New Leaf Ventures Confirms Leadership Team in Preparation for Growth

VANCOUVER, British Columbia, May 20, 2020 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV)  (“New Leaf” or the “Company”) wishes to advise that pursuant to its acquisition of New Leaf USA, Inc. (“New Leaf USA”) and subsidiaries, the Company has finalized the makeup of its executive management and appointment of board members with immediate effect. With the close of its recent $1.1 million financing and concurrent listing on the Canadian Securities Exchange, the Company is actively moving forward with strategic plans for growth in the North American cannabis industry.    

The newly created corporate structure provides New Leaf and its subsidiaries with experienced leadership focused on the implementation and execution of business development aimed at driving business growth and shareholder value. The Company is pleased to confirm the appointments and roles of the following key individuals.

Michael Stier, CEO, New Leaf Ventures Inc.
Mr. Stier brings an extensive understanding of the equity markets having previously worked as an IIROC licensed senior financial advisor at CIBC’s Imperial Service Division. He previously served at a private equity company managing a portfolio of $20 million in private funds. He concurrently advised on projects with Greendrop Capital Corp. Mr. Stier studied business management at Kwantlen Polytechnic University and Okanagan College, specializing in finance.

Robert Colwell, CEO, New Leaf USA & Director, New Leaf Ventures Inc.
Mr. Colwell created Dama LLC, a medical cannabis concentrate company, which he subsequently merged with New Leaf Botanicals in the development of brands ultimately acquired by New Leaf USA.. Mr. Colwell brings extensive business, product development, sales, and marketing experience in the Cannabis sector. He earned extensive corporate development, sales, and manufacturing experience as the founder of Compression Technologies and TR Manufacturing, two composite manufacturing facilities based in Bellevue, Washington. He previously owned and operated a regional construction company for 10 years.

Boris Gorodnitsky, President, New Leaf USA & Director, New Leaf Ventures Inc.
Mr. Gorodnitsky brings over a decade of in-depth experience in cannabis agronomy and production for the medical marijuana sector. He participated in strategic brand developments ultimately acquired by New Leaf USA and remains focussed on business and new product development including the advancement and introduction of new processing technologies aimed at improving yield and quality. He previously enjoyed a career in software development with increasing leadership roles across several small start-ups to larger entities including Microsoft. He served as CTO at Advanced Marine Technology; an advanced navigation systems company located in Seattle. He was also the director of software development at Captura, an enterprise business software company in Kirkland, Washington.