Alta Vista appoints CEO, president, director
Alta Vista appoints CEO, president, director
2016-03-02 09:53 ET - News Release
Mr. Don Shaxon reports
ALTA VISTA PROVIDES UPDATE ON REDECAN ACQUISITION AND ANNOUNCES CORPORATE CHANGES
The March 1, 2016 deadline for the signing of the definitive agreement for Alta Vista Ventures Ltd.'s acquisition of RedeCan Pharm (see news release dated Jan. 29, 2016) has passed; however, the parties remain in communication.
The company also reports the following changes to management and the board of directors.
George Smitherman is the company's new chief executive officer and will remain a director. As CEO, Mr. Smitherman will have oversight on the operational aspects of Alta Vista. Mr. Smitherman had a long successful political career until 2010 when he returned to his prepolitics roots as an entrepreneur. He is the founder of three companies and is an adviser to several others. Most recently a candidate for the mayor of Toronto, Mr. Smitherman has previously been elected three times as a member of the provincial parliament where he served as Ontario's Deputy Premier, Health Minister, and Minister of Energy and Infrastructure, as well as many other roles. Over a career spanning almost 25 years Mr. Smitherman has been active in all three levels of government. Mr. Smitherman's interest in medical marijuana started when he was Ontario's Health Minister. He has since become a vocal advocate of medical marijuana and the legalization of recreational marijuana nationally.
Donald Shaxon has been appointed president of the company and has also joined the board of directors. Mr. Shaxon brings with him 20 years of experience in the capital markets with 10 of those years working for public companies such as Cannabis Science, Lexaria, Aurora Cannabis and THC BioMeds. Mr. Shaxon is also the founder, partner and senior person in charge of Thor Pharma an early-stage MMPR (Marihuana for Medical Purposes Regulations) application that Alta Vista has signed a definitive agreement to acquire. Mr. Shaxon was instrumental in bringing the fully licensed, MMPR opportunity, RedeCan Pharm to Alta Vista.
In addition, Jason Springett has joined the board of directors. Mr. Springett has been associated with public companies since 2009. Mr. Springett received security clearance from Health Canada in 2015 and, as such, can work directly for an MMPR-licensed producer. He has been growing marijuana under the MMAR program for five years.
To accommodate these changes, Ian Foreman has stepped down as president, CEO and director, and Ron Shenton and Edmundo Uribe have stepped down as directors.
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