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DionyMed Brands Inc (Sub Voting) DYMEF

DionyMed Brands Inc is a multi-state cannabis brand and distribution platform based in Canada. The company provides support to cultivators and manufacturers of medical and adult-use cannabis products. It sells branded products in every category from flower to vape cartridges, concentrates, and edibles. Geographically, it derives a majority revenue from the United States of America. The company also provides services such as Logistics Services and Software, Warehousing and Co-Packing, Manufacturi


GREY:DYMEF - Post by User

Post by Nattydread26on Sep 17, 2019 10:05am
136 Views
Post# 30134982

DionyMed Brands Announces Organizational Update, Trading Hal

DionyMed Brands Announces Organizational Update, Trading HalTORONTO--(BUSINESS WIRE)--September 17, 2019--DionyMed Brands Inc. (“DionyMed” or the “Company”) (CSE:DYME; OTCQB:DYMEF), a multi-state cannabis brands, Direct-to-Consumer and distribution platform, today announced trading of the Company’s shares was halted on September 16, 2019 pending an agreement for a restructuring of its debt facility. The Company expects to provide details of such restructuring very shortly. Any restructuring may be subject to definitive documentation, corporate approvals and other regulatory and third party approvals. In addition, it announced today an organizational update. DionyMed is also announcing today the resignation of COO Pete E. Hilliard, effective immediately. Mark Zinselmeier, a consultant with the Company, who had been working with DionyMed on growing its Chill Direct-to-Consumer cannabis delivery service, has been named interim COO. Mark previously worked with Edward Fields, DionyMed CEO, at HotChalk as COO and Chief Partnership Officer. As a successful executive in the hyper-competitive online degree space, Mark spent the last 12 years leading universities in the launch and growth of their online enrollment programs. He was instrumental in building the infrastructure and processes to scale student recruitment, retention and grassroots marketing efforts that led to the graduation of tens of thousands of successful students. At DionyMed, Mr. Zinselmeier will focus on expanding the growth rate of DionyMed’s concierge cannabis delivery service Chill. “We are fortunate to have someone of Mark Zinselmeier’s caliber and experience step up to the position of interim COO at DYME,” said Edward Fields, CEO. “We are at a critical moment in the cannabis industry and this assignment gives us the expert leadership needed to successfully implement our Direct-to-Consumer strategy.” To be added to the DionyMed distribution list, please email investorrelations@DYME.com with “Stay Updated” in the subject line.
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