VANCOUVER, BC, Feb. 1, 2024
/CNW/ - Simply Better Brands Corp. (TSXV: SBBC) (OTCQB: PKANF)
("SBBC" or the "Company") announced today that,
effective immediately, Kathy Casey
has resigned as Chief Executive Officer and as a member of the
Board of Directors (the "Board") to pursue new
opportunities. The Company also announces that Paul Norman will step down from the post of
Chairman of the Board while remaining an integral part of the Board
as a Director.
Concurrent with these changes, the Company announced the
elevation of J.R. Kingsley Ward to
Chairman of the Board as well as his appointment as Interim Chief
Executive Officer until a permanent successor is named. Mr. Ward
has more than 30 years' experience initiating, structuring and
monetizing investments. He is currently a Managing Partner with VRG
Capital which has a wealth of investing experience including active
investments in consumer goods companies.
Mr. Ward also serves as Chairman of DATA Communications
Management Corp. (TSX: DCM; OTCQX: DCMDF), one of Canada's leading marketing and brand
management companies and as Chairman of HEALWELL AI (TSX:AIDX;
OTCQX: HWAIF), a healthcare technology company focused on AI and
data science for preventative care. In addition to his new roles
with SBBC, Mr. Ward will continue to Chair the Board's Audit
Committee.
"On behalf of the Board of Directors, I want to sincerely thank
Kathy for her leadership and contributions to SBBC and to wish her
success going forward," said Mr. Ward. "I also want to express our
gratitude to Paul for his service as Chairman and for the guidance
and counsel he will continue to provide as a Director."
As part of the leadership changes announced today, current SBBC
Board members Mr. Norman and Mr. Richard
Kellam will assume expanded strategic advisory roles
overseeing the business of the Company. Mr. Norman and Mr. Kellam
have deep experience in the consumer goods industry, Mr. Norman
with Kellogg's, and Mr. Kellam with Mars Inc. In addition, the
Board will benefit from the capital markets and transaction
advisory experience of Board Member Michael Galloro.
"We have an exciting portfolio of emerging brands led by TRUBAR
which continues to deliver strong growth and category expansion,"
said Mr. Ward. "I look forward to building on the potential of
these businesses for growth and value creation."
About Simply Better Brands
Corp.
Simply Better Brands Corp. leads an international omni-channel
platform with diversified assets in the emerging plant-based and
holistic wellness consumer product categories. The Company's
mission is focused on leading innovation for the informed
Millennial and Generation X generations in the rapidly growing
plant-based wellness, natural, and clean ingredient space. The
Company continues to focus on expansion into high-growth consumer
product categories including plant-based food, clean ingredient
skincare and plant-based wellness. For more information on Simply
Better Brands Corp., please
visit: https://www.simplybetterbrands.com/investor-relations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Information
Certain statements contained in this news release constitute
"forward-looking information" and "forward looking statements"
as such terms are used in applicable Canadian securities laws.
Forward-looking statements and information are based on plans,
expectations and estimates of management at the date the
information is provided and are subject to certain factors and
assumptions, including, among others, that the Company's financial
condition and development plans do not change as a result of
unforeseen events, the impact of the COVID-19 pandemic, the
regulatory climate in which the Company operates, the Company's
ability to execute on its business plans, distribution plans,
reliance on a consistent supply chain, and claims relating to the
efficacy and results of the Company's products.
Forward-looking statements and information are subject to a
variety of risks and uncertainties and other factors that could
cause plans, estimates and actual results to vary materially from
those projected in such forward-looking statements and
information. Factors that could cause the forward-looking
statements and information in this news release to change or to be
inaccurate include, but are not limited to, changing consumer
preferences, the impacts of COVID-19, that the Company's
financial condition and development plans change, ability to
obtain necessary regulatory approvals and product viability and
risk, as well as the other risks and uncertainties applicable to
the Company and the industries in which it operates, and as set
forth in the Company's annual information form available under
the Company's profile at www.sedar.com.
There is no representation by the Company that actual results
achieved will be the same in whole or in part as those
referenced in the forward-looking statements and the Company does
not undertake any obligation to update publicly or to revise any
of the included forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be
required by applicable securities law. There is no representation
by the Company that actual results achieved will be the same in
whole or in part as those referenced in the forward-looking
statements and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by applicable securities
law.
SOURCE Simply Better Brands Corp