BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a manufacturer of cannabis-infused beverages, announced Friday that its board of directors has appointed John Campbell as the company’s chief financial officer and corporate secretary.
In a statement, the Vancouver-headquartered company said Campbell’s appointment filled the vacancy left by Oleg Scherbina. BevCanna Enterprises thanked Scherbina for his contributions to the company.
Campbell has been with the company since November 2018 as chief strategy officer and director.
Separately, BevCanna granted 100,000 stock options to a consultant to purchase up to 100,000 shares. All 100,000 options granted vest immediately upon the grant and are exercisable for a period of three years from the date of grant at a price of $0.50 per share.
The options and shares issuable upon the exercise of the options held by the optionee, are subject to a hold period of four months from the day the stock options are granted.
BevCanna has doubled the size of its outdoor cannabis cultivation site to 292 acres, from 130 acres in its prime location in British Columbia's fertile Okanagan Valley, which also includes a 40,000 square foot manufacturing facility in Osoyoos, as well as a spring water aquifer.
The Vancouver company has multiple revenue streams, including house brands, white label bottling, and is actively pursuing acquisitions of brands. The firm utilizes patented technology to produce premium tasting, water-soluble cannabinoid infusions using THC and CBD from both cannabis and hemp.
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