MONTRÉAL, April 3, 2019 /CNW
Telbec/ - LGC Capital Ltd. (TSXV: LG) (OTCQB: LGGCF)
("LGC")
LGC CAPITAL announces four new additions to the executive
team. LGC Chief Operating Officer, Remy di Meglio, together with both John McMullen and Mazen
Haddad, has assembled this team bringing over 90 year's
experience with British American Tobacco and Monsanto to
LGC. To lead the team, Mazen
Haddad will remain as Co-Chairman and take on the additional
role of CEO. John McMullen
will assume the role as President and Mark
Shinners of Arlington Capital will take on the role of CFO.
We would like to thank the outgoing CFO Anthony Samaha for his years of service to LGC
helping to grow LGC.
Mazen Haddad stated, "The new
additions to our team at LGC have already begun to work on
integrating LGC's investments to extract the economies of scale due
to geographic diversity and mobilizing a full product range to
serve our customers throughout Europe, Canada and Australia. This team brings over 90 years of
experience from leading global companies like British American
Tobacco, Monsanto, WPP and CNN. With a keen understanding of
how to grow and handle global supply chains and distribution on a
large scale, brand building and consumer intelligence, regulatory
legislation and financial governance, they will bring the
discipline and rigor required to build LGC into a leading player in
the cannabis market. John McMullen will move into the role of
President focusing his efforts on various part of LGC's corporate
development and working with our banking partners and developing
LGC's public investor base."
Richard Widmann 51, EVP
Commercial, joins LGC with over 15 years of experience
across 4 continents with British American Tobacco (BAT) business
operations in Europe and
South Africa and Americas most
recently serving as Area Managing Director South Central Europe, a
top 5 market for BAT. In this role, Richard achieved in excess of
250 million Euros in profit, managed
major acquisitions in Central
Europe and realized significant brand growth in South Africa. Richard will lead the commercial
strategy and build-up of a pan European Hemp/Cannabis enterprise.
He will also provide operational direction and will provide
and oversight to LGC's partners. Currently he has been assigned to
further develop Easyjoint's distribution and corporate development
to stay on track for its growth plans.
Mervyn Koenen
44, VP Commercial Finance, brings 18 years of
managing commercial finance, internal audit and strategic
planning, supporting leadership teams to achieve operational
targets and managing strategic agendas. His experience includes
international, strategic and multi-disciplinary projects resulting
in delivering sustainable profit growth. Mervyn will drive the
financial and strategic agenda for LGC's European investees in the
expanding market for legal cannabis and CBD derivative products. He
will support LGC partners in building sustainable and reliable
financial forecasts, lead corporate governance, with procedural
performance tracking, and build accounting and supply chain systems
to assist subsidiaries with growth demands.
Jeanne van Wyk 50, VP
Communications, brings 26 years of global marketing experience
on both client and agency side, most recently as Strategic Planning
Director for the WPP advertising group servicing British American
Tobacco across Europe. Jeanne has
a background in legal studies followed by a successful career in
journalism, notably with CNN in Africa & Global for 5 years. Jeanne will
design and manage the strategic development and positioning of our
brand portfolios, marketing, communications and consumer insights
for LGC starting with EasyJoint.
Alistair Hide 51, VP
Corporate and Regulatory Affairs, joins LGC with over 25
years of business experience and corporate regulatory affairs. For
the last 5 years, he held the position of Corporate Affairs
Director, Europe, Middle East, and Africa with Monsanto International. This
role encompassed government affairs, communications and wider
stakeholder relations for Monsanto's agricultural businesses.
He also brings over 18 years of experience with BAT, most recently
as Head of Corporate and Regulatory Affairs, Western Europe Region.
Alistair will be navigating the ever changing regulations of this
new and evolving industry, allowing LGC to understand the legal
requirements and directing LGC to ensure its products are compliant
with all regulations in the various markets. In his corporate
communications capacity, he will work with regulators to develop a
sustainable industry framework.
Mark Shinners, 41, Chief
Financial Officer, joins LGC with over 17 year's
experience in various senior operational and financial advisory
roles spanning across a number of industry sectors including IT,
construction, renewable energy and manufacturing. Having trained as
a chartered accountant at PwC, Mark went on to hold leadership
positions in assurance, corporate finance and financial advisory,
providing financial, commercial and strategic advice to
multinational companies. Mark served as financial director at
Hewlett Packard (Services) in the Middle
East and CFO at Chinook Urban Mining Limited, a UK based
renewable energy development company. Mark is currently a Director
at Arlington Capital. Mark is a Chartered Accountant (ACA), has a
Bachelor of Business Studies degree (BBS), a Masters in Accounting
& Finance (Macc), a Master of Business Administration (MBA) and
is a Chartered Waste Manager.
Mazen Haddad 46,
CEO brings over 20 years of experience building companies
from the early stage, most of his experience has been in the
venture capital space ranging from technology companies both in the
US and Canada to real estate and
mining. Furthermore, his family business relationships have
brought the association of former BAT executives to LGC.
"At the request of our new investors, Arlington Capital, I am
proud to take on this new role of direct management of LGC now that
we have acquired our core positions in the companies such
Trichomed, Global Canna Labs, Evolution and Little Green Pharma,
LGC has formidable growing capacity and a diversity of strains and
licensed operators that few other companies have.
Furthermore, the associations with Easyjoint and Viridi bring both
a wide ranging catalog of finished products from consumables
to cosmetics and the serious ability to distribute such products
through Easyjoint's retail and online presence. We will continue to
seek companies with finished products that give consumers access to
wellness products they demand. It is my sincere belief that
both with Arlington Capital`s support and our newly added operating
team LGC will be able to accelerate the development of our
portfolio of companies and integrate their efforts to achieve their
full potential."
About LGC Capital:
Through its partners and assuming pending transactions under
review by the TSXV are approved, LGC presently will have interests
in over 450,000 square feet of planted cannabis in Jamaica, Switzerland, Italy, and Australia. That is expected to increase to
over 2,100,000 square feet by 2021, as its portfolio companies
execute their expansion plans, in addition to the anticipated
licensing of Tricho-Med's operations in Quebec, Canada.
LGC partners currently sell cannabis products in over 1,000
points of sale across Switzerland
and Italy under the ONE Premium
Cannabis and EasyJoint brands as well as medical cannabis oils in
Australia under the Little Green
Pharma brand. LGC's partners' branded products are available in a
variety of formats including dry cannabis flower, tinctures, oils,
seeds, and beverages.
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE LGC Capital Ltd