Vancouver, BC, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Orion Nutraceuticals Inc.,
(CSE: ORI) (the “Company” or “Orion”) a cannabis life science company, is
pleased to announce the addition of Shannon Ford-Smith, sports healthcare and CBD product expert to its advisory board.
Shannon Ford-Smith has a uniquely diverse background that includes education, construction, consumer goods as well as experience
building and leading companies in the sports healthcare sector. She has over a decade of experience building, leading and
establishing business direction.
Throughout her career she has developed deep market insight into the healthcare field. Her recent executive role at Floyd?s of
Leadville as Director of Business Development includes the development of Aeliza (a medical grade CBD product line) and oversight
of the Company?s expansion and growth into the Canadian market, hiring and leading the execution of a common vision of success
while mitigating risk. She spearheaded development of the Aeliza line and personally oversaw every detail, from product development
and formulation, manufacturing, business development, marketing, strategy, as well as bridging the gap between the medical world
and cannabis.
“We are extremely pleased to add Shannon Ford-Smith to Orion Nutraceuticals’ advisory board,” said Jonathan Fiteni, CEO of
Orion. “Her impressive resume includes a strong background in both healthcare and business development. Shannon’s experience in
creating the CBD product line Aeliza will prove instrumental in the creation of Orion’s own sports medicine CBD product lines.”
Ms. Ford-Smith started her career in healthcare with a focus within the orthopaedic and sports rehabilitation industry. She
owned and operated Perpetual Motion, three multidisciplinary sports rehabilitation clinics in Toronto. Her passion for helping
people fueled her desire to grow her brand of clinics. Her clientele included top tier athletes, professional sports teams as well
as leading hospitals within the GTA.
Recognized as the youngest educator at The Canadian College of Massage and Hydrotherapy as well as Sutherland-Chan Massage
School and Teaching Clinic, Shannon taught courses and led large teams of students in the school student clinic.
Ms. Ford-Smith’s experience includes several years as a business development consultant to many small and mid-size corporations.
She worked with executive teams to develop and implement business strategies and identify and open new revenue streams. Creative
and abstract problem solving has long been Shannon’s strengths she uses to help companies meet their goals and see new
opportunities.
“It is an honour to be joining the advisory board of Orion Nutraceuticals,” said Shannon Ford-Smith. “I am excited
to share my purpose and passion with an organization that has the same drive for positive change in cannabis and health.”
Grant of Options
The Company also wishes to announce that it has granted incentive stock options to of the Company to Shannon Ford-Smith for the
right to purchase up to an aggregate of 150,000 common shares of the Company, exercisable at the price of $0.43 per share for two
years. The effective date of the grant of option is November 20, 2018. The stock options granted will be in accordance with the
Company’s Stock Option Plan and will have the required four months hold period legend, pursuant to the Policies of the CSE and
regulatory authorities.
About Orion Nutraceuticals Inc.
Orion Nutraceuticals Inc. aims to set a new standard in cannabis life science by producing and developing innovative products
with key strategic partners in the industry. In conjunction with its professional sports strategic alliances, the company is
poised to advance research and development in the plant science sector, deliver science-based products and services, and market CBD
therapies to the mainstream with proprietary brands and products. Medic-Oasis, Orion's subsidiary, has submitted its
application for an ACMPR license and is currently under review with Health Canada. Build out is expected to begin in Q1 2019, with
completion of the 30,000 square foot facility expected by Q3 2019. Orion Nutraceuticals is partners with Colombian based medical
cannabis corporation FCM Global. FCM supplies pharmaceutical, nutritional, wellness, and cosmetic companies in legal markets
worldwide with customized medical cannabis extracts, oils, and isolates at commercial scale. Orion shares trade in Canada on the
CSE under the symbol ORI.
ON BEHALF OF THE BOARD
Jonathan Fiteni, CEO
Orion Nutraceuticals Inc.
www.orionnutra.ca
Investor Relations
Robin Linden, Director
1.604.313.2768
investors@orionnutra.ca
Keep up to date with Orion on our social media channels:
Twitter: @orionnutra
Facebook: @orionnutra
Instagram: @orionnutra
LinkedIn: @orionnutra
This news release may contain forward-looking statements based on assumptions and judgments of management
regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention
or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its
business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with
Canadian securities regulators, which are posted on www.sedar.com.
This news release does not constitute an offer to sell or solicitation of an offer to buy any of the
securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE
or CNSX Markets), nor its Regulation Services Provider (as that term is defined in policies of the CSE), accepts responsibility for
the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to
buy any of the securities described herein in the United States. The securities described herein have not been registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or
sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is
available.