VANCOUVER, BC, Oct. 9, 2020 /CNW/ - Harvest One Cannabis Inc.
("Harvest One" or the "Company") (TSXV: HVT)
(OTCQX: HRVOF) announced today a number of management and Board
changes as the Company nears completion of its Strategic Review
process and takes further steps to rightsize its organizational
structure. Having led the Company through its Strategic Review,
Andy Bayfield will transition to the
Board of Directors from his role as Interim Chief Executive Officer
and Gord Davey has been appointed as President and Interim Chief
Executive Officer of the Company.
Mr. Davey has more than 20 years' experience in the
consumer-packaged goods industry, having successfully led CPG teams
and product launches at Coca-Cola, Red
Bull and Puratos. Gord previously held the position of
General Manager of Dream Water and LivRelief business units and has
been an integral part of the Company's leadership team since
joining Harvest One in 2018.
As Interim CEO, Mr. Davey has also been appointed as a member of
the Board of Directors, and Mr. Bayfield will remain on the Board
and continue to support Harvest One as it transitions to become a
cannabis-focused Consumer Packaged Goods ("CPG") company. In
addition, Peter Wall, Chairman of
MMJ Group Holdings limited ("MMJ"), Harvest One's largest
shareholder, will step down from the Board effective September 30, 2020. MMJ has made a decision to
not have its officers serve on investee company boards and has
requested instead the right to have Observer status, which the
Company has granted. Mr. Wall will continue to serve as the
Non-Executive Chairman of MMJ.
The Company also announced the resignation of Deb Milimaka
Miles from her role as Chief Administration Officer and Chief
People Officer.
Frank Holler, Executive Chairman
of the Company, stated: "I would like to thank Peter Wall and Andy
Bayfield for their contributions to the Company as we worked
to transition Harvest One into a lean, cannabis-focused CPG
company. I am pleased that Andy will continue to contribute his
expertise and experience as a Director. Gord Davey is an ideal
replacement given his substantial CPG experience with worldwide
brands and his intimate knowledge of the Company's consumer
division. Finally, I would also like to thank Deb Milimaka Miles
for her services, in particular her work with the Special Committee
in divesting a number of non-core assets."
About Harvest One
Harvest One is a cannabis-focused CPG company that develops,
markets and sells innovative selfcare products with a market focus
on sleep, pain, and anxiety. Harvest One is a uniquely positioned
company in the cannabis space with a focus on infused and
non-infused consumer packaged goods. Harvest One owns and operates
three subsidiaries; Satipharm (medical and
nutraceutical); Dream Water Global, and
Delivra (consumer). For more information, please
visit www.harvestone.com.
Cautionary Note Regarding Forward-Looking Statements
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 Company's current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. The forward-looking
information contained in this press release is made as of the date
hereof, and the Company is 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Harvest One Cannabis Inc.