TORONTO, May 16, 2019 (GLOBE NEWSWIRE) — Biome Grow Inc. (“Biome”) is pleased to announce the appointment of Rita Theil as an independent member of its Board of Directors effective immediately. Ms. Theil has extensive governance experience at the board level of both public and private companies, with a particular focus on enterprises operating in highly regulated industries. She is currently President and Chief Executive Officer of JacKryn Holdings Inc., which is a leading corporate finance advisory firm specializing in capital markets, strategy development and execution, M&A and merger integration. In 2003, Ms. Theil also established the Women’s Mentor Initiative.
Her current and former independent board assignments include Allstate Insurance Company of Canada, NewGen Asset Management, WATERTAP Ontario, Global Water Resources Inc., and Scottish Water plc.
Ms. Theil has a professional background as a corporate lawyer, as well as extensive and varied experience as an investment banker. At CITIBANK – Schroder Salomon Smith Barney, she served as Director, European Utilities, Water, and Infrastructure. During her tenure at CITIBANK, she also founded CITI WOMEN, an organization formed to be a leader in attracting, developing, advancing, and retaining female talent at all levels. Prior to CITIBANK, she was an Assistant Director at Dresdner Kleinwort Benson where she worked on the privatization of the UK electricity industry and built the power advisory investment banking business for the United States and Canada.
“Biome is excited to have Rita join our board of directors. As with our current members of the Biome Board, she will bring considerable strategic value to the operations of the company beyond her duties as a board member. In particular, her extensive international mergers and acquisitions experience, risk matrix development, and advisory work with governments will play a key role as Biome looks to expand on its international cannabis footprint” said Khurram Malik, President and Chief Executive Officer of Biome. “In addition, her leadership in diversity and mentoring initiatives aligns well with our ‘Conscious Cannabis’ mantra as we continue to promote a culture of corporate social responsibility.”
“I am honoured to join Biome’s Board of Directors and share my international capital markets experience and my corporate governance and regulatory perspectives in support of Biome’s continued growth across Canada and foreign markets,” said Rita Theil. “Biome is a fast-growing player in the Canadian medical cannabis sector and I am looking forward to bringing my experiences and insights to the table to help broaden its scope.”
Ms. Theil holds a Master of Business Administration degree (International Strategy and Management) from the University of Ottawa, as well as an LLB and a Bachelor of Social Science from the same institution. She is a chartered director and the recipient of numerous awards and honours.
For further information, please contact:
VP Investor Relations
Biome wholly owns five subsidiaries, including: The Back Home Medical Cannabis Corporation, a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the Cannabis Act; Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a license under the Cannabis Act; Highland Grow Inc., a licensed producer in Nova Scotia under the Cannabis Act; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island; and Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and international business interests.