World News: 18:30 GMT Wednesday 11th July 2018. [Biome Grow via Globe Newswire via SPi World News]
TORONTO, July 11, 2018 (GLOBE NEWSWIRE) -- Biome Grow (“Biome”) announced today that Steven Poirier, former President of Moosehead Breweries Ltd. and a Senior Executive in Canada’s alcohol beverage industry, has been appointed as a Director to the Board of Directors of Biome effective immediately.
As President of Moosehead Breweries, Mr. Poirier oversaw the company’s three operating divisions. Moosehead Breweries is the third largest brewery in Canada and holds the largest share of the beer market in New Brunswick. More recently, Mr. Poirier was Senior Vice President of Sales with Arterra Wines Canada (formerly Constellation Brands), the world leader in premium wine that also dominates the Canadian wine segment. Prior to Constellation, Mr. Poirier served as Vice President-General Manager with Treasury Wine Estates, the third largest wine company in the world and the second largest imported wine company in Canada.
“Biome is excited to have Steven join our Board of Directors. His relationships across Atlantic Canada and his pan-Canadian alcohol beverage marketing and distributing expertise is second to none,” said Khurram Malik, President and CEO of Biome Grow. “And, as we have seen from Constellation’s strategic investment in the sector, Steven’s industry relationships and expertise position Biome well to capitalize on the potential investments we expect to see from other large alcohol beverage players.”
In addition to leading sales, distribution and market growth across the alcohol beverage sector, Mr. Poirier has also led marketing and new product development in the retail, food service, paper and financial sectors. He has worked with well-known brands, including McCain Foods, F.B.M. Distillery (Bacardi Rum) and Royal Trust, where he has successfully launched new products, boosted corporate profitability and earnings, and grown market share and sales volumes.
“I am honoured to join Biome’s Board of Directors and share my perspectives from the alcohol beverage industry in support of Biome’s continued growth across Atlantic Canada and the country,” said Steven Poirier. “Biome is becoming a leader in the Canadian cannabis space and I am looking forward to bringing my experiences and insights to the table.”
Mr. Poirier holds his Master of Business Administration (Finance and Marketing) from York University and his Bachelor of Commerce from Concordia University.
Biome entered into an amalgamation agreement dated April 25, 2018 (the “Amalgamation Agreement”) with Orca Touchscreen Technologies Ltd. (“Orca”) (CSE:OAA), pursuant to which 1151856 B.C. Ltd., a wholly-owned subsidiary of Orca, will acquire all of the issued and outstanding securities of Biome by way of a three-cornered amalgamation transaction (the “Transaction”). A copy of the Amalgamation Agreement and a press release announcing the Transaction can be found on .
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, among other things, a failure to obtain or delays in obtaining the required regulatory licenses, permits, or approvals, changes to legislation, changes in cannabis research or the general public’s perception of cannabis, crop failure, labour disputes, increases in labour and/or construction costs, rising energy costs, an inability to access financing as needed and a general economic downturn. These forward-looking statements speak only as of the date on which they are made, and Biome, or any of its subsidiaries undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Globe Newswire: 18:30 GMT Wednesday 11th July 2018
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