15:47:37 EDT Sun 25 Oct 2020
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48North Cannabis Corp
Symbol NRTH
Shares Issued 177,742,124
Close 2020-03-06 C$ 0.23
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48North appoints Vennat as CEO; Gordon resigns

2020-03-09 11:43 ET - News Release

Mr. Connor Whitworth reports


48North Cannabis Corp. has appointed Charles Vennat, currently chief corporate officer, as chief executive officer, effective immediately. Mr. Vennat replaces Alison Gordon, who leaves 48North after serving as the company's CEO for nearly three years.

"On behalf of the entire 48North team and our board of directors, I would like to thank Alison for her trailblazing leadership during her three years as 48North's CEO. During her tenure, we introduced 48North's initial suite of cannabis products to the recreational marketplace, opened one of the world's largest licensed outdoor cannabis operations, raised significant capital and built a strong brand. We wish Alison all the best in her future endeavours," said Martin Cauchon, chair of 48North's board of directors.

"I am honoured to serve as 48North's chief executive officer," said Mr. Vennat, CEO of 48North. "Over the past quarter, we have been diligently focused on operational upgrades, successfully conducting postharvest activities from Good:Farm, building consumer loyalty and preparing the launch of our impressive suite of next-generation brands. Provincial wholesalers, retailers and consumers alike are demanding 48North's products -- largely a result of the significant progress the company has made in building a strong, authentic and trusted brand in Canada."

"Looking ahead, I have every confidence that 2020 will be a momentous year for 48North. The company has successfully entered into a new phase of growth, with strong demand across the country for our products; it is now time to leverage our industry-leading team to deliver reliable, high-quality and consistent products for Canadian consumers," continued Mr. Vennat.

About 48North Cannabis Corp.

48North Cannabis is a vertically integrated cannabis company focused on the health and wellness market through cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products.

We seek Safe Harbor.

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