Globe & Mail 10:00 AM EDT, 08/22/2022 (MT Newswires) -- Salona Global Medical Device Corporation (SGMD.V) on Monday said it has appointed a Chief Financial Officer for the company and promoted an executive as President of its subsidiary South Dakota Partners, Inc., or SDP.
Salona, which was more than 1% higher at last look, also said it has executed a national sales distribution agreement with Digitsole U.S Inc.
The company said it has named Dennis Nelson CFO of the company, effective Aug. 29. Most recently, he was Corporate Controller of Manscaped Holdings, LLC based in San Diego, California. He was previously Principal Financial Officer of Alphatec Spine, Inc., a medical technology company trading on the NASDAQ.
The company promoted Mike Plunkett to President of SDP effective Monday. He succeeds Luke Faulstick, who was appointed CEO of Salona Global on July 18. Plunkett has served as a general manager for SDP since January 2019. Prior to that, he spent 25 years in the U.S. Navy, rising to the rank of Captain.
Salona Global also said it has expanded its product line through a national distribution agreement with Digitsole, a digital health company based in France.
Under the terms of the agreement, Salona Global's subsidiary, Mio-Guard LLC, has gained the rights to distribute products from Digitsole in the U.S.
"We anticipate this Digitsole product line will drive revenue growth by expanding the products we offer to patients, athletic trainers, and physical therapists," said Salona Global's Executive Chairman Les Cross.
Price: 0.78, Change: +0.01, Percent Change: +1.30