Trius Adopts Amended Investment Policy and Appoints Additional Director

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FREDERICTON, New Brunswick, May 14, 2020 (GLOBE NEWSWIRE) -- Trius Investments Inc. (TSXV:TRU.H) (“Trius” or the “Company”) is pleased to announce the following updates.

Investment Policy
Trius’ board of directors has adopted an amended and restated investment policy (the “Investment Policy”) to govern its investment activities and investment strategy.

The Investment Policy is robust and provides the Company with additional flexibility in light of volatile market and economic conditions resulting from the COVID-19 pandemic, which the Company expects to persist for an uncertain period of time. The Company will initially maintain a focus on the healthcare and wellness sectors, although the Investment Policy allows for greater latitude when sourcing and structuring future investments and transactions, which will allow Trius to seize on opportunities amidst the volatility.

A copy of the Investment Policy will be posted on the Company’s SEDAR profile at www.sedar.com.

Director Appointment
Trius has appointed Marisa Muchnik to its Board of Directors (the “Board”) as an additional independent director, subject to regulatory approval by the TSX Venture Exchange (“TSXV”).

Ms. Muchnik is currently the Assistant General Counsel of Ferrero Canada Limited, a leading global chocolate and confectionary manufacturer. In this role, Ms. Muchnik advises the company on a variety of matters, with a significant focus on food law, advertising and marketing law, intellectual property law and general commercial matters. She previously practiced as an associate at Stikeman Elliott LLP for four years before joining Nestle Canada Inc. as in-house counsel. As such, Ms. Muchnik has extensive knowledge on food trends and regulatory requirements in the consumer packaged goods space.

Ms. Muchnik graduated from Osgoode Hall Law School with a Juris Doctor and received her Honours Bachelor of Arts from the University of Western Ontario.

Ms. Muchnik will replace Trius’ President and CEO on the Audit Committee, so that it is comprised entirely of independent directors.

Damian Lopez, Chair of the Board of Trius, commented: “We welcome Marisa to the Board. In addition to bolstering Trius’ corporate governance, we are confident Marisa’s industry expertise will be useful in our evaluation of new investments and opportunities.”

Financial Statements
Trius’ financial statements and related materials for the first quarter ended March 31, 2020 have now been filed to SEDAR. The Company maintains a significant cash balance and is pleased to report the second consecutive year in which its first quarter has been profitable.