SOL Global Investments Corp. (“SOL Global” or the “Company“) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to announce several exciting changes and additions to its management team and Executive Board.
As previously announced on January 8, 2020, upon the completion of the proposed business combination between Goldstream Minerals Inc. and SOL Global portfolio company, CannCure Investments Inc., SOL Global Chief Executive Officer Brady Cobb will transition to become CEO of the combined entity, Bluma Wellness, Inc. (“Bluma”) Brady will officially transition from his role as CEO and Director of SOL Global on June 1, 2020. Bluma common shares will be listed for trading on the Canadian Securities Exchange.
Bluma will operate as a licensed, vertically integrated medical cannabis company in the State of Florida through its wholly owned operating subsidiary, 3 Boys Farm, LLC, doing business as “One Plant Florida.” One Plant Florida currently operates three (3) medical cannabis retail dispensaries in the State of Florida (with ecommerce driven curbside pickup) in addition to providing a robust statewide (excluding areas west of Panama City Beach, Florida) home delivery platform. One Plant Florida intends to open an additional seven (7) retail dispensaries and/or delivery hub locations on or before December 31, 2020, which will be strategically located throughout Florida (subject to the receipt of all regulatory approvals). One Plant Florida has cultivation and processing facilities located in Indiantown, Florida and Ruskin, Florida. One Plant Florida operates a 54,000 square foot state-of-the-art Nexus Greenhouse facility on its 33-acre Indiantown, Florida farm. In Ruskin, Florida, One Plant Florida operates a 24,000 square foot greenhouse facility, in addition to a GMP-certified cure, processing/packaging and extraction facility.
“It has been my honor and privilege to serve as the CEO of SOL Global through unprecedented times, in the nascent marketplaces such as cannabis in esports in which we have continually executed upon our investment strategy,” said Mr. Cobb. “I am confident in our investments, so much so that I am transitioning from SOL Global to continue the building and scaling up of one of SOL Global’s own portfolio companies, One Plant Florida. I want to thank the entire team at SOL Global and our Board Members and shareholders for their wholehearted support, and for this amazing opportunity.”
SOL Global Executive Chairman Andy DeFrancesco will serve as interim CEO of SOL Global while the Board considers candidates for the position.
Additionally, SOL Global is pleased to announce that Paul Kania has joined the Company as Chief Financial Officer, replacing transitioning CFO Peter Liabotis. Mr. Kania, a registered Certified Public Accountant with the State of New York, is the Principal of PLK Accounting & Finance Inc., which provides CFO and Board services to publicly listed entities. Prior to founding PLK, Mr. Kania worked as an auditor at firms such as MNP LLP in Toronto, and Berdon LLP in New York City, before joining Brookfield Asset Management as a manager in their Corporate Finance department. Mr. Kania graduated with an HBA in Economics and Philosophy from the University of Toronto and has a Finance and Accounting Certificate from Ryerson University.
Mr. Liabotis will continue working with SOL Global in a special advisory position with a number of SOL Global’s portfolio companies.
Finally, SOL Global is pleased to announce that Arena J. Prado-Acosta has joined the Company’s Board of Directors and will also assume the Chairmanship of SOL Global’s audit committee. Prado-Acosta is a Certified Public Accountant with extensive experience in international taxation and audit. After obtaining a bachelor’s degree in accounting from Florida International University in 1995, Prado-Acosta worked for a local CPA firm in Miami and in 1998 obtained her CPA license from the Florida Board of Accountancy, before going out on her own. Prado-Acosta has managed her own firm for the past 22 years, with a focus on small business clients and specializing in corporate tax, international taxation, independent audits, and representation before the Internal Revenue Service.
SOL Global is thrilled to welcome the experienced and talented new members of its management team and Board.
About SOL Global Investments Corp.:
SOL Global is an international private equity company with a focus in the small- and mid-capital investment sectors. SOL Global is sector-agnostic, but its core holdings target QSR, retail, tech, agriculture, hemp and cannabis in legalized jurisdictions, consumer-packaged-goods, Esports, gaming and media companies. SOL Global’s objective is providing shareholders with above-average returns through capital appreciation, dividends, and interest from its investments.
