Chilco River Holdings Announces Appointment of Texas and Colorado Executive Ted Jorgensen as Chief Operating Officer

New Executive Appointments Critical to Fueling the Company's New Business Initiatives

CHATSWORTH, CA / ACCESSWIRE / October 4, 2023 / Chilco River Holdings, Inc. ("Chilco River") (OTC PINK:CRVH), a multi-faceted holding company focused on developing high growth businesses within diverse industries, today announced the appointment of Ted Jorgensen as Chief Operating Officer.

This important addition to the management team reflects Chilco River's commitment to fostering innovation, operational excellence, and sustainable growth. Mr. Jorgensen earned his Bachelor of Science in Business Administration/Finance from Morningside University. Mr. Jorgensen is a distinguished professional with a rich background in successful business endeavors spanning multiple states over 5 decades. Mr. Jorgensen has an impeccable track record.

In 1987, Ted Jorgensen began his career as a real estate executive when he founded Colorado-based Jorgensen Properties. For over 30 years, Mr. Jorgensen built Jorgensen Properties to be a prolific participant in both commercial and residential real estate transactions in Colorado. Several years after founding Jorgensen Properties in Colorado, Jorgensen Properties expanded into the state of Texas. The total value of Jorgensen Properties' real estate transactions exceeded $550,000,000 while Mr. Jorgensen ran the company. Leading a team of licensed real estate professionals, Mr. Jorgensen earned a reputation as a reliable and ethical player in the Texas and Colorado real estate markets for his consistent integrity, professionalism, and outstanding client service.

After leaving Jorgensen Properties, Mr. Jorgensen founded two offices of ERA Signature in Wylie, Texas and Allen,Texas. Between the 2 offices and for a span of 24 years, Mr. Jorgensen led a team of approximately 50 licensed real estate professionals. During the 24 year period, Mr. Jorgensen's teams never generated less than $75,000,000 in revenue in a 12 month period. Mr. Jorgensen has been a trusted advisor to hundreds of residential and commercial real estate transactions during his tenure at ERA Signature.

In 2017, Ted Jorgensen retired from the real estate industry. He was then recruited by American Hemp Brands Inc. to become the CEO. This marked the beginning of a new chapter in his career, where he played a pivotal role in leading American Hemp in the new hemp products and CBD products industries. Following his rapid success at American Hemp Brands, Mr. Jorgensen was then appointed as the Chief Executive Officer of Canadian Green. His success at Canadian Green demonstrated his visionary leadership and ability to navigate the international markets which was instrumental in Chilco River's decision to recruit Mr. Jorgensen and to ultimately appoint him as the Chief Operating Officer of Chilco River Holdings.