09:05:26 EDT Fri 29 Mar 2024
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LGC Capital Ltd
Symbol LG
Shares Issued 357,839,734
Close 2018-09-06 C$ 0.17
Market Cap C$ 60,832,755
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LGC Capital appoints Di Meglio senior adviser

2018-09-06 11:59 ET - News Release

Mr. John McMullen reports

FORMER BRITISH AMERICAN TOBACCO SENIOR EXECUTIVE JOINS LGC CAPITAL

LGC Capital Ltd. has appointed Remy Di Meglio, a Swiss-based former senior tobacco executive, as a senior adviser.

Mr. Di Meglio, brings extensive experience to the LGC team and its investee companies from the global tobacco sector, having served 27 years with British American Tobacco with last 10 years as:

  • General manager for Belgium, Luxemburg and the Netherlands, based in Amsterdam in the Netherlands (2014-2018);
  • Regional head of Other Tobacco Products (OTP) -- Europe/Global, based in London in the United Kingdom (2012-2013);
  • General manager -- GCC (KSA, Kuwait, UAE, Qatar, Bahrain, Oman), based in Dubai in United Arab Emirates (2010-2012);
  • Area marketing and sales director (KSA, Kuwait, UAE, Qatar, Bahrain, Iran, Iraq, Syria, Lebanon, Jordon, Palestine, Yemen), based in Dubai in the UAE (2008-2010);
  • Global head of brand -- Dunhill and Benson&Hedges, based in London in the United Kingdom (2008).

Mazen Haddad, co-chairman of LGC Capital, stated: "We are pleased that a senior tobacco executive of Mr. Di Meglio's calibre has decided to join our dynamic team as a senior adviser to the board. Revenue growth from LGC's fast-growing global footprint is of key importance as we expand our legal cannabis growing and sales operations in Europe, Canada, the Caribbean, Australia and beyond. Mr. Di Meglio will prove invaluable to the company by assisting many of our operations with global branding, sales strategies and securing key customers, as we expand our product ranges. Mr. Di Meglio can provide immediate assistance to Viridi unit in Switzerland that is already selling legal CBD cigarettes into the Swiss market. His high-level management expertise will also significantly strengthen our future negotiations with new commercial partners."

About LGC Capital Ltd.

LGC's objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services with an emphasis on significant investments in global medical cannabis sector.

We seek Safe Harbor.

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