TORONTO, March 24, 2020 /CNW/ - Meta Growth
Corp. (TSXV: META) ("Meta Growth", "META" or the
"Company"), Canada's largest
publicly traded recreational cannabis retailer by
revenue1, today announced the appointment of
Christopher Brawn as an independent
director, effective March 23,
2020. Mr. Brawn will also serve as a member of the Company's
Audit Committee.
Mr. Brawn brings over 30 years of real estate experience to Meta
Growth, including 15 years as Vice President of Real Estate at
Dollarama Inc. He is currently Principal of AEffective Real
Estate Limited. Mr. Brawn obtained his HBA and MBA from the
Ivey Business School at Western
University.
"We are very excited to have Chris join our Board at this
important stage as META prepares to expand into the Ontario market," said Mark Goliger, CEO of Meta Growth. "As a
retailer, accumulating a strategic real estate portfolio is one of
our key success factors. Having spent 15 years at Dollarama,
a leading retailer with over 1,000 stores in Canada, Chris brings a wealth of knowledge in
both real estate and retail. His insights, relationships, and
experience will be invaluable as we embark on our growth
phase."
Mr. Brawn replaces Rocco
Meliambro who resigned as a member of the Company's Board of
Directors effective March 23,
2020. Mr. Meliambro was a director since August 2017, and played an instrumental role in
assisting the Company with its fundraising initiatives.
Having recently closed $21 million in
gross financing, META is well positioned to execute on its growth
strategy. As such, Mr. Meliambro thought this was the right
time to resign from the Board in order to make room for directors
who could contribute to the Company's success from an operational
perspective. META thanks Mr. Meliambro for his contributions
and wishes him success with his other endeavours.
The Company also announces that in accordance with the
Restricted Share Unit Award Plan of the Company dated
February 19, 2020 (the "RSU
Plan"), it has granted an aggregate of 3,964,601 Restricted Share
Units ("RSU") to officers, directors, and key employees of the
Company, with vesting on March 23,
2021. Each vested RSU entitles the holder to receive one
common share of the Company. As of the date of this
news release, the Company has 3,964,601 common shares reserved
for issuance under the RSU Plan.
About Meta Growth
Meta Growth is a leader in secure, safe and responsible access
to legal recreational cannabis in Canada. Through its Canada-wide network of Meta Cannabis Co.™,
Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational
cannabis retail stores, Meta Growth enables the public to gain
knowledgeable access to Canada's
network of authorized Licensed Producers of cannabis. Meta Growth
is listed on the TSX Venture Exchange under the symbol (TSXV:
META).
For more information on Meta Growth, visit:
metagrowth.com
Neither the 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.
1 New Cannabis Ventures, Public
Cannabis Company Revenue & Income Tracker. Canada's largest publicly traded cannabis
retailer by revenue.
SOURCE National Access Cannabis Corp d/b/a Meta Growth