "believe," "estimate," "expect," "intent,"
"may," "project," "should," and similar expressions are intended to
be among the statements that identify forward-looking statements.
The forward-looking statements are founded on the basis of
expectations and assumptions made by SugarBud. Although SugarBud
believes that the expectations represented by such forward-looking
statements are reasonable, there can be no assurance that such
expectations will be realized. Any number of important factors
could cause actual results to differ materially from those in the
forward-looking statements including, but not limited to: SugarBud
may not obtain the required approvals from the TSX Venture Exchange
and other factors more fully described from time to time in the
reports and filings made by SugarBud with securities regulatory
authorities. Please refer to SugarBud's most recent annual
information form and management's discussion and analysis for
additional risk factors relating to SugarBud, which can be accessed
under SugarBud's profile on www.sedar.com.
Except as required by applicable laws, SugarBud does not
undertake any obligation to publicly update or revise any
forward-looking statements.
Neither the TSXV nor its regulation services provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE SugarBud Craft Growers Corp.