Canadian
Cannabis Stock News: Worldwide Marijuana (CSE: $WWM) Announces Management &
Board Changes
VANCOUVER, BRITISH COLUMBIA - April
13, 2017 (Investorideas.com Newswire) Worldwide Marijuana Inc.
(CSE:WWM)(CSE:WWM.CN) the "Company" or "Worldwide") is
pleased to announce the appointment of a new management team to spearhead the
recapitalization and reorganization of the Company.
Incoming directors and officer
appointments effective April 10, 2017 are as follows:
- President & Chief
Executive Officer (CEO) - Mr. Robert van Santen, CPA, CA, CMT
- Chief Financial Officer (CFO)
- Ms. Annie Storey, CPA, CA
Mr. Robert Marsh, former President
and CEO of the Company, has resigned his executive appointments but will remain
as a director to provide guidance and continuity to the new management team.
The directors of the Company are therefore Rob van Santen, Annie Storey, and
Bob Marsh.
The immediate objective is to bring
the Company's required filings up to date under National Instrument 51-102 of
the Canadian Securities Administrators, which includes the audited annual
financial statements with accompanying MD&A and Officer Certificates as at
and for the years ended October 31, 2015 and 2016. After completion of these
filings, the Company will re-apply to meet all the initial listing requirements
of the Canadian Securities Exchange by way of a new Listing Application as a
Life Sciences Issuer.
Mr. van Santen has over 30 years of
investment industry and financing experience, providing financial and
intellectual capital to both private business and the public markets. He began
his career in 1986 as an Investment Advisor with Burns Fry (now BMO Nesbitt
Burns), was recognized as "Broker of the Year" in 1994, and left the
industry as a Senior VP to establish family-controlled venture capital,
merchant, and investment banking operations. Mr. van Santen is currently
Managing Director of Agilis Capital Corp., CIO at Westland Capital Advisors
S.A., and Chairman and CEO of Valens GroWorks Corp., a publicly-traded
cannabis-focused company integrating an end-to-end global "plants to
premium products" bioscience platform. Rob holds a Bachelor of Commerce
degree in organizational behavior from Concordia University, Chartered
Accountant, Chartered Professional Accountant, and Chartered Market
Technician's designations, as well as certifications that include the Canadian
Securities Institute's CSC (Honours), CPC (Honours), PDO and the OLC.
Ms. Storey brings over 25 years of
diverse financial reporting and management experience, including seventeen
years in public practice in the areas of audit, accounting, and quality control
with national (MNP) and international (KPMG) financial consulting and advisory
firms. As a public company audit partner, she navigated complex regulatory
environments to meet cross-border reporting requirements. Ms. Storey holds Chartered
Accountant and Chartered Professional Accountant designations, has held
teaching positions with the BCIT and the CA School of Business, and CFO and
director positions with several publicly traded companies. Ms. Storey earned a
Bachelor of Business Administration degree from Simon Fraser University with
majors in finance and international business, and is a member of the Institute
of Chartered Accountants of B.C.'s Practice Review & Licensing Committee,
the Canadian Institute of Chartered Accountants' Practitioners' Technical
Advisory Committee, and regularly participates on boards of non-profit
organizations.
"I welcome this opportunity to
join Bob and Annie on the Board, and to apply corporate reorganization
experience and connections to assist in the resurrection of Worldwide
Marijuana. The rapidly growing medical-marijuana industry offers considerable
opportunities for consolidation, with specific knowhow and solid operational
experience in short supply." said Rob van Santen, incoming CEO. "With
the talent and operational experience available within my growing network, our
objective is to bring together a team that can capitalize on the myriad of
timely opportunities the end of prohibition offers."
On behalf of the Board of Directors,
WORLDWIDE MARIJUANA INC.
(signed) "Robert van
Santen"
Chief Executive Officer
Cautionary statements
This press release contains
forward-looking information based on current expectations. Statements about the
Company's expectations are all forward-looking information. These statements
should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be materially
different from those implied by such statements. Worldwide Marijuana assumes no
responsibility to update or revise forward-looking information to reflect new
events or circumstances unless required by law. Neither the CSE nor its
Regulation Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release. We seek safe harbor.
Contact Information
Greg Patchell
Telephone: +1.250.860.8634
Telephone: +1.250.860.8634
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