VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- Quadron Cannatech Corporation (the “Company” or “Quadron”) – (CSE:QCC) is pleased to announce the appointment of Leo Chamberland as President of the Company.
Mr. Chamberland, a co-founder of Soma Labs Scientific Inc. (a Quadron subsidiary), is taking an active management role as Quadron expands its operations in the cannabis sector. Leo is a successful entrepreneur bringing over 30-years of finance, strategic business development and operational experience, working with both private and publicly listed companies. Rosy Mondin will continue as the Company’s CEO, working closely with Mr. Chamberland and the Quadron board to develop the strategic operation plans, and growth strategies of the Company.
“Leo brings extensive senior leadership and finance expertise to Quadron,” states Rosy Mondin. “His skills in negotiation and strategic development will enable us to leverage partnerships to accelerate expansion. Mr. Chamberland’s appointment is timely as the Company matures and we drive Quadron’s growth in both new and existing markets by developing and executing national and international sales and operational strategies.”
Mr. Chamberland added, “I am excited to join the management team of this progressive and dynamic company. As we embark upon our next stage of growth, it is our mission to solidify Quadron’s position as a cannabis industry leader through an aggressive growth strategy, synergistic acquisitions, and the introduction of additional product lines for the global marketplace.”
The Company further announces that it has granted a total of 3,305,000 incentive stock options to certain directors, officers, consultants and employees of the Company. The options have an exercise price of $0.40 per share and expire March 9, 2023.
About Quadron: Quadron focuses on ancillary equipment, products and services for the authorized cannabis industry by providing a full array of end-to-end extraction and processing solutions including sales of end user delivery options (such as vapor pens) for recreational and medical consumers.
For more information, visit: www.quadroncannatech.com
On behalf of the Board of Directors of
QUADRON CANNATECH CORPORATION
President and CEO
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, including with respect to the scheduled closing date of the Offering and the intended use of the proceeds of the Offering, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Source: Quadron Cannatech