mni Commerce appoints Srdanovic as chairman, CEO
Omni Commerce appoints Srdanovic as chairman, CEO
2018-07-04 14:11 ET - News Release
Shares issued 40,598,203
OMNI Close 2018-05-30 C$ 0.19
Mr. Anthony Srdanovic reports
OMNI ANNOUNCES NEW MANAGEMENT
Omni Commerce Corp. has appointed Anthony Srdanovic as chairman and chief executive officer, effective immediately. Keir Reynolds will continue to serve as an adviser to the company.
Mr. Srdanovic was appointed as a director of Omni on April 26, 2018. Since then, he has focused on securing acquisitions for Omni. As mentioned in the company's business update news release dated June 1, 2018, Omni has decided to pivot away from the cryptocurrency sector to explore other investment and acquisition opportunities in the CBD (cannabidiol) and cannabis industries.
Omni recently entered into a letter of intent to acquire a controlling interest in a U.S.-based CBD company generating revenues in excess of $1.8-million per month. Terms of the acquisition will be finalized as part of the completion of due diligence and entering into a definitive agreement anticipated prior to the end of July.
"I am excited to take on this role as I've been leveraging established industry contacts and internal expertise to focus on acquiring a portfolio of assets with the strong potential to unlock shareholder value based upon established revenue streams. I am passionate about hemp and cannabis as I have known for decades that they are essential to regulate the endocannabinoid systems within us, which repairs or balances many functions of the human body. Research studies are now showing that taking cannabinoids daily offers the potential for several health benefits," Mr. Srdanovic stated.
About Omni Commerce Corp.
Omni is a Vancouver-based e-commerce company listed on the TSX Venture Exchange. The company aims to become a diversified investment and venture capital firm with a focus on e-commerce and the hemp and cannabis industries.
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