Supreme Cannabis Appoints New CFO

Published: March 11, 2019

Supreme Cannabis Appoints New CFO

The Supreme Cannabis Company Inc. has appointed Mr. Nikhil Handa as the Company’s new Chief Financial Officer. Current Chief Financial Officer, Dimitre Naoumov, will become the Company’s Vice President, Finance.

As the Company continues to grow and execute on its business plan, Supreme Cannabis is realigning the leadership of its finance department to further accelerate its international and domestic growth initiatives. Mr. Handa, as CFO, will be responsible for the stewardship of Supreme Cannabis’ finance department, with an emphasis on capital allocation planning, M&A, and transactional execution as the Company focuses on expanding operations and distribution of its premium cannabis products domestically and internationally.

Mr. Handa joins Supreme Cannabis with considerable cross-sector capital markets experience. Most recently he was the VP of Finance at Well.ca, a leading online destination for health, wellness, beauty and baby products. In that role he led the finance function, provided leadership across various aspects of operations and drove key strategic initiatives including the sale of Well.ca to McKesson Canada. Over the course of his career, Mr. Handa also held a variety of senior finance and operational roles at Restaurant Brands International, the fast food holding company created by the merger of Burger King and Tim Hortons and majority owned by 3G Capital. Additionally, he was a key member of the mergers and acquisition group of RBC Capital Markets.

“Mr. Handa brings a wealth of transactional experience, strategic leadership and financial acumen to our management team and will provide complimentary experience to our already strong finance team,” said Navdeep Dhaliwal, CEO of Supreme Cannabis. “His addition will help ensure our Company is well-positioned to seize on available growth opportunities as we look to expand our portfolio of businesses throughout 2019.”

Mr. Naoumov will continue to be a valuable member of the Company’s senior leadership team in his role as VP, Finance. In this capacity, Mr. Naoumov will ensure the Company continues to implement and adopt the best practises in financial reporting, corporate governance, and on-going finance operational improvements.

“During Dimitre’s tenure as CFO, Supreme Cannabis has undergone tremendous operational growth and executed on a number of significant long-term value creation initiatives. In particular, Dimitre played a key role in the successful implementation of an ERP system while maintaining best-in-class financial reporting,” said Navdeep Dhaliwal, CEO of Supreme Cannabis. “As we embark on this next stage of global growth, Dimitre’s expertise will be heavily relied upon to implement and adopt best practises in financial reporting, tax planning, and the integration of new assets.”

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