VANCOUVER, Oct. 31, 2019 /CNW/ - Geyser Brands Inc.
(formerly Kanzen Capital Corp.) (TSX-V: GYSR) ("Geyser
Brands" or the "Company) is pleased to announce the
appointments of advertising legend, Mr. Frank Palmer, Mr. Carlo
Valente, a senior finance, capital markets and M&A
expert, and Mr. Timothy Murphy, an
international lawyer and business executive as Independent
Directors, effective October 30,
2019.
Mr. Frank Palmer is one of the
advertising community's most respected leaders and humanitarians.
Mr. Palmer founded and led DDB Canada for over 50 years growing it
into an industry powerhouse. Today, DDB Canada remains the
country's most creatively acclaimed, internationally recognized
marketing communications agency that changed the face of Canadian
advertising.
In recognition of his outstanding contributions to the industry,
Mr. Palmer was inducted into the Canadian Marketing Hall of Legends
by the American Marketing Association and is a recipient of the
Association of Canadian Advertisers' prestigious Gold Medal
Award.
Frank Palmer commented, "I am
thrilled to join the Geyser Brands Board and help bring their
present and future brands to life and take them to the next level.
Health and wellness is rapidly changing and evolving, and is front
of mind for all demographics. I look forward to contributing and
supporting Geyser Brands in their endeavor to service this growing
sector."
Mr. Carlo Valente is a seasoned
finance professional with over twenty years of international
business expertise in M&A, capital markets, finance and
accounting, and corporate advisory experience ranging from start-up
companies to large, multinational corporations.
Mr. Valente held successive roles at PwC from 1997 to 2012 where
he ultimately held the position of Managing Director of PwC's
Transaction Services group. During his tenure, Mr. Valente oversaw
more than 100 M&A and divesture
mandates in North America and
Europe that involved assignments
for some of the world's largest private equity firms, pension
funds, and corporations. Carlo currently serves as the Executive VP
of Business Development for a boutique merchant bank where he has
also been the Chief Financial Officer for six different publicly
listed and private companies and has been directly involved in more
than C$200 million in financings.
Mr. Valente is a Canadian CPA and obtained a BBA from
Simon Fraser University.
Mr. Timothy Murphy is an
experienced business executive and international lawyer. As a
lawyer, Mr. Murphy has over 15 years of experience advising growth
companies, including strategy, corporate finance, capital markets,
M&A and governance. He sits on numerous boards as both a
Director and Advisory Director and also has functional operational
experience as a Chief Executive Officer.
"Bringing the caliber of these individuals to our board and
forming a majority independent Board of Directors is a significant
milestone for Geyser Brands. We look forward to working with our
new board members, having their expertise elevate everything that
we do at Geyser Brands", commented Geyser Brands Chairman,
Brad Kersch. "As we begin to execute
and deliver on growing our existing brands, and partner with other
in-market brands, we continue to focus on the health and wellness
space with the vision of adding cannabis to the mainstream, to make
the everyday better," he added.
The Company announces that, pursuant to its stock option plan,
it has granted a further 200,000 stock options to certain directors
to purchase common shares in the capital of the Company at an
exercise price of $0.41 per share,
expiring on October 31, 2024.
All option grants are subject to approval of the TSX Venture
Exchange.
About Geyser Brands
Geyser Brands Inc. is a consumer health and wellness company
operating within the Canadian cannabis industry. Geyser's
proprietary delivery technologies include all natural
nano-technology, slow-release mechanisms, and non-molecule
degrading baking processes. The Company provides expertise from
conceptual innovation to manufacturing and end-use distribution.
Geyser owns a suite of several brands within the consumer-packaged
goods market that are offered nationwide at many recognized
retailers. Geyser Brands owns a Health Canada approved
Licensed Production facility and operates 15,000 sqft of
manufacturing space in two GMP facilities near Vancouver, BC.
For more information, visit Geyser Brands' website at
www.geyserbrands.com.
On Behalf of the Board of Directors
"Andreas Thatcher"
____________________________________
Andreas Thatcher
Director and CEO
andreas@geyserinc.ca
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PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
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DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE
EXEMPTION FROM REGISTRATION REQUIREMENTS.
This news release contains forward‐looking
statements and forward‐looking information within the
meaning of applicable securities laws. These statements relate to
future events or future performance. All statements other than
statements of historical fact may be forward‐looking
statements or information. Forward‐looking statements
and information are often, but not always, identified by the use of
words such as "appear", "seek", "anticipate", "plan", "continue",
"estimate", "approximate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for
the purpose of providing information about the current expectations
and plans of management of the Company relating to the future.
Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as
making investment decisions. Since forward‐looking
statements and information address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include,
but are not limited to, the risks associated with the marijuana
industry in general such as operational risks in growing;
competition; incorrect assessment of the value and potential
benefits of various transactions; ability to access sufficient
capital from internal and external sources; failure to obtain
required regulatory and other approvals and changes in legislation,
including but not limited to tax laws and government regulations.
Accordingly, readers should not place undue reliance on the
forward‐looking statements, timelines and information
contained in this news release. Readers are cautioned that the
foregoing list of factors is not exhaustive. Additional
information relating to Geyser is available
at www.sedar.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Geyser Brands Inc.