Sunniva Announces Executive Management Change as Company Relocates Corporate Functions to California

Published: June 3, 2019

Sunniva Announces Executive Management Change as Company Relocates Corporate Functions to California

Sunniva Inc., a North American provider of cannabis products and services, announces the following executive management changes outlined below. Sunniva is pleased to announce the appointment of David Lyle as Chief Financial Officer, effective June 3, 2019, who will be based in California. Mr. Lyle previously served as CFO at Maxwell Technologies, a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Maxwell was recently acquired by Tesla, Inc. Mr. Lyle will be taking over for David Negus, Sunniva’s current CFO, who will transition to supporting the Company in a consulting role commencing at the end of June 2019.

As a result of the Company’s stated plans to focus primarily on its California operations, the corporate functions will be relocated from Vancouver, Canada to Carlsbad, California. Mr. Negus will work closely with Mr. Lyle and the executive leadership team to ensure a smooth transition.

“David Negus’ guidance and leadership has been instrumental in creating the financial systems and infrastructure for our Company as we have evolved into a fully operational entity in the U.S.,” said Dr. Anthony Holler, Chairman and CEO, “We are pleased that David will continue to provide his experience to Sunniva throughout this transition period, and we wish him all the best in his future endeavors.”

“We are very excited to have someone of David Lyle’s caliber and experience join our executive team and help to continue to move us toward the next phase of Sunniva’s growth,” said Dr. Holler. “We continue to focus our efforts on the completion of our world-class glasshouse in Cathedral City later this year and the development of our marketing and sales infrastructure to support our growth in California. This management change is consistent with our focussed plans in California and we are confident that the leadership team we have assembled there will continue to deliver on our strategy.”

During his tenure at Maxwell, Mr. Lyle held the position of Senior Vice President, Chief Financial Officer, Treasurer and Secretary since May 2015. He holds a bachelor’s degree in business from the University of Southern California, a Master’s of Business Administration from Arizona State University, and a Master’s in International Management from the Garvin School of International Management, Thunderbird. He brings a successful track record within large and small organizations in both the public and private sectors.