May 31, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Bhang Corporation, one of CGOC’s private holdings:
Bhang Corporation (“Bhang”), one of CGOC’s private portfolio holdings provided an update to investors on listing on the Canadian Securities Exchange (“CSE”), and announced the appointment of key executives, including the top former Spirits executive, Tom Stien as President.
Bhang has received conditional approval from the CSE and are now completing the necessary steps to complete the previously announced Reverse Takeover Transaction (“RTO”) with Pele Mountain Resources Inc. (“Pele Mountain”), with the auditors completing their final review over the next few weeks. Pele Mountain has changed its name to Bhang, consolidated its outstanding shares, delisted from the TSXV and is preparing to complete the RTO and list its shares on the CSE (see Letter to Investors).
Tom Stien formerly served as Vice President of Edrington (brands including The Macallan, The Famous Grouse, Highland Park and The Glenrothes). Prior to that, he was Director of Sales at Palm Bay, a family owned wine producer and Distributor Manager at Diageo.Tom will have responsibility for the Company’s day-to-day operations with a focus on the continued development of Bhang’s strategic relationships with internal clients, external partners and regulatory groups.
Other key appointments include Samantha Ford Collins as Chief Marketing Officer, and Jeremy Applen as Bhang’s Chief Science Officer and Procedures Officer.
Bhang has also launched its new website and investor deck available at www.bhangnation.com
Bhang is committed to delivering exceptional sensory experiences to consumers at every point in their cannabis journey through its award-winning portfolio of brands. Bhang is a trusted global cannabis house of brands with an extensive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, including chocolates, pre-rolls, vapes, gums, beverages, gummies and mouth sprays, among others. Since 2010, Bhang has mastered the art of harnessing mutually-beneficial partnerships to bring safe, consistent and delicious products to the world.
For more information please visit www.bhangnation.com
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