Board Change • Jul 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Interim CEO, Interim CFO & Director David Jenkins is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Nov 01
EGF Theramed Health Corp. (CNSX:TMED) entered into a Letter of Intent to acquire Nanaimo Dispensary from Kiaro Holdings Corp. (TSXV:KO) for CAD 0.12 million. EGF Theramed Health Corp. (CNSX:TMED) entered into a Letter of Intent to acquire Nanaimo Dispensary from Kiaro Holdings Corp. (TSXV:KO) for CAD 0.12 million on February 8, 2023. As for consideration, EGF will purchase all the issued and outstanding capital stock of Kiaro from the Vendors for up to CAD 0.1 million in cash. During the year ended June 30, 2023, the Company advanced CAD 0.02 million as deposit in relation to this proposed transaction. Tillkännagivande • Jan 20
Kiaro Holdings Corp., Annual General Meeting, Mar 15, 2023 Kiaro Holdings Corp., Annual General Meeting, Mar 15, 2023. Reported Earnings • Jan 01
Third quarter 2023 earnings released: CA$0.25 loss per share (vs CA$0.069 loss in 3Q 2022) Third quarter 2023 results: CA$0.25 loss per share (further deteriorated from CA$0.069 loss in 3Q 2022). Revenue: CA$5.74m (down 23% from 3Q 2022). Net loss: CA$6.92m (loss widened CA$5.84m from 3Q 2022). Tillkännagivande • Nov 25
Kiaro Holdings Corp. Announces Executive Changes Kiaro Holdings Corp. announced that subject to the approval of the TSX Venture Exchange, the Company has appointed Mr. Mohsen Rahimi to its Board of Directors effective as of November 22, 2022. Mr. David Bentil resigned as of November 22, 2022. The Company thanks Mr. Bentil for his services. Mohsen Rahimi studied at the University of British Columbia in the department of food, nutrition and health. There he developed an extensive knowledge in the field of health and systems management. Mr. Rahimi currently serves as an independent director on multiple publicly traded companies ranging from the vegan, health, and technology sector. He further has experience in commercial retail and international import and export holding positions at Kowsar Holdings and Tin95 Holdings, which are both private investment firms. Mr. Rahimi also holds retail knowledge, growing existing health product chains and implementing technology platforms to provide superior customer care to maximize sales in multiple locations that generate millions in gross revenue per annum, while simultaneously operating an active on-line ecommerce business. He brings the expertise to grow and expand product distribution within local and international markets for products in the health field through online offerings and software distribution. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Kelly Abbott is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Oct 27
Kiaro Holdings Corp. announced that it has received CAD 0.5 million in funding On October 26, 2022, Kiaro Holdings Corp. closed the transaction. Tillkännagivande • Oct 04
Kiaro Holdings Corp. announced that it expects to receive CAD 0.5 million in funding Kiaro Holdings Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on October 3, 2022. Each unit will comprise one common share and one common share purchase warrant of the company. Each warrant will be exercisable into a common share of the company for a period of 24 months at an exercise price of CAD 0.05 for 24 months from issuance. Reported Earnings • Sep 30
Second quarter 2023 earnings released: CA$0.055 loss per share (vs CA$0.10 loss in 2Q 2022) Second quarter 2023 results: CA$0.055 loss per share. Revenue: CA$10.5m (up 69% from 2Q 2022). Net loss: CA$1.47m (loss widened 38% from 2Q 2022). Tillkännagivande • Sep 22
1371511 B.C. Ltd. acquired National Cannabis Distribution Inc. from Kiaro Holdings Corp. (TSXV:KO) for CAD 1.5 million. 1371511 B.C. Ltd. acquired National Cannabis Distribution Inc. from Kiaro Holdings Corp. (TSXV:KO) for CAD 1.5 million on September 15, 2022. In consideration for the Shares, the Purchaser will pay CAD 0.5 million in cash on closing. Under the Transaction, the Purchaser has further agreed to pay KBI an earn-out payment of up to CAD 1 million.
1371511 B.C. Ltd. completed the acquisition of National Cannabis Distribution Inc. from Kiaro Holdings Corp. (TSXV:KO) on September 15, 2022. Tillkännagivande • Aug 23
Kiaro Holdings Corp. Announces Board Changes Kiaro Holdings Corp. announced the resignation of Konstantin Abuladze from the board of directors. Additionally, the Company would like to announce the appointment of Mr. Usama Chaudhry to the Board of Directors. Mr. Chaudhry is an experienced businessman who sits on several public company boards and specializes in executive management services, including corporate development, investor relations, financial reporting, company filings, budgeting, and overseeing corporate governance, while achieving company objectives and maintaining internal cost controls. Mr. Chaudhry holds a Bachelor of Commerce with a major in accounting from the University of Northern British Columbia. Based in Vancouver, British Columbia, Kiaro is an independent, omni-channel cannabis retailer and distributor. Through existing storefronts across British Columbia, Saskatchewan, and Ontario, and with the completion of the recent acquisition of Hemisphere Cannabis from Aegis Brands, Kiaro has 17 stores with another two expected in the fourth quarter of this fiscal year. This is in addition to its wholesale distribution division servicing Saskatchewan, and ecommerce sites in Canada, the US and Australia. Kiaro is driven to introduce new and experienced consumers to a lifelong exploration of cannabis. With more than 70 years of collective retail and wholesale focused experience, Kiaro's leadership team has a proven track record of executing on acquisitions and financings, and moreover growing brands across North America. The Company plans to continue its growth trajectory through its consumer-centric retail, ecommerce, and wholesale distribution segments over the coming years. Board Change • Aug 01
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Chairman ( Medical Leave of Absence) Daniel Petrov is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Jul 28
Kiaro Holdings Corp. Announces Resignation of Shawn Graham, Steven Pelton, Herrick Lau and Kelly Abbott from the Board of Directors Kiaro Holdings Corp. announced the resignation of Shawn Graham, Steven Pelton, Herrick Lau from the board of directors effective as of July 25th, 2022 and Kelly Abbott effective as of July 26th, 2022. Tillkännagivande • Jul 23
Kiaro Holdings Corp. Appoints Jatinder Dhaliwal to Board of Directors Kiaro Holdings Corp. announced that subject to the approval of the TSX Venture Exchange (the " TSXV "), the Company has appointed Mr. Jatinder Dhaliwal to its Board of Directors (the "Appointment") effective as of July21, 2022. Mr. Jatinder Dhaliwal is a registered pharmacist, and has significant capital markets experience. Mr. Dhaliwal holds a Bachelor of Pharmacy from the University of British Columbia and a Bachelor of Science inBiology from the University of Victoria. He has served as CEO and director of multiple publicly traded cannabis companies. He has served as a director of a licensed producer and extractor. He has extensive knowledge inagricultural, medical and pharmaceutical operations. Mr. Dhaliwal is well versed in the cannabis market from seed to sale from cultivating, extracting, manufacturing, and distributing and quality control of cannabisflower, oils, and concentrates. Mr. Dhaliwal is a certified medical cannabis practitioner. He has overseen operations of numerous retail and commercial operations and implemented various health protocols and technologyadvances into health and wellness chains. Tillkännagivande • Jul 08
Kiaro Holdings Corp. Appoints Konstantin Abuladze to its Board of Directors Kiaro Holdings Corp. announced that subject to the approval of the TSX Venture Exchange, the Company has appointed Mr. Konstantin Abuladze to its Board of Directors (the " Appointment ") effective as of July 7th, 2022. Konstantin Abuladze is a Kazakh-born Canadian entrepreneur and former multinational oil and gas director. Mr. Abuladze has spent several years advancing the promise of medical cannabis in Canada, and abroad. His expertise in cannabis regulations, licensing, and production have propelled him into a sought-after thought leader in both the CIS region and internationally. Reported Earnings • Jul 01
First quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.005 loss in 1Q 2022) First quarter 2023 results: CA$0.007 loss per share (down from CA$0.005 loss in 1Q 2022). Revenue: CA$9.16m (up 77% from 1Q 2022). Net loss: CA$1.86m (loss widened 90% from 1Q 2022). Tillkännagivande • Jun 29
Kiaro Holdings Corp. Announces the Resignation of Janet Hoffer as Director of the Company and Directorships of Applicable Company Subsidiaries Kiaro Holdings Corp. announced that the company would like to clarify its announcement on May 27, 2022 that Ms. Janet Hoffer not only resigned her role as Chief Financial Officer of the Company, but also resigned as a Director of the Company and directorships of applicable Company subsidiaries. Tillkännagivande • Jun 25
Kiaro Appoints Kelly Abbott to Board of Directors Kiaro Holdings Corp. has appointed Mr. Kelly Abbott to its Board of Directors (the " Appointment ") effective as of June 24, 2022. Kelly has over 10 years of experience in entrepreneurship and has founded multiple companies ranging in size and industry. Kelly has extensive experience in public markets and has helped secure millions of dollars in capital in private and public sectors. Kelly's expertise is in marketing, corporate strategy, venture capital and business development. He has overseen the corporate development function of various private and public companies within the mining and resource, technology, cannabis and psychedelic sectors. Tillkännagivande • May 29
Kiaro Holdings Corp. Announces Changes of Board Kiaro Holdings Corp. announced the resignation of Mr. Colin Davis and Mr. Mark Crocker from its Board of Directors effective immediately. Reported Earnings • May 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CA$0.042 loss per share (up from CA$0.083 loss in FY 2021). Revenue: CA$26.9m (up 58% from FY 2021). Net loss: CA$9.19m (loss narrowed 1.6% from FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 300%. Over the next year, revenue is forecast to grow 54%, compared to a 15% growth forecast for the retail industry in Canada. Tillkännagivande • May 28
Kiaro Holdings Corp. Announces Executive Changes Kiaro Holdings Corp. announced the departure of Janet Hoffar, Kiaro's CFO. During her 2 years as CFO of Kiaro, Janet has guided the Company through a period of high growth and significant transformation. Kiaro welcomes the appointment of Anand Sundararajan as the Interim CFO effective upon Janet's departure. Anand has experience as a business partner, M&A advisor and financial reporting expert through his industry and consulting roles spanning across retail, consumer packaged goods and technology. He honed his skills working with public companies at MNP in their public company practice and has acted in an interim CFO capacity for multiple ventures. He brings strong organisational leadership with a disciplined and collaborative approach to financial controls and financial planning & analysis. He has been involved with equity and debt financings, having participated in more than $50M through 10 transactions. Price Target Changed • Apr 27
Price target decreased to CA$0.21 Down from CA$0.23, the current price target is provided by 1 analyst. New target price is 367% above last closing price of CA$0.045. Stock is down 63% over the past year. The company is forecast to post a net loss per share of CA$0.01 next year compared to a net loss per share of CA$0.083 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. CEO & Chairman Daniel Petrov is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 20
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: CA$0.007 loss per share (up from CA$0.03 loss in 3Q 2021). Revenue: CA$7.48m (up 44% from 3Q 2021). Net loss: CA$1.08m (loss narrowed 63% from 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 74%, compared to a 18% growth forecast for the industry in Canada. Reported Earnings • Oct 02
Second quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.02 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: CA$6.19m (up 55% from 2Q 2021). Net loss: CA$1.06m (loss narrowed 26% from 2Q 2021). Tillkännagivande • Sep 29
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG). Kiaro Holdings Corp. (TSXV:KO) entered into a strategic transaction to acquire Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG) on July 12, 2021. In consideration for 100% of Hemisphere’s common shares, Kiaro will issue 61,300,000 common shares to Aegis (having a current value of CAD 7,900,863, based on the five-day volume weighted average price of Kiaro’s common shares), plus 6,700,000 common share purchase warrants. Kiaro will issue an additional 6,700,000 shares to Aegis upon the achievement of certain commercial milestones during the first year following closing. Upon completion of the sale transaction, Aegis will hold approximately 25% of Kiaro’s common shares and will be Kiaro’s largest individual shareholder. It is anticipated that, subject to receipt of all regulatory and other applicable approvals, but not limited to, the Alcohol and Gaming Commission of Ontario and TSX Venture Exchange approval, approval of Kiaro shareholders and the satisfaction of certain other closing conditions customary in transactions of this nature. Aegis’ Chief Executive Officer Steven Pelton will join the Kiaro Board of Directors at closing. In connection with the transaction, Jen Juby, Vice President of Operations at Hemisphere, will join the Kiaro team as Vice President of Retail. Jen Juby will contribute to the integration of of the Hemisphere stores and will use her expertise to continue the implementation of the retail experience. Following completion of the transaction, Kiaro will operate 16 cannabis retail locations in multiple Canadian provinces and an expected 18 locations by the end of Q1 2022. As of September 13, 2021, Shareholders of Kiaro Holdings approved the transaction. The Transaction is expected to complete in September 2021. Kronos Capital Partners is acting as financial advisor to Aegis in collaboration with Haywood Securities as financial advisor to Kiaro. John Connon of Goodmans LLP acted as legal advisor to Aegis Brands Inc. Jonathan O’Connor of MLT Aikins LLP acted as legal advisor to Kiaro Holdings Corp.
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG) on September 27, 2021. Tillkännagivande • Jul 14
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Sculthorp SEO Inc. Kiaro Holdings Corp. (TSXV:KO) entered into an agreement to acquire Sculthorp SEO Inc. for $1.35 million on May 28, 2021. As part of consideration, Kiaro Holdings will pay a total cash price of $1.35 million will be settled by $0.85 million in common shares of Kiaro, and $0.5 million in cash, subject to a $50,000 holdback and customary adjustments. Christian Sculthorp, founder and Chief Executive Officer of Cozy Cannabis, will join the Kiaro team as Director of eCommerce for a minimum period of six months. Mr. Sculthorp will oversee the integration of the eCommerce sites into the Kiaro Holdings. The transaction is subject to applicable regulatory approvals including, but not limited to, the Alcohol and Gaming Commission of Ontario and TSX Venture Exchange approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The transaction is expected to close in July 2021.
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Sculthorp SEO Inc. on July 12, 2021. The Transaction is subject to the final approval of the TSX Venture Exchange. Reported Earnings • Jun 29
First quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.039 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: CA$5.17m (up 94% from 1Q 2021). Net loss: CA$979.9k (loss narrowed 74% from 1Q 2021). Tillkännagivande • Jun 01
Kiaro Holdings Corp. (TSXV:KO) entered into an agreement to acquire Sculthorp SEO Inc. for $1.35 million. Kiaro Holdings Corp. (TSXV:KO) entered into an agreement to acquire Sculthorp SEO Inc. for $1.35 million on May 31, 2021. As part of consideration, Kiaro Holdings will pay a total cash price of $1.35 million will be settled by $0.85 million in common shares of Kiaro, and $0.5 million in cash, subject to a $50,000 holdback and customary adjustments. Christian Sculthorp, founder and Chief Executive Officer of Cozy Cannabis, will join the Kiaro team as Director of eCommerce for a minimum period of six months. Mr. Sculthorp will oversee the integration of the eCommerce sites into the Kiaro Holdings. The transaction is subject to applicable regulatory approvals including, but not limited to, the Alcohol and Gaming Commission of Ontario and TSX Venture Exchange approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The transaction is expected to close in July 2021. Recent Insider Transactions • May 21
CEO & Chairman recently bought CA$115k worth of stock On the 13th of May, Daniel Petrov bought around 1m shares on-market at roughly CA$0.12 per share. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of CA$288k worth in shares. Tillkännagivande • May 05
Kiaro Holdings Corp. (TSXV:KO) acquired cannabis retail location in Kelowna, British Columbia. Kiaro Holdings Corp. (TSXV:KO) acquired cannabis retail location in Kelowna, British Columbia on March 25, 2021.
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of cannabis retail location in Kelowna, British Columbia on March 25, 2021. Tillkännagivande • Mar 17
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Certain Assets of Grasshopper Cannabis Inc. Kiaro Holdings Corp. (TSXV:KO) signed a definitive agreement to acquire Certain Assets of Grasshopper Cannabis Inc. for CAD 0.7 million on February 23, 2021. Under the terms of the Asset Purchase Agreement and subject to the satisfaction of the conditions therein, the Vendor will receive CAD 0.695 million in cash upon closing. The new proposed retail location is located two blocks from Kelowna City Park and Hot Sands Beach at 1650 Pandosy Street, Kelowna, BC, V1Y 1P7 (the "Subject Location"). Kiaro's retail development strategy is anchored in a philosophy of community integration and this acquisition, located in the Pandosy/Leon corridor, is a positive move for downtown Kelowna. The transaction is expected to close on or about March 15, 2021.
Kiaro Holdings Corp. (TSXV:KO) completed the acquisition of Certain Assets of Grasshopper Cannabis Inc. on March 16, 2021. Daniel Petrov, Chief Executive Officer of Kiaro Holdings Corp stated to join Downtown Kelowna and anticipate bringing a positive contribution. Tillkännagivande • Mar 12
Kiaro Holdings Corp. announced that it has received CAD 3 million in funding On March 11, 2021, Kiaro Holdings Corp. (TSXV:KO) closed the transaction. All securities issued pursuant to the transaction are subject to four month hold period expiring July 12, 2021. Tillkännagivande • Feb 24
Kiaro Holdings Corp. (TSXV:KO) signed a definitive agreement to acquire Certain Assets of Grasshopper Cannabis Inc. for CAD 0.7 million. Kiaro Holdings Corp. (TSXV:KO) signed a definitive agreement to acquire Certain Assets of Grasshopper Cannabis Inc. for CAD 0.7 million on February 23, 2021. Under the terms of the Asset Purchase Agreement and subject to the satisfaction of the conditions therein, the Vendor will receive CAD 0.695 million in cash upon closing. The new proposed retail location is located two blocks from Kelowna City Park and Hot Sands Beach at 1650 Pandosy Street, Kelowna, BC, V1Y 1P7 (the "Subject Location"). Kiaro's retail development strategy is anchored in a philosophy of community integration and this acquisition, located in the Pandosy/Leon corridor, is a positive move for downtown Kelowna. The transaction is expected to close on or about March 15, 2021. Tillkännagivande • Feb 13
Kiaro Holdings Corp. announced that it expects to receive CAD 3 million in funding Kiaro Holdings Corp. (TSXV:KO) announced that it has entered into an agreement for a bought deal private placement of 18,750,000 units at a price of CAD 0.16 per units for gross proceeds of CAD 3,000,000 on February 11, 2021. Each unit will consist of one common share of the company and one half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.23 for a period of 36 months from the closing date. The company has also agreed to grant the underwriters an over-allotment option to purchase up to an additional 12,500,000 units at the issue price, exercisable in whole or in part at any time prior to the closing date. In the event the over-allotment option is exercised in full, the aggregate gross proceeds of the transaction will be CAD 5,000,000. The transaction is scheduled to close on or about March 4, 2021 and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued under the transaction will be subject to a statutory hold period of four months and one day following the closing date. Tillkännagivande • Nov 21
Kiaro Holdings Corp. Announces Successful Click & Collect Platform Rollout and Provides Corporate Update Kiaro Holdings Corp. announced that in collaboration with a Canadian cannabis accessories brand, OHAI, Kiaro to launch an exclusive holiday gift set, the Elevated Essentials Kit. The Elevated Essentials Kit will be available at Kiaro locations and OHAI website on or about November 20, 2020. As the Company continues to evaluate numerous opportunities, Kiaro remains on track with its plans to further expand its retail operations in British Columbia and enter the Ontario market. National Cannabis Distribution, Kiaro's wholesale operations, continues to focus on expanding its distribution reach and market share in Saskatchewan by working with Licensed Producers ("LPs") to create a curated list of cannabis products specifically for the Saskatchewan market's serviced retailers and their consumers. NCD's approach in its data-driven methodologies guiding product selection and its high level of service resulting in zero customer attrition rates since its acquisition in March 2019. Additionally, this resulted in an increase in the number of serviced retailers in Saskatchewan by approximately 40% since February 2020. Currently, NCD services over 60% of the licensed retailers in Saskatchewan. In an effort to meet consumer demand, as of the second quarter of fiscal year 2021, NCD has increased its cannabis 2.0 offerings by over 250% and continues to assess other LPs' cannabis product offerings to introduce to the Saskatchewan market, and add value to its serviced retailers. Tillkännagivande • Oct 29
Kiaro Holdings Corp. Announces Executive Changes Kiaro Holdings Corp. announced the promotion of its current President of Operations, Eleanor Lynch, to the position of Chief Operating Officer, effective October 28, 2020. In this role, she will be responsible for leading operations, customer experience and overall execution of the Company's plans. Ms. Lynch is a retail professional with over twenty years of retail experience, ten of which have been in senior leadership roles for various national brands. Prior to joining Kiaro in 2018, Ms. Lynch held the role of National Director of Operations for Lids Sports Group in Canada overseeing store sales and operations that included a portfolio of 145 stores across all provinces. Upon joining the company in July 2018 as Vice President of Retail, Ms. Lynch was brought on to support the team in crafting a customer experience unique to the industry. Throughout her tenure, Ms. Lynch's position has grown alongside the company's operations as they successfully expanded brick and mortar licensing across multiple provinces, increased store count, added ecommerce and omni channel capabilities, and acquired a wholesale business in Saskatchewan. Ms. Lynch will be promoted from her most recent position as President of Operations held from November 2019 to present. Ms. Lynch brings expertise in the development of retail strategies from nationwide retail footprint expansion to supporting employee engagement through a culture first strategy. With a main focus of profitability, Ms. Lynch will serve as an asset to the Company through its expansion of its retail presence across Canada. 
