/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES/
TORONTO, March 13, 2019 /CNW/ - Lift & Co. Corp.
("Lift & Co." or the "Company") (TSXV: LIFT) is pleased to
announce the appointment of Ms. Kasia
Malz, CPA, CA, CPA (IL), MAcc, to the position of Chief
Financial Officer ("CFO"), effective March
18, 2019. Ms. Malz will succeed Mr. Craig Hudson.
Ms. Malz is a proven financial leader and strategic planner with
a strong track record in acquisitions, negotiation and due
diligence, compliance and risk management, investor relations, and
the development and monitoring of control systems.
Most recently and over the past five years, Ms. Malz was Chief
Financial Officer at Titanium Transportation Group Inc.
("Titanium"), a publicly traded North American transportation and
logistics company. During her tenure as CFO, Titanium grew to
approximately 600 employees and contractors, five offices and
$185 million in revenue. To date,
Titanium has completed 10 acquisitions and has been ranked by
Growth 500 as one of Canada's
Fastest-Growing Companies for ten consecutive years, of which Ms.
Malz played an integral role in numerous acquisitions for the
company to help drive growth. Prior to Titanium, Ms. Malz was a
manager at Williams & Partners Chartered Accountants LLP since
2006. She holds her Bachelor of Mathematics and Master of
Accounting from the University of
Waterloo.
"We are excited to welcome Ms. Malz to the team as we enter an
accelerated stage of growth at Lift & Co.," said Matei Olaru, CEO of Lift & Co. "Ms. Malz
brings years of public markets and strategic experience in a CFO
capacity along with a proven track record of driving shareholder
value through strategic M&A transactions. As we begin to expand
our operations beyond Canada, we
are confident that Ms. Malz's unique skillset will help accelerate
our leadership position in Canada
and worldwide."
"I am thrilled to be joining the exceptional and visionary team
at Lift & Co. that has continued to entrench its first-mover
advantage in this fast-growing industry," said Kasia Malz. "I look forward to being part of the
next phase of the Company's evolution and driving financial
strategies to create enhanced shareholder value."
Lift & Co. has also announced that effective March 18, 2019, Mr. Craig
Hudson will be leaving the company to pursue other
endeavors. Stu Miller, Chair of the
Board of Directors of Lift & Co., said, "Craig has played an
important role in the development of our Company as a leading
cannabis technology company and was a key contributor to our
successful launch as a public company last year. On behalf of
everyone at Lift & Co., I would like to express my sincere
appreciation to Craig for his service to the Company."
Grant of options
In connection with the appointment of Ms. Malz, the Company will
grant an aggregate of 205,000 stock options on March 18, 2019. The options will vest in equal
annual instalments over 36 months and expire after 10 years. The
options will have an exercise price based on the market value per
share at business close on March 15,
2019.
In addition, the Company has granted an aggregate of 263,157
stock options today to Lift & Co. Chief Revenue Officer,
Jon Kamin. The options have an
exercise price of $0.57, will vest in
equal annual instalments over 36 months and will expire after 10
years.
The option grants are governed by the terms and conditions of
the Company's stock option plan and remain subject to the
acceptance of the TSX Venture Exchange.
About Lift & Co.
Lift & Co. (TSXV: LIFT) is a
publicly traded technology company modernizing the cannabis
industry.
Forward-looking statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Although the Company has attempted to identify important
factors that could cause actual results, performance or
achievements to differ materially from those contained in the
forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated,
estimated or intended.
There can be no assurance that such forward-looking
statements will prove to be accurate or that management's
expectations or estimates of future developments, circumstances or
results will materialize. Accordingly, readers should not place
undue reliance on forward-looking statements. The forward-looking
statements in this news release are made as of the date of this
release. The Company disclaims any intention or obligation to
update or revise such information, except as required by applicable
law, and the Company does not assume any liability for disclosure
relating to any other company mentioned herein.
SOURCE Lift & Co. Corp.