Mayr, a former audit partner at the accounting giant, amassed diverse experience in the cannabis, mining, forestry, technology, life sciences, retail and industrial markets sectors. He was the lead engagement partner or quality review partner on many of KPMG's largest clients in said industries, including several multinational reporting issuers.
A seasoned accounting professional, Mayr was a founding member of CICA Accounting Standards Board in the early 1990s and served on multiple provincial and national accounting associations.
READ: Next Green Wave sees US$2.9 million in profit during its second quarter, sets new sales records for July and August
"Norm's extensive experience in not only governance, finance and risk management, but also California Cannabis, makes him a perfect addition to guide this company into its next stages,” CEO Mike Jennings said in a statement Wednesday.
“We could not be more excited to have someone of his calibre, and relevant experience, on our team."
Next Green Wave also said it granted 2.45 million stock options to its board of directors exercisable at C$0.25 per share with a five-year expiry date. Under the stock option plan, 850,000 stock options will vest 25% every six months for a period of two years and 1.6 million stock options will vest 100% on the date of grant.
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