ICYMI – Experion Beyond the News
In a press release on Monday, May 13th – Viridium announced that the company had joined the 8020 Connect Investor Community and announced the Company’s AGM to be held on Friday, May 31, 2019
One of the matters to be considered at the AGM will be the election of Directors, each director of the Corporation is elected annually and holds office until the next AGM. We have three new Directors being considered at the upcoming AGM – Michael Black, Michael Kohut, and Joel Dumaresq. Having received several questions and request for additional information on these three new directors, we are providing a more detailed Bio for each of Michael Black, Michael Kohut, and Joel Dumaresq.
Michael J. Black is the senior energy Partner in Fasken’s Calgary office. With significant experience leading large and complex M&A transactions, including several multi-billion-dollar M&A deals, Mr. Black is counsel to numerous domestic and international energy companies. Both clients and peers recognize him as a leading, results-oriented advisor. Mr. Black has worked exclusively in the energy field, both in private practice and as in-house counsel, with a comprehensive focus on the upstream, midstream and the service sectors of the oil and gas business. Mr. Black also negotiates and drafts a wide variety of domestic and international energy agreements, including joint operating, acquisition, joint venture, product marketing, and transportation, as well as farm-outs and production sharing contracts. Having negotiated and closed transactions in over 20 countries, Mr. Black is an expert in providing legal and commercial advice in numerous jurisdictions. He was also the General Counsel of the state-owned oil and gas corporation in the State of Qatar. This combined with his extensive hands-on experience, both in private practice and as in-house counsel, allows him to be fully aligned with clients’ business objectives.
Mr. Black is a graduate of the Institute of Corporate Directors in Canada. Michael has been on the board of eight different companies, including roles as both Chairman of the Board and the Chairman of various committees. He is currently a director of two publicly traded companies.
Mr. Michael G. Kohut serves as the Senior Vice President and Chief Financial Officer at Canadian International Oil Corp. since February 2019. Mr. Kohut has been Chairman of Briko Energy Corp since April 11, 2019. Mr. Kohut was the President and Chief Executive Officer of Briko Energy Corp until April 11, 2019. He has been Chairman of the Board at Big Rock Brewery Inc. since November 9, 2017. He was the Vice President of Finance at Paramount Resources Ltd. from November 23, 2017, to April 2018. Mr. Kohut was the Chief Financial Officer of Paramount Resources (Trilogy Energy Corp) Ltd. since June 1, 2006, to October 2017. Mr. Kohut has over 15 years’ experience in financial management. Mr. Kohut served as President of Chinook Tyee Industry Limited (formerly, Global Railway Industries Ltd.) from January 1997 to October 3, 2005, and Chief Executive Officer until October 3, 2005. He served as Senior Tax Manager of KPMG in Calgary. He has been a Director of Big Rock Brewery Inc. since March 7, 2008, and Panterra Resource Corp. since May 22, 2014. He serves as an Independent Director at West Valley Energy Corp. He has been a Director of Great Prairie Energy Services Inc. since December 20, 2013. He has been a Director of Ikkuma Resources Corp. since May 22, 2014. He served as a Director at DevCorp Capital Inc. since February 4, 2011. He served as a Director of Chinook Tyee Industry Limited from January 1997 to October 3, 2005. He received a Chartered Accounting designation in 1992. He graduated from the University of Calgary with a Bachelor of Commerce in 1989.
Mr. Joel Stewart Dumaresq is a businessperson who founded Matrix Partners, Inc. and Pashleth Merchant Capital Corp. and who has been the head of 9 different companies. Presently, Mr. Dumaresq holds the position of Chairman & Chief Executive Officer of Organic Flower Investments. Mr. Dumaresq brings 30 years’ experience in the financial sector, holding financial and investment management roles with RBC Dominion Securities, and was a managing director of Vancouver?based private equity and merchant banking firm Matrix Partners Inc for 12 years.
Mr. Dumaresq has extensive operational and senior management experience in the forestry, mining and energy spaces. He is presently an advisor to and an investor in, a range of Cannabis and CBD?related businesses. Mr. Dumaresq received an undergraduate degree from the University of British Columbia and an undergraduate degree from Harvard University.
CANNABIS SECTOR – IN THE NEWS
In this section, the aim is to keep apprised of updates and advancements in the Cannabis sector and more importantly specific news items that are germane to Experion’s business and focus. We have one such item to share this weekend, relating to the cannabis derivatives market
‘’Companies That Turn Plants into Oil and Derivative Products is Where Value will be Created in the Cannabis Industry’’
Please take a minute to select the link and listen to an interview with Paul Pedersen of Nextleaf Solutions. https://www.bnnbloomberg.ca/investment-trends/video/companies-that-turn-plants-into-oil-and-derivative-products-is-where-value-will-be-created-in-the-cannabis-industry~1666842
How Is This Relevant to Experion, you ask?
On October 9, 2018, Experion announced that the Company had received an amended license from Health Canada allowing for the production and possession of cannabis oil (link to news release below). This licensing achievement was a seminal first step for Experion to participate in the cannabis derivatives market
Mr. Jarrett Malnarick formerly CEO, now COO commented, ‘’We believe that a great deal of the next generation of cannabis products will be designed around cannabis extracts. Experion has achieved another important milestone with the extraction amendment, which brings our company another step closer to our vision of building a leading, integrated cannabis company, operating across Canadian and International markets.”
TODAY I WILL DO WHAT OTHERS WON’T – SO TOMORROW I CAN DO WHAT OTHERS CAN’T
The Case for Viridium/Experion: A Unique Advantage born out of thought leadership in the early phases to seek out and acquire a comprehensive set of licenses to supply all markets – today Experion is licensed for everything from R&D to distribution, for consumer markets and B2B
In essence, following the ‘’Jerry Rice Doctrine’’ Doing today what others won’t so that tomorrow we can do what others can’t…
Viridium’s corporate growth strategy and vision are to build an industry-leading vertically integrated premium cannabis company through an established supply chain and production methods, premium well-positioned consumer brands and through strategic partnerships for global operations.
When compared to peer groups, there is no doubt that Viridium is significantly undervalued on a market cap basis, revenue and on a share traded volume. As a result, we believe that Viridium is therefore poised for significant stock price appreciation once Viridium starts trading in line with its peers.
Are We There Yet? – Trading in Line with Our Peers? – When will we get There?
Not quite – but we are on the road and are very much aware of the journey. We have key investor awareness and marketing initiatives being set in place to garner a wider audience. Management will continue to focus and execute its business plan and Investor Relations activities will communicate our accomplishments.
Jay Garnett brought me on board for this sole purpose, commenting in the Company’s April 15th news release, “Viridium has made significant strides recently; our premium brands, quality operations and disciplined approach to growth will now be supported with a focused internal communications and outreach program. With Ms. Pottinger’s support and guidance, we will be able to more effectively connect Viridium’s story to the investment community while allowing our Senior Management team to focus on building our business.”
Please Stay Tuned, and If you have not already done so, please join the Viridium portal on 8020 Connect http://connects.digital/Viridium8 and share the link – Let’s Not Keep VIR a Secret Any Longer!!!!