John Radostits
brings extensive background in retail operations to deep
team
CALGARY, May 30, 2019
/CNW/ - Westleaf Inc. (TSX-V:WL)(OTCQB:WSLFF)
("Westleaf") is pleased to announce the appointment of
John Radostits of Edmonton to the Board of Directors of the
Company. Mr. Radostits comes to Westleaf with a distinguished
career in retail operations as well as more recent experience in
developing cannabis retail in Canada's legalized recreational market.
"John's presence at the Board table will increase our senior
leadership capacity, particularly around operating large-scale
retail operations in multiple locations," said Stephen Mason, Founder and Executive Chairman of
Westleaf. "His experience in Western
Canada complements the operational experience of the already
deep Westleaf team."
Mr. Radostits has a deep knowledge and background in scaling
fast growth businesses in the retail space, having built the
largest franchisee group under the Sobey's banner in Canada, before selling it back to the national
grocery giant. He is a part owner of Hudson's Taphouse, a chain of gastropubs
across Western Canada and is a
founding partner and director of the largest Orange Theory Fitness
group in Canada. John is also a
founding partner and director in Cannabis At Work, Canada's leading staffing firm focused on the
cannabis market.
In addition, Mr. Radostits and his partner Ray Yue, built out a network of cannabis retail
operations through Canndara Canada Inc. Canndara's portfolio was
acquired by Westleaf in a transaction that closed at the end of
January 2019. John continues to
operate the Radco Group of companies which includes Fireweed
Holdings, an investment vehicle targeting the emerging global
cannabis market.
John received a BCOMM from the University
of Calgary and holds an ICD.D designation from the Institute
of Corporate Directors. Mr. Radostits is the sixth member of the
Westleaf board, joining Chairman Stephen
Mason, CEO Scott Hurd,
Delbert Wapass and independent
members Robb McNaughton and
Kareen Stangherlin.
About Westleaf Inc.
Westleaf is a vertically integrated cannabis company focused on
innovative retail experiences and engaging cannabis brands as well
as cultivation, production and extraction of cannabis products.
Westleaf is rolling out a national retail footprint for its retail
concept Prairie Records, with stores planned for
British Columbia, Alberta, Saskatchewan and potentially Ontario. The retail concept leverages the
instinctual tie between recreational cannabis and music and
redefines the cannabis purchasing experience. The Company also has
two significant production facilities under construction and
scheduled for completion in 2019. For more information, please
visit www.westleaf.com or www.prairierecords.ca.
Neither 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
Cautionary Statements
This news release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"budget", "scheduled", "forecasts", "estimates", "believes" or
"intends" or variations of such words and phrases or stating that
certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. In this news release, forward-looking statements relate
to, among other things, retail cannabis stores that Westleaf plans
to open and the timing and completion of Westleaf's production
facilities. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are
not limited to: risks relating to the ability to obtain or maintain
licences to retail cannabis products; review of Westleaf's
production facilities by Health Canada and receipt of licences from
Health Canada in respect thereof; future legislative and regulatory
developments involving cannabis; inability to access sufficient
capital from internal and external sources, and/or inability to
access sufficient capital on favourable terms; the labour market
generally and the ability to access, hire and retain employees;
general business, economic, competitive, political and social
uncertainties; the satisfaction of conditions precedent under
Westleaf's credit facilities; timing and completion of construction
of Westleaf's production facilities and retail locations; and the
delay or failure to receive board, ATB Financial or regulatory
approvals, as applicable. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
news release. Except as required by law, Westleaf assume no
obligation to update the forward-looking statements of beliefs,
opinions, projections, or other factors, should they change, except
as required by law.
SOURCE Westleaf Inc.