12:44:07 EDT Thu 06 Aug 2020
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Arev Brands International Ltd
Symbol AREV
Shares Issued 45,834,209
Close 2019-07-18 C$ 0.22
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Arev appoints Nen as Southeast Asia regional director

2019-07-18 14:15 ET - News Release

Mr. Mike Withrow reports


Arev Brands International Ltd. has appointed Michael Nen, a resident of Cambodia, to the position of Southeast Asia regional director. Mr. Nen will be working with the company to evaluate the prospects to become the first hemp and cannabis cultivators in Cambodia.

Mike Withrow, chief executive officer, commented: "I have had the pleasure of meeting and discussing a strategy for legalization in Cambodia with Mr. Nen earlier this year. We have been working together to prepare the documentation we will require for our request to be granted. Michael is a welcome addition to our team and I'm pleased to be entering into this relationship with Michael."

Mr. Nen was educated in Long Beach, Calif., and worked in law enforcement while there. He later moved back home to Cambodia where he was successful in obtaining the only gambling licence in Phnom Pen for Naga World Casino. He now manages one of the largest commodities trading firms in Cambodia.

The company has issued 100,000 stock-options to directors, officers and consultants of the company at a price of 23 cents for a period of five years from the issuance dated. These options will vest immediately.

About Arev Brands International Ltd.

Arev produces and delivers functional compounds and ingredients from its world-class 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.

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