02:23:57 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



New Age Farm Inc
Symbol NF
Shares Issued 201,196,930
Close 2018-05-22 C$ 0.07
Market Cap C$ 14,083,785
Recent Sedar Documents

New Age Farm appoints Martch director

2018-05-22 19:45 ET - News Release

Mr. Carman Parente reports

NEW AGE FARM ANNOUNCES CHANGES IN LEADERSHIP

New Age Farm Inc. has updated its stakeholders on changes to the company's leadership. In December, 2017, the company expanded into hemp-derived cannabidiol (CBD) when it acquired We Are Kured LLC, an on-line CBD and lifestyle company. The company is now pleased to announce that Benjamin Martch, chief executive officer of Kured, has agreed to join the board of directors of New Age Farm. As a member of New Age Farm's board of directors, Mr. Martch will be better positioned to align with the company's strategic planning, providing advice and guidance on the CBD industry and to utilize his experience in the U.S. cannabis sector to assist with the company's Washington business interests. Mr. Martch is an active cannabis marketing entrepreneur and leader, who has been involved in the industry in Colorado, Oregon and California. His experience is an asset to New Age Farm.

Mr. Martch will also be taking on the role of interim CEO of New Age Farm following the resignation of Carman Parente from the role. Mr. Parente has decided to resign this post to provide him more time to spend with family. Mr. Parente will remain on the board of directors and continue in his role as president of the company.

Mr. Martch, newly appointed interim CEO of New Age Farm, commented: "The company is pleased that Mr. Parente, who founded the company, will remain in a senior leadership role for the foreseeable future, where he can share his historical knowledge of the company, its assets and its operations. We are excited at the opportunities that abound in the cannabis and CBD sectors and look forward to moving New Age Farm forward in this dynamic industry. We want to thank Mr. Parente for his years of leadership as founding CEO of the company. He is handing over the reins to a company with money in the till and promising projects that we are keen to move forward and expand upon."

About New Age Farm Inc.

New Age Farm is an agricultural service company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agricampuses in Washington State. In November, 2012, the Washington State Liquor and Cannabis Board (WSLCB) passed Initiative 502. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over 21 and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. New Age Farm provides innovative solutions for growers and processors in this burgeoning industry.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.