SpeakEasy Announces Appointment of New Officers and Directors

Published: July 2, 2019

SpeakEasy Announces Appointment of New Officers and Directors

SpeakEasy Cannabis Club Ltd. announced the repositioning and new appointments of its Board of Directors in anticipation of receiving its license from Health Canada.

Marc Geen will resign as the Company’s CEO and the position will be filled by Dr. Bin Huang. Bin, former President and CEO of Emerald Health Therapeutics Inc., comes with a wealth of knowledge and experience in this industry. Marc Geen states, “We are so pleased and privileged to have Bin join SpeakEasy as our CEO, both for the near and long term visions of our Company. With her extensive experience in strategy, business development, public markets and operations in this industry, Bin is an incredibly valuable addition to our team”. Geen further states, “I will be temporarily moving to the Advisory Board as we move through the final stages of the Health Canada approval process”. Health Canada rules state that security clearances must be issued to the directors and officers of the corporation or to any individual who exercises, or is in a position to exercise, direct control over the corporation.

Further, the Company announces the following additional changes to its management, Board of Directors and its Advisory Board:

Dave Cross will resign as the Company’s current Chief Financial Officer however, the day to day financial operations will remain with his firm, Cross Davis and Co. The acting Chief Financial Officer position will be filled by Patrick Geen, who has been involved with the Company since its inception. Along with being appointed to the Board of Directors, Pat is also the Company’s Head Grower.

Zena Prokosh has been involved in the project since 2016, in the capacity of Quality Assurance/Quality Control. Along with operational industry experience since 2013, Zena will fulfill her position on the Board by delivering a wealth of knowledge in taking Companies through the Health Canada licensing process. Marc Geen states, “Adding Zena to our Board is a great natural fit with the Company. She has been intimately involved in the development of the property and is an integral part in the growth of the Company”.

Along with Marc Geens resignation as CEO and board member, Brian Peery, President and board member, Alexander Kaulins, CTO and board member, and Jeremy Ross, board member, will resign from their directors’ and officers’ positions and join Marc Geen on the Company’s Advisory Board. Mervyn Geen resigns as board of director and Chairman of the Board. Mervyn Geen states, “It is time for me to watch the success of the generations as they continue on the legacy of farming. This has been an exciting venture and it has been a pleasure to be a part of the growth. I am confident the time couldn’t be better than the present to pass over the reins.”

In connection with her Employment Agreement, Dr. Huang is entitled to receive, in addition to her salary and in accordance with applicable laws (including the policies of the Canadian Securities Exchange (the “CSE”), incentive stock options. The Company’s Board of Directors has approved the grant of an option for up to 1,738,333 common shares of the Company with an exercise price of $0.67/share. The option will expire 5 years from the date of grant.

The Company sincerely thanks the foregoing for their contributions to date. With the changes above implemented, SpeakEasy believes it has reached full compliance for meeting the Health Canada rules for licensing.

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