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Geyser Brands Inc.

TSXV Exchange | Aug 6, 2020, 12:28 PM EDT | Real-time price

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Geyser Brands Announces New CFO

(via TheNewswire)



July 20, 2020 - TheNewswire - Vancouver, B.C. - Geyser Brands Inc. (TSXV:GYSR) ("Geyser Brands" or the "Company") is pleased to announce it has signed a management agreement with Global Harbor Link Inc. and the appointment of Global Harbor Link director Amir Abdollahzadeh as CFO.

With over 25 years of executive operational and Financial responsibility to private, Government owned and publicly traded companies in retail, Supermarket, pharmacy and logistics supply chain companies, Amir has extensive experience in designing, implementing and operating operations in North America and Europe. In his last role as the COO of ContainerWorld Forwarding services, Amir managed the financial and operation of largest Canadian privately held alcohol distribution company. In his role he worked with all federal and provincial government agencies to ensure compliance and regulatory updates. Amir's experience includes due diligence process, acquisitions, start-ups, executing growth strategy, developing high performance management teams, operational & process improvement, contract negotiation and customer relationships. His work experience included the Hudson Bay, Wal-Mart, Loblaw's Group of companies, Canada Post subsidiary SCI group. Amir holds a BA degree from Isfahan university and CMA, CPA designation through university of Victoria. Amir is Green Belt in Six Sigma and a black belt Candidate from American Society of Quality.

The Company also announces that Shawn Balaghi is no longer in the CFO role of the company. The Company wishes to thank Mr. Balaghi for his services.


The Company also wishes to announce that the previous entered Joint Venture with Factory Brewing Ltd. has terminated, due to the expiry of the setup period, which deadline was December 31, 2019.

The Company also will issue 1,350,000 ESOP options at $0.14 for a period of five years for employees, officers, directors and consultants.

ABOUT GEYSER BRANDS

Geyser Brands Inc. develops consumer product brands in the health and wellness sector that use hemp and CBD as a value-added ingredient. These involve next-generation formulas that focus on the mix of cannabinoids for specific conditions such as insomnia, anxiety and pain. Proprietary delivery technologies include all natural nano-technology, slow-release mechanisms and non-molecule degrading baking processes. In anticipation of coming edibles legislation, and with its Health Canada approved Licensed Production Facility, Geyser Brands has 15,000 square feet in two GMP facilities in Vancouver, BC.

For more information, visit the company's website at geyserbrands.com.

On Behalf of the Board of Directors

"Andreas Thatcher"

____________________________________

Andreas Thatcher

Director and CEO

athatcher@geyserbrands.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information relating to Geyser is available at www.sedar.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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