08:04:22 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Arev Brands International Ltd
Symbol AREV
Shares Issued 45,834,209
Close 2019-05-10 C$ 0.35
Market Cap C$ 16,041,973
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Arev Brands International appoints Shaxon as president

2019-05-10 17:04 ET - News Release

Mr. Mike Withrow reports

AREV BRANDS INTERNATIONAL LTD. ANNOUNCES DONALD SHAXON AS PRESIDENT

Arev Brands International Ltd. has appointed Donald Shaxon as president of the company.

As Arev continues its growth into California and assesses international opportunities in Columbia, Pananma, Africa and Asia, the board has determined the company will be represented better by appointing Mr. Saxon as president of the company. Effective May 10, 2019, Mr. Shaxon will assume his role as president of Arev Brands, where he can focus on the Canadian initiatives, and Mike Withrow will continue as chief executive officer of the company and focus on the company's international initiatives and will assist Mr. Shaxon and Colin Job in transitioning to their new respective executive roles with Arev.

Mr. Shaxon is a capital markets professional with over 20 years of experience leading corporate development and finance initiatives in the natural resource, technology and life sciences sectors. Mr. Shaxon was an early pioneer in the legal cannabis market place under the old MMAR, with 10 years of consulting experience with the top tier of MMJ public companies in Canada and the United States, such as Cannabis Science, Aurora, THC Biomed, Redecan and Lexaria. Mr. Shaxon was founder of AAA Heidelberg, which partnered with Canopy Growth and was recently sold to AgraFlora Organics and has raised millions of dollars in the sector.

Mr. Shaxon is also the majority shareholder of Thor Pharma, which is a late-stage ACMPR (access to cannabis for medicinal purposes regulations) application located in Ontario.

Due to a conflict with another employer, Catalyst X Media Corp. will be unable to be the investor relations for the company. The company continues to have investor relations based in Vancouver, Montreal and New York.

Mr. Withrow stated: "We are continuing to grow and when we have the opportunity to add good people, we make room for them so they can perform. I am a big believer in performance and results and believe Don and Colin have the right stuff to deliver results for the shareholders." On behalf of the shareholders, Mr. Withrow is pleased to welcome Mr. Shaxon and Mr. Job to the team.

About Arev Brands International Ltd.

Arev Brands produces and delivers functional compounds and ingredients from its innovative extraction systems. Arev is revolutionizing the current delivery method of terpenes, cannabinoids and flavonoids. These premium ingredients and formulations are used in products targeted for sale in the natural health, medical, functional food, nutraceutical, sport nutrition and bioceutical markets. Arev innovates through extraction to produce extracts from specific selected plant and exude from trees that address five areas of health, including anxiety, pain management, insomnia, central nervous system disorders and libido.

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