VANCOUVER, British Columbia, Dec. 28, 2018 (GLOBE NEWSWIRE) -- Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) ("Auxly" or the "Company") is pleased to announce the appointment of Genevieve Young and Jean-Paul Gaillard as independent members of its board of directors, effective immediately. Following the appointments, Auxly’s board will consist of five members, three of whom are independent from the Company. The newly appointed board members add a significant amount of depth to the board and bring complementary skill sets to Auxly.
Genevieve Young is the President and Chief Operating Officer of Global Public Affairs, Canada’s leading privately held strategic communications and government advocacy consultancy representing some of Canada’s largest and most dynamic organizations. Genevieve has two decades of experience in public affairs, leading national mandates and campaigns across jurisdictions and managing multiple stakeholders, government(s) and media. Genevieve’s focus has expanded to the emerging cannabis industry as the executive champion of Global Public Affairs’ Cannabis team guiding the practice as they rapidly scale to meet market and service evolution demand. Genevieve is responsible for all Global Public Affairs’ corporate functions, driving an aggressive growth trajectory across all existing and potential markets, practice and service lines. She holds a Bachelor of Arts in Canadian Politics and an MBA from the Smith School of Business at Queen’s University.
Jean-Paul Gaillard is a seasoned executive with more than 30 years of experience leading large organizations as Chief Executive Officer. Most recently, Jean-Paul was the Founder, Chairman and CEO of Ethical Coffee Company where he was instrumental in turning the single serve-coffee from a monopoly into a free-market, effectively launching the fastest growing segment in the food and beverages sector. Prior to Ethical Coffee, Jean-Paul was the CEO of Mövenpick Foods where he was responsible for the successful reorganization and sale of the company to Nestlé. In addition, Jean-Paul spent 10 years as the CEO of Nespresso based in their global headquarters in Switzerland where he created and implemented the business model that has made Nespresso a world-renowned brand. Jean-Paul completed his studies in Business Administration at the University of California, Los Angeles in addition to the Lemania School of Business, Lausanne.
Chuck Rifici, Chairman and Chief Executive Officer commented: "We are incredibly pleased to see that Auxly's stature and success in the cannabis industry continues to attract high caliber professionals. Both Genevieve and Jean-Paul are highly regarded executives that bring a wealth of knowledge across a broad spectrum that is highly complementary to Auxly’s objective of becoming a dominant international vertically integrated cannabis company. On behalf of the board of directors, we would like to welcome Genevieve and Jean-Paul to the Auxly family and look forward to their contributions."
The Company also announces that it has accepted the resignation of Mr. Brandon Boddy as a director of the Company’s board of directors. The Company wishes to thank Mr. Boddy for his dedicated service as a founding board member and wishes him every success in his future endeavours.
"I am grateful to have been a part of this organization from the beginning and to have watched Auxly grow from a concept on paper to a vertically integrated cannabis company with a significant presence in the Canadian cannabis market and abroad. I wish the Auxly team and its partners much success in the future," said Brandon Boddy.
ON BEHALF OF THE AUXLY BOARD
"Chuck Rifici" Chairman & CEO
About Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF)
Auxly is a vertically integrated cannabis company with diverse operations across Canada and Uruguay. The company was formed with the primary intent of providing financing solutions to cannabis licence applicants, and has evolved into a platform spanning the entire cannabis value chain. Auxly’s management believes that a vertically integrated model, adapted for the cannabis space, allows for substantive control over its operations through increased operational flexibility, economic resiliency and improved product margin dynamics in an effort to create long term shareholder value. Auxly currently operates three distinct, yet synergistic, segments:
• Upstream – Auxly’s diverse cannabis cultivation platform across its streaming partners, joint ventures and wholly-owned subsidiaries;
• Midstream – Auxly’s processing and development platform focused on the development of proprietary cannabis-derived products and related intellectual property to address consumer needs through its wholly-owned subsidiary, Dosecann; and
• Downstream – Auxly’s medical, recreational and international distribution platform.
For more information about investing in Auxly Cannabis Group Inc., please visit: http://www.auxly.com or contact our Investor Relations Team:
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Notice Regarding Forward Looking Information:
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: the Company’s ability to successfully expand domestic and international operations and obtain new investment opportunities. There can be no assurance that the Company will realize the anticipated benefits from the Company’s business model.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
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