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Orion Nutraceuticals Inc
Symbol ORI
Shares Issued 44,681,400
Close 2019-02-20 C$ 0.215
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Orion appoints Thomas to advisory board, grants option

2019-02-21 01:12 ET - News Release

Mr. Jonathan Fiteni reports


Orion Nutraceuticals Inc. has added Clarice Thomas to its advisory board.

As co-founder of I.O. Domani, a luxury retail boutique, and other co-developing business ventures, located in Cabo San Lucas, Mexico, she prides herself with being a focused and fearless negotiator. She currently resides between Dallas, Tex., and Cabo San Lucas, Mexico.

Ms. Thomas joined ATV Broadcast as vice-president of new media in 2012, after 20 years of marketing and sales project management. In 2014, she and three business colleagues formed Belfor Media, a sister company to ATV Broadcast, syndicating internationally, with distribution and digital media globally, with offices in Dallas, London, New York and Indianapolis. She has experience in both the public and private sectors, including director of marketing for DBC America, based in Helsinki, Finland. She also served as chief administration officer at Pinnacle Excavation, specializing in underground utilities. Clarice Thomas Inc. was founded in 2006, where she served as the relationship consultant, acting as the liaison between the developers and retailers and interacted with resources in the private equity and hedge fund space for identifying viable investors.

Her expertise includes building functional collaborative teams, and she is recognized for her leadership abilities, driving and responding to market trends, and producing top sales practices, methodologies, relationship-building skills, project management and branding identity. She has set a presence in CSL, Mexico, as being a minority woman and partner in a Mexican-based construction company, interior design, manufacturing, logistics and vendor sourcing.

In 2015, she joined East Cape 65 LLC to oversee business development for the real estate resort hotel project in San Jose Del Cabo, Mexico. She will wear multiple hats to assist overseeing: strategic planning/execution, feasibility studies reporting, local municipal relationships/entitlement, identifying multiphased financing, sales, client/partner relationships, contract negotiations/operations and project management to local vendor sourcing, along with working hand in hand with Dallas-based developer Gate House Capital and Nunzio Marc DeSantis Architects also of Dallas, Tex.

"We are excited to announce Clarice Thomas will be joining Orion Nutraceutical's advisory board," said Jonathan Fiteni, chief executive officer of Orion. "Her business experience and connections will prove to be invaluable in developing new products, connecting Orion with sports professionals and furthering our stated goal of becoming a global presence in the world of sports medicine."

The company also wishes to announce that it has granted incentive stock options of the company to Ms. Thomas for the right to purchase up to an aggregate of 300,000 common shares of the company, exercisable at the price of 21.5 cents per share for two years. The effective date of the grant of option is Jan. 15, 2019. The options will vest in two tranches of 150,000 options each, with the first 150,000 options issued following the company's announcement and the additional 150,000 options six months after. The stock options granted will be in accordance with the company's stock option plan and will have the required four-month hold period legend, pursuant to the policies of the Canadian Securities Exchange and regulatory authorities.

About Orion Nutraceuticals Inc.

Orion Nutraceuticals aims to set a new standard in cannabis life science by producing and developing innovative products with key strategic partners in the industry. In conjunction with its professional sports strategic alliances, the company is poised to advance research and development in the plant science sector, deliver science-based products and services, and market CBD (cannabidiol) therapies to the mainstream with proprietary brands and products. Medic-Oasis, Orion's subsidiary, has submitted its application for an ACMPR (Access to Cannabis for Medical Purposes Regulations) licence and is currently under review with Health Canada. Orion Nutraceuticals is a partner with Colombian-based medical cannabis corporation FCM Global.

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