Bakhu Holdings Selects Mitchell ("Mitch") Kahn for Key Consulting Services

Rhea-AI Summary

Bakhu Holdings, Corp. (OTC PINK:BKUH) announced the hiring of Mitch Kahn, founder and former CEO of Grassroots Cannabis, as a consultant to boost marketing and financing efforts.

Kahn’s experience, particularly in the cannabis sector, is expected to help Bakhu optimize its patented cell replacement technology for cannabinoid production.

This technology aims to reduce cultivation costs and improve output quality, potentially enhancing Bakhu's market position in North America and the Caribbean.

Positive

• Appointment of Mitch Kahn could enhance marketing and financing activities.
• Kahn's extensive cannabis sector experience may lead to strategic growth.
• Bakhu holds exclusive North American rights to a patented cell replacement technology, which can significantly reduce production costs.

Negative

• None.

LONG BEACH, CA / ACCESSWIRE / April 6, 2022 / Bakhu Holdings, Corp. (OTC PINK:BKUH) today announced an agreement to retain Mitchell ("Mitch") Kahn, 61, founder and former CEO of Grassroots Cannabis, as a consultant to assist with marketing and financing activities in furtherance of the Company's long-term objectives to grow and optimize the value of the Company.

"The Board selected Mitch out of many fine candidates based on his preliminary input concerning Bakhu's path for managing strategic planning, views on potential partnerships and licensees as well as his track record for cost management," President and CEO Evripides Drakos said in making the announcement.

Bakhu Holdings has the exclusive North American rights to sublicense a panted cell replacement process to grow select cannabinoids in proprietary bioreactors with consistent qualitative and quantitative attributes at what management believes is a significant discount to traditional cultivation and manufacturing processes.

In accepting the appointment, Kahn said, "My first steps will be to utilize my extensive experience in the cannabis sector to focus on a course for license marketing, capital formation and expansion planning."

Kahn is a seasoned executive and entrepreneur, especially in the cannabis sector. Grassroots Cannabis - a large private, vertically integrated cannabis operation in the United States - was purchased by Curaleaf Holdings in 2020. Kahn co-founded Grassroots in 2014 to provide safe and efficacious cannabinoid products to consumers. He led more than 1,100 team members across 12 states and obtained more than 60 regulatory licenses in the emerging cannabis sector.

Prior to Grassroots Cannabis, Kahn co-founded Frontline Real Estate Partners, a Chicago-based real estate investment and advisory company with expertise in the acquisition, development, management, disposition and leasing of commercial real estate properties throughout the United States. The company acquired properties valued at more than $125 million and built a successful brokerage and property management business currently managing more than two million square feet of properties.

Earlier, Kahn co-founded Hilco, a leading real estate restructuring, disposition valuation, and appraisal firm. Mitch served as President and CEO, and grew the business to more than 30 employees with annual revenues in excess of $15 million.

Kahn began his career as a transactional attorney focused on real estate and corporate M&A transactions. Before entering his entrepreneurial endeavors, he served as Senior Vice President of Sportmart, growing the company's footprint from 20 to 70 stores.

Mitch is a 1982 graduate of the University of Wisconsin School of Business and received his JD from Northwestern University Law School in 1984. He serves on multiple boards and is actively involved in numerous charitable and community organizations. He currently serves as Chairman of Frontline Real Estate Partners and Fyllo and sits on the Board of Directors at Wesana Heath and Curaleaf.

About Bakhu Holdings, Corp.

Bakhu Holdings, Corp. (OTC PINK:BKUH) holds a license to a patented cell replication technology to produce, manufacture and sell cannabis-related products - sometimes referred in the industry as cannabinoids - exclusively in North and Central America and the Caribbean. The Company's business model to exploit its intellectual property is to sell royalty-based sub-licenses to properly-licensed third parties who will then independently cultivate and manufacture cannabis products. The Company plans to incorporate its cell replication technology in production facilities that are funded, built and operated to produce medical, food additive and recreational cannabis-related products.

Headquarters: One World Trade center, Suite 130, Long Beach, CA 90831.
Phone: (310) 891-1959.
Website: bakhuholdings.com
Text: info@bakhuholdings.com
Twitter: @BakhuHoldings
Facebook: Bakhu Holdings Corporation
LinkedIn: Bakhu Holdings Corporation

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of the Securities Act. As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook" and similar expressions. The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances. The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

INVESTOR RELATIONS CONTACT:
GREG McANDREWS & ASSOCIATES
Gregory A. McAndrews
(310) 804-7037
mcandrews_pr@hotmail.com

SOURCE: Greg McAndrews & Associates

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FAQ

What is Bakhu Holdings' recent announcement about?

Bakhu Holdings announced the hiring of Mitch Kahn as a consultant to assist with marketing and financing efforts.

Who is Mitch Kahn and what is his experience?

Mitch Kahn is the founder and former CEO of Grassroots Cannabis, with extensive experience in the cannabis sector.

What technology does Bakhu Holdings hold rights to?

Bakhu Holdings has exclusive North American rights to a patented cell replacement process for producing cannabinoids.

How might Mitch Kahn impact Bakhu Holdings?

Kahn could help optimize Bakhu's marketing strategies and financial planning, potentially leading to company growth.

What are the long-term objectives of Bakhu Holdings?

Bakhu aims to grow and optimize the value of the company through innovative cannabinoid production.