Aura Announces Appointment of Al Quong to Its Board of Directors
31 Mai 2019 - 2:10PM
Aura Health Inc. (the "
Company" or
“
Aura”) (
CSE:BUZZ) is pleased to
announce the appointment of Al Quong to its board of directors,
subject to regulatory approval. Mr. Quong is an experienced finance
professional, with more than 25 years of operational and advisory
experience in various capacities and industries. Al is currently
Chief Financial Officer for the Fovere Group of Companies, a
boutique private equity firm which specializes in investments and
financing within the real estate, natural & organic food and
renewable energy sectors. He previously served as Chief
Financial Officer for Nutritional High International Inc. (CSE:EAT)
and The Tinley Beverage Company Inc. (CSE:TNY), and Assurance
Senior Manager at KPMG Calgary.
In addition to joining the board, Mr. Quong will
also serve as Chair of the Audit Committee.
Daniel Cohen, CEO of Aura, commented, “We are
very pleased to welcome Al to the board and look forward to
leveraging his significant financial and operational knowledge
base. We are confident that Al’s presence will help us to further
drive our corporate strategy going forward.”
About Aura Health Inc.
Aura Health is building an international network
of vertically integrated cannabis assets. Through an established
product line of cannabis-infused edible products and oil extracts,
Aura is dedicated to building a high margin downstream business in
the medical marijuana sector. The Company owns 80% of Pharmadrug, a
German medical cannabis and pharmaceutical distributor, as well as
debt that converts to 54% equity of HolyCanna, a cultivation and
nursery license holder in Israel. Aura also has a binding letter of
intent to purchase CannabiSendak, the builder of a network of
high-profile dispensaries in Israel.
For further information, please
contact:
Daniel Cohen, CEO Aura Health Inc. (647)
202-1824
David Posner, ChairmanAura Health Inc. (647)
985-6727
Deborah Honig, Investor RelationsAdelaide
Capital Markets (647) 203-8793
Caution Regarding Forward-Looking
Information:
THE CANADIAN SECURITIES EXCHANGE HAS NOT
REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This news release may contain forward-looking
statements and information based on current expectations. These
statements should not be read as guarantees of future performance
or results. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from those
implied by such statements. Such statements include submission of
the relevant documentation within the required timeframe and to the
satisfaction of the relevant regulators, completing the acquisition
of the applicable real estate and raising sufficient financing to
complete the Company's business strategy. There is no certainty
that any of these events will occur. Although such statements are
based on management's reasonable assumptions, there can be no
assurance that such assumptions will prove to be correct. We assume
no responsibility to update or revise them to reflect new events or
circumstances.
The Company's securities have not been
registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act"), or applicable state securities laws, and
may not be offered or sold to, or for the account or benefit of,
persons in the United States or "U.S. Persons", as such term is
defined in Regulation S under the U.S. Securities Act, absent
registration or an applicable exemption from such registration
requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in the United States or any jurisdiction in
which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk
factors which could cause the Company's actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein. All forward-looking
information herein is qualified in its entirety by this cautionary
statement, and the Company disclaims any obligation to revise or
update any such forward-looking information or to publicly announce
the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events or
developments, except as required by law.
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