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EMBLEM BOLSTERS MEDICAL DIVISION TO SUPPORT GROWTH AND PRODUCT INNOVATION WITH APPOINTMENT OF WAYNE KREPPNER AS PRESIDENT
Emblem Corp. has added leadership and operational resources to support the rapid growth of its medical division and associated new product innovations. Emblem director and current medical division president, John H. Stewart, welcomes Wayne Kreppner to the company as the division's new president. Mr. Stewart will oversee the division in an advisory capacity and will remain a member of Emblem's board of directors. Mr. Kreppner will begin Nov. 1, 2018. The appointment of Mr. Kreppner is subject to the normal course approvals of the TSX Venture Exchange.
An accomplished pharmaceutical industry executive, Mr. Kreppner will bring 20 years of research and development, regulatory affairs, and senior management expertise to Emblem's medical division. Prior to joining Emblem, Mr. Kreppner was president and chief operating officer at Concordia International Corp. where he oversaw triple-digit growth of both revenue and EBITDA (earnings before interest, taxes, depreciation and amortization). He also served as vice-president, technical operations, at Trimel Pharmaceuticals, and held various senior roles in technical operations and regulatory affairs at Biovail Corp.
Over the past three years, Mr. Stewart led the creation of Emblem's medical division and delivered several firsts for the company, including its partnership with Canntab Therapeutics Inc. to develop oral extended-release cannabinoid tablets. Mr. Stewart also oversaw the design and buildout of Emblem's extraction, analytical and product development facilities, the launch of Emblem's line of four strain specific cannabis oils and most recently the launch of Atmosphere, Emblem's line of metered-dose cannabis oil oral sprays.
"In a relatively short time, Emblem has established an extremely capable medical division. Wayne will bring with him a wealth of proven experience in developing, launching and commercializing pharmaceutical products. His ability to simultaneously manage the many aspects of new product development, clinical research and production will be an important addition to the medical division and Emblem's overall commitment to product innovation," said Mr. Stewart. "I look forward to working closely with Wayne and existing members of the medical team."
"Emblem's medical division is a leader in product innovation. Emblem has always had a patient-first approach, developing new products that support patients' health goals and that physicians are confident in prescribing. Wayne shares this mindset and we're thrilled to bring his proven experience and leadership to our world-class team," said Nick Dean, chief executive officer, Emblem.
In accepting his appointment, Mr. Kreppner said: "There is an incredible opportunity to further develop the role of cannabis and cannabinoids in medical treatment. The goal at Emblem is to identify innovative ways to bring pharmaceutical formulations of cannabis to patients, supported by clinical evidence. I am honoured to join Emblem's medical team and look forward to contributing to the company's success."
Additional changes to Emblem leadership
Further changes to Emblem's leadership team include the departure of Daniel Saperia, chief operating officer, effective Nov. 1, 2018. Mr. Saperia's tenure at Emblem began in 2014 shortly after the company's founding, and includes a number of key accomplishments, including overseeing a 100-per-cent fill rate of first orders to Emblem's provincial partners. Mr. Saperia will continue to provide support during a transition period until Dec. 31, 2018.
"I want to personally thank Danny for his tremendous contributions to Emblem over the last four years as our first chief operating officer. In his time at Emblem, Danny has been directly responsible for building the foundation upon which the company can now prosper and grow into its next phase," said Mr. Dean. "Under his leadership, we have seen significant improvements across our production, cultivation and supply chain. Danny is a fabulous mentor, coach, team leader and friend to many of us, and we wish him all the best."
"I'm incredibly proud of Emblem's accomplishments over the past four years and look forward to seeing the company continue to grow in the future," said Mr. Saperia. "I'm grateful to have played a role in Emblem's evolution and wish the team continued success."
About Emblem Corp.
Emblem, through its wholly owned subsidiary Emblem Cannabis Corp., is a fully integrated licensed producer and distributor of medical cannabis and cannabis derivatives in Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Emblem's state-of-the-art indoor cannabis cultivation facility and research and development laboratory is located in Paris, Ont. Led by an experienced management team of health care executives, accomplished marketing professionals and cannabis experts, Emblem is focused on driving shareholder value through product innovation, brand relevance, and access to patient and consumer channels. Emblem is also the parent company of GrowWise Health Ltd., one of Canada's leading cannabis education services.
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