BC Craft Supply Co. Announces Appointment of Anthony Laud as Chief Financial Officer

Rhea-AI Summary

BC Craft Supply Co. Ltd. (CSE: CRFT) has appointed Anthony Laud as the new Chief Financial Officer, replacing interim CFO Matt Watters. With over 15 years in financial leadership, Mr. Laud has experience in the cannabis industry, having led fundraising, mergers, and acquisitions. His focus will include enhancing fundraising initiatives and elevating the company's profile in the craft cannabis and psilocybin sectors. This leadership change aims to strengthen the company's operations amid the evolving wellness market.

Positive

• Appointment of Anthony Laud as CFO could bring fresh perspectives and extensive experience in financial leadership.
• Mr. Laud's background in cannabis industry acquisitions and fundraising may significantly bolster CRFT's financial strategies.

Negative

• Transitioning from an interim CFO may bring continuity concerns due to the change in leadership.

VANCOUVER, British Columbia, Sept. 17, 2021 (GLOBE NEWSWIRE) -- BC Craft Supply Co. Ltd., (CSE: CRFT) (“CRFT” or the “Company”), a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy, wishes to announce that it has appointed Anthony Laud as its Chief Financial Officer (“CFO”), effective immediately. Mr. Laud will replace Mr. Matt Watters, whom has acted as interim CFO.

Mr. Laud holds a Bachelor of Science (Accounting & Finance) from Birmingham University UK, ACMA from the UK Institute of Chartered Management Accountants (reciprocal agreement with CPA). He has 15+ years’ experience in financial and strategic leadership roles. Currently, Mr. Laud is the principal of AJLaud Financial Consulting Ltd. through which he advises numerous cannabis licensed producers and processers. Mr. Laud spent a number of years at Ernst & Young LLP in the UK before moving into financial leadership roles in the Canadian telecom market.

Mr. Laud is a financial executive, consultant, and strategist to private and public companies in cannabis, telecom and technology industries in both Canada and the United States. In prior roles, Mr. Laud has successfully led acquisitions, mergers, licensing deals and fundraising initiatives in the cannabis industry. As CFO for CRFT, Anthony will initially be focused on fund-raising initiatives and work to build enhanced capabilities, focusing on elevating the profile of Canadian craft cannabis and early-stage psilocybin.

Matthew Watters, CEO of CRFT, stated, “We are thrilled to welcome Anthony to the BC Craft team as CFO. Anthony is a seasoned executive that brings a wealth of experience and knowledge in the craft cannabis market.”

About BC Craft Supply Co. Ltd. 
BC Craft Supply Co. Ltd. is a diversified wellness company advancing cannabinoid and psychedelic innovation and psychotherapy. The Company offers a reimagined vision for craft markets through collaboration, expertise, and adaptation. Its operations include:

• CRFT, a curator and aggregator of craft cannabis, providing advocacy and access for premium small-batch growers to Canada’s cannabis market;
• Medcann Health Products, a cultivation and processing facility in Chemainus BC;
• Feelwell Brands, a successful cannabinoid brand house licensed in the state of California; and 
• AVA Pathways, a pre-clinical biotech company focused on neuroplasticity and mental health applications using psilocybin and compounds derived from mushrooms.

BC Craft works with local artists cross-sector and remains fervently committed to keeping the art, technique, and purity of their pursuit.

Follow @BC_Craft on Twitter for the latest updates.

THE CANADIAN SECURITIES EXCHANGE (THE "CSE") HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements include, but are not limited to, the anticipated closing the Private Placement.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, CRFT assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

For further information: 
Matthew Watters, CEO, and Director 
Phone: (604) 687-2038.
Email: info@bccraftsupplyco.com 

BC Craft Supply Co. Ltd.
Suite 810 – 789 West Pender Street
Vancouver, British Columbia
V6C 1H2

FAQ

Who is the new CFO of CRFT?

Anthony Laud has been appointed as the new CFO of BC Craft Supply Co. Ltd., effective immediately.

What experience does Anthony Laud bring to CRFT?

Anthony Laud has over 15 years of experience in financial leadership and has worked extensively in the cannabis industry, focusing on fundraising and strategic initiatives.

Why did CRFT appoint a new CFO?

The appointment of a new CFO aims to enhance financial leadership and bolster fundraising efforts as the company seeks to elevate its profile in the craft cannabis market.

What is CRFT's focus under the new CFO?

Under Anthony Laud, CRFT will focus on fundraising initiatives and improving the company's capabilities within the craft cannabis and psilocybin sectors.