Vancouver, British Columbia, March 14, 2019 – Organic Flower Investments Group Inc. (“OFIG” or the “Company”) announces that effective March 13, 2019 the following board and management changes have occurred to reflect the continued evolution and development of the Company as it works to further its investment mandate:
- Mr. Joel Dumaresq, currently a member of the board of directors, has been appointed as Chief Executive Officer of the Company following the resignation of Mr. John Martin as Chief Executive Officer. Mr. Martin will remain with the Company as a Director;
- Ms. Tracy Packwood has resigned as Chief Financial Officer and a Director of the Company; and
- Mr. Brendan Purdy has been appointed to the Company’s board of directors.
The Company has commenced a search for a new Chief Financial Officer.
Mr. Dumarsq brings 30 years experience in the financial sector, holding financial and investment management roles with RBC Dominion Securities, and was a managing director of Vancouver‐based private equity and merchant banking firm Matrix Partners Inc for 12 years.
Mr. Dumaresq has extensive operational and senior management experience in the forestry, mining and energy spaces. He is presently an advisor to and an investor in, a range of Cannabis and CBD‐related businesses.
Mr. Purdy is a practicing securities lawyer focused on the resource and technology sectors. In his private practice, he has developed extensive experience with respect to public companies, capital markets, mergers and acquisitions and other facets fundamental to the natural resources, technology, and cannabis industries.
Prior to receiving his J.D. from the University of Ottawa, Mr. Purdy completed a Bachelor of Management and Organizational Studies degree from the University of Western Ontario, majoring in finance and administration. Mr. Purdy has served as director and chief executive officer of several private and public companies.
“These changes to the board and management team further strengthen and propel the Company as it expands upon its investment focus on the Cannabis space,” commented Theo van der Linde, Director of the Company.
On behalf of the shareholders, the board of directors wish to thank Ms. Packwood for her service and wish her success in her other endeavours.
For further information, please contact:
Organic Flower Investments Group Inc.
Theo van der Linde, Director
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Forward Looking Statements
This news release contains certain forward‐looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward‐looking information and/or statements. Forward‐looking statements and/or information are based on a number of material factors, expectations and/or assumptions of the Company which have been used to develop such statements and/or information but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward‐looking statements and/or information are reasonable, undue reliance should not be placed on forward‐looking statements as the Company can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: execution of a definitive agreement and receipt of all applicable regulatory and shareholder approvals to complete the Acquisition; satisfaction of conditions precedent to the completion of the Acquisition and other matters disclosed in the continuous disclosure filings of the Company from time to time. The forward‐looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward‐looking information and/or statements including, without limitation: risks associated with the uncertainty of obtaining all applicable regulatory and shareholder approvals and satisfying other conditions of closing and/or certain other risks detailed from time‐to‐time in the Company’s public disclosure documents (including, without limitation, those risks identified in this news release and the Company’s’s current management’s discussion and analysis). Furthermore, the forward‐looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward‐looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.