logo-loader

CanaFarma Hemp Products promotes Frank Barone to chief operating officer

Published: 17:05 28 Apr 2020 EDT

Canafarma -
CanaFarm's products and services include growing top-quality hemp, providing hemp-processing services, and offering hemp-based products to consumers using a direct-to-consumer marketing approach

CanaFarma Hemp Products Corp (CSE:CNFA) said it has promoted seasoned executive Frank Barone to the role of its chief operating officer (COO) to support the firm's future growth.

Over the last 18 years, Barone has co-founded several consumer goods and services companies, including Barmensen Development, Next Gen Health Solutions and Associate Design LLC.

Each company specialized in taking nutritional supplements and cosmetics to market using direct-to-consumer strategies via both off-line and on-line methods. Barone oversaw all aspects of the business, including financial and operational infrastructure, channel strategy, legal and business development.

READ: CanaFarma Hemp Products signs agreement to purchase 25,000-square foot manufacturing facility in New Jersey

"We are very pleased to be putting Frank in charge of the operations of CanaFarma," said David Lonsdale, CEO of CanaFarma.

"He is a talented and seasoned executive in whom we have a great deal of confidence. I am looking forward to working closely with Frank as we execute on the strategies that we have developed."

CanaFarm's products and services include growing top-quality hemp, providing hemp-processing services, and offering hemp-based products to consumers using a direct-to-consumer marketing approach.

On Monday, the group revealed it was ready to kick off manufacturing of its hemp oil-based products after inking a letter of intent to purchase a 25,000 square foot facility in New Jersey from an unnamed private company.

The owners currently manufacture pharmaceutical and nutraceutical products, which CanaFarma plans to acquire and continue production.

The agreement is non-binding and a due diligence period is currently underway. The companies will negotiate a definitive agreement to acquire all assets of the private company once due diligence is completed.

Contact the author at giles@proactiveinevstors.com

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

1 hour, 25 minutes ago