VANCOUVER, British Columbia — Harvest One Cannabis Inc. has appointed Grant Froese as the new chief executive officer of the company effective July 3. Froese has also been appointed to the board of directors.
He joins Harvest One following a 38-year career with Canadian retail giant Loblaw Companies Limited, last serving as chief operating officer. During his career at Loblaw, Grant led operations and merchandising at all levels and has had oversight of information technology, supply chain, digital/e-commerce businesses, marketing, and Loblaw’s industry-leading control brands.
“The Board is very excited to welcome Grant to the Harvest One team,” stated Peter Wall, chairman of Harvest One. “Grant’s leadership experience and operational capabilities will be a significant asset to the company as we look to execute on our strategic vision. With Grant’s background and credentials, we are very pleased to have appointed one of Canada’s leading executives.”
“Harvest One is a unique opportunity to apply my experience to a complex business with a portfolio of brands in the emerging regulated cannabis industry,” Grant Froese commented. “Harvest One has a platform for success through its three distinct business units in Canada and internationally. We will continue to build Harvest One as a house of brands, aiming to bring the most sophisticated cannabis products to the global medical and recreational markets. I’m also pleased to be immediately strengthening the Harvest One team with the appointment of Andrew Kain, a skilled, trusted executive that I’ve had the pleasure of working with in the past.”
Along with the appointment of Froese comes Andrew Kain as the new chief operating officer and general counsel of the company. Kain is a lawyer by profession who brings almost 25 years of extensive corporate, financial and legal experience to Harvest One. He joins Harvest One from his previous position as founder and president of Windular Research and Technologies Inc. a privately held corporation that provides innovative renewable energy systems, consulting and advisory services to the global telecommunications industry.
The company also announced today the grant of 8 million stock options under the company’s incentive stock option plan to certain of the company’s directors and officers. Each stock option entitles the holder to purchase one common share at an exercise price of $0.77 for a period of five years following the grant date.