TORONTO, May 23, 2019 /CNW/ - GreenSpace Brands
(TSXV:JTR) ("GreenSpace") today announced that Stuart Pasternak has been hired as CFO of
GreenSpace Brands, effective May 27,
2019. During his 30 year career, Mr. Pasternak has held
senior finance and operations positions in both public and private
companies of all sizes, including holding the titles of CFO, VP
Business Development and Interim General Manager over the last 10
years of his career.
Mr. Pasternak is a CPA, CA and holds a Bachelor of Commerce
degree from the University of Toronto
and a Certificate in Cash Management from the University of North Carolina. He is a frequent
speaker on CFO related issues and the prior Treasurer of the
Alzheimer's society of York Region.
GreenSpace would like to thank Cindy
Leung, interim CFO, for her excellent leadership in the role
during this transition period. The CFO appointment is subject to
TSXV approval.
About Greenspace
GreenSpace is a Canadian-based value added accelerator of
natural products brands. Our brands feature premium natural food
products available to consumers across North America. GreenSpace owns Life Choices,
convenience meat products made with grass fed and pasture raised
meats without the use of added hormones and antibiotics,
Love Child, a producer of 100%
organic food for infants and toddlers made with the purest, natural
and most nutritionally-rich ingredients, Central Roast, a clean
snacking brand featuring a wide assortment of nut and seed mixes,
Cedar, the leaders in the Canadian Cold Press Juice category and Go
Veggie, one of the leaders in the US plant based cheese market. All
brands are wholly owned and retail in a variety of natural and mass
retail grocery locations across Canada and the
United States.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. Management
of the Emblem and GreenSpace (collectively, the "Companies")
believe the expectations reflected in such forward-looking
statements are reasonable as of the date hereof but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
Various material factors and assumptions are typically applied in
drawing conclusions or making the forecasts or projections set out
in forward-looking statements. . The forward-looking statements in
this release are based on certain assumptions and involve known and
unknown risks and uncertainties and other factors that could cause
actual events to differ materially from current assumptions and
expectations, including, but not limited to, that: the conditions
to the completion of the investments and supply agreement
contemplated herein will be satisfied, the investments and supply
agreement contemplated herein will be completed on the terms
substantially described in this release, that applicable
regulatory, exchange and third party approvals will for the
transactions described herein will be obtained, and that customers
will respond positively to the Companies' new product lines. Those
material factors and assumptions are based on information currently
available to the Companies, including data from publicly available
governmental sources as well as from market research and industry
analysis and on assumptions based on data and knowledge of this
industry which the Companies believe to be reasonable. However,
although generally indicative of relative market positions, market
shares and performance characteristics, such data is inherently
imprecise. While the Companies are not aware of any misstatement
regarding any industry or government data presented herein, the
anticipated recreational cannabis industry involves risks and
uncertainties and is subject to change based on various
factors.
Forward-looking statements are not a guarantee of future
performance and are subject to and involve a number of known and
unknown risks and uncertainties, many of which are beyond the
control of the Companies, which may cause actual performance and
results to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to, the risks identified in GreenSpace's March 31, 2018 Management's Discussion and
Analysis, which have been filed with the Canadian Securities
Administrators and available on www.sedar.com. Any forward-looking
statements are made as of the date hereof and, except as required
by law, the Companies assume no obligation to publicly update or
revise such statements to reflect new information, subsequent or
otherwise.
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this Press
release.
SOURCE GreenSpace Brands Inc.