EDMONTON, AB, July 16,
2024 /CNW/ - Nova Cannabis Inc. ("Nova" or the
"Corporation") (TSX: NOVC) today announced that
Marcie Kiziak, Chief Executive
Officer and a Director of Nova, will be stepping down from her role
of Chief Executive Officer, effective August
1, 2024. Ms. Kiziak will continue to serve as a Director of
Nova until second quarter 2024 financial results are announced.
This decision comes in connection with the restructuring announced
by SNDL Inc. earlier today.
Ms. Kiziak successfully led Nova through the early years of
Canadian federal legalization and worked to build a unique and
highly disruptive discount strategy in Cannabis retail. Nova's
success prompted a number of retail operators to follow suit,
bringing greater value and convenience to consumers. Under her
leadership, the Nova team has grown the Value Buds portfolio to
more than 100 stores through a combination of organic and inorganic
growth.
Taking the reins as Interim Chief Executive Officer will be
Grant Sanderson, Nova's current
Chief Operating Officer. Sanderson's appointment will take effect
upon Ms. Kiziak's departure. The Nova board expresses gratitude for
Ms. Kiziak's dedicated service over the years, acknowledging her
invaluable contributions to the Corporation's success.
Zachary George, Chair of the
Board of Directors of Nova, expressed his gratitude and well
wishes: "Marcie has been a cornerstone of Nova for many years, and
her dedication has been pivotal to our success. We wish her all the
best in her future endeavours."
ABOUT NOVA CANNABIS INC.
Nova Cannabis Inc. (TSX: NOVC) is one of Canada's largest and fastest-growing cannabis
retailers with a goal of disrupting the cannabis retail market by
offering a wide range of high-quality cannabis products at
every-day best value prices. The Corporation currently owns and/or
operates locations across British
Columbia, Alberta,
Ontario, and Saskatchewan, primarily under its "Value Buds"
and "Firesale Cannabis" banners. Additional information about Nova
Cannabis Inc. is available at www.sedar.com and the
Corporation's website at www.novacannabis.ca.
SOURCE Nova Cannabis Inc.
