Lifeist Wellness Nominates Barbara Boyd, Proven Consumer Packaging Goods Executive (CPG), to Board of Directors
October 27 2021 - 7:00AM
Lifeist Wellness Inc. (
“Lifeist” or the
“Company”)
(TSXV: LFST) (FRANKFURT: M5BQ)
(OTCMKTS: NXTTF), a wellness company that leverages
advancements in science and technology to enable you to find your
path to wellness, today announced that Barbara Boyd, an
accomplished global finance executive with more than 20 years of
senior leadership experience within the CPG industry, has been
nominated for election to the Lifeist Board of Directors (the
“Board”). Ms. Boyd’s nomination is in replacement of current
director Andrew Wilczynski’s nomination, who has decided not to
stand for re-election to the Board at the upcoming annual
shareholder meeting to be held in Toronto on November 30,
2021. The Notice of Meeting and Management Information
Circular, outlining the meeting resolutions, has been filed on
SEDAR at www.sedar.com and is also available through the Company’s
website at www.lifeist.com.
Ms. Boyd is an accomplished global executive
with a breadth of experience in corporate strategy, finance and
enterprise risk management. She brings more than 35 years of senior
leadership experience with Diageo Plc, Pepsi Beverages Company and
KPMG, where she proved adept at building and sustaining revenue and
profit growth through innovation, new categories and consumer
experiences. She also has an established ability to develop risk
management strategy, risk appetite and tolerances to assist in the
delivery of long-lasting holistic business performance and
governance, as well as strategic M&A. She is a graduate from
University of Waterloo and a Chartered Professional Accountant.
Branden Spikes, Chairman of the Board,
commented, “Barbara is a proven and respected collaborative leader,
bringing a wealth of highly relevant experience and a passion for
driving sustainable, long-term growth. Moreover, she is a champion
of inclusion and diversity, making her an ideal cultural fit as
well. So the Board was delighted to nominate Barbara and believes
that if elected to the Board she will play a key role in validating
strategies and initiatives as Lifeist expands its focus on consumer
wellness, introducing new brands and consumer experiences. We are
excited to benefit from her substantial expertise.”
“Lifeist is ideally positioned in today’s world,
providing science-based solutions to address mental and physical
wellness, and subject to my election by shareholders, I am excited
to contribute my CPG and finance expertise to help create
sustainable paths to personal wellness and profitable corporate
growth,” added Ms. Boyd.
“Simultaneously, we thank Andrew Wilczynski for
his invaluable service to the Board and Lifeist,” added Mr. Spikes.
“Andrew joined the Board at a critical time, and his expertise in
turnarounds and strategic planning was tremendously helpful in
enabling Lifeist to reach this inflection point. As we enter the
next phase of our evolution, we are thankful for his efforts,
service, and professionalism and we wish him all the best.”
About Lifeist Wellness
Inc.Lifeist is at the forefront of the post-pandemic
wellness revolution requiring smart solutions. Lifeist is a
portfolio wellness company leveraging advancements in science and
technology to enable you to find your path to wellness. Portfolio
business units include: CannMart.com that provides Canadian medical
customers with a diverse selection of cannabis products from a
multitude of federally licensed cultivators and its U.S. customers
with access to hemp-derived CBD and smoking accessories; and
CannMart’s Canadian recreational cannabis distribution business
facilitating recreational sales to a number of provincial
government control boards. The Company is set to launch a new
nutraceuticals division in this fourth quarter of 2021 with
disruptive products in wellness.
Information on the Company and its many products
can be accessed through the links
below:www.lifeist.com www.Cannmart.com www.everyonedoesit.co.uk
Contacts
Lifeist Wellness Inc.Meni Morim, CEOMatt
Chesler, Investor RelationsPh: 647-362-0390Email:
ir@lifeist.com
Forward Looking Information
This news release contains “forward-looking
information” within the meaning of applicable securities laws. All
statements contained herein that are not historical in nature
contain forward-looking information. Forward-looking information
can be identified by words or phrases such as “may”, “expect”,
“likely”, “should”, “would”, “plan”, “anticipate”, “intend”,
“potential”, “proposed”, “estimate”, “believe” or the negative of
these terms, or other similar words, expressions and grammatical
variations thereof, or statements that certain events or conditions
“may” or “will” happen.
The forward-looking information contained
herein, including the anticipated launch of a nutraceutical
division in the fourth quarter of 2021 and Ms. Boyd’s anticipated
election to the Board are only predictions and are made as of the
date of this news release. Various assumptions were used in
developing the forward-looking information throughout this news
release which management believed to be reasonable at the time such
statements were made, including, without limitation, expectations
that the introduction of a new nutraceutical division will generate
additional revenue, Lifeist’s beliefs regarding the expected demand
for nutraceutical products and the expected growth of that market,
Lifeist’s belief that shareholders will elect Ms. Boyd to the Board
based on her credentials, experience and fit within the Company, as
well as other considerations that are believed to be appropriate in
the circumstances. While we consider these assumptions to be
reasonable based on information currently available to management,
there is no assurance that such expectations will prove to be
correct. By its nature, forward-looking information is subject to
inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved. A
variety of factors, including known and unknown risks, many of
which are beyond our control, could cause actual results to differ
materially from the forward-looking information in this press
release. Such factors include, without limitation: unforeseen
developments that would delay the Company’s ability to launch its
nutraceutical division as anticipated and in a timely manner and
the benefits realizable therefrom, and the failure of Ms. Boyd to
be elected by shareholders at the upcoming annual general meeting.
Additional risk factors can also be found in the Company’s current
MD&A and annual information form, both of which have been filed
under the Company’s SEDAR profile at www.sedar.com. Readers are
cautioned not to put undue reliance on forward-looking information.
The Company undertakes no obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement.
Neither the 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 or has in any way approved
or disapproved of the contents of this press release.
Source: Lifeist Wellness Inc.
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