TORONTO, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Quinsam Capital Corp. ("Quinsam" or the “Company”) (CSE:QCA) is pleased to announce the appointment of Terry Booth to the Board of Directors of the Company.
Mr. Booth is the CEO & Founder of Aurora Cannabis Inc. (“Aurora”) – one of Canada’s preeminent licensed cannabis producers. Mr. Booth oversees Aurora’s corporate strategy including operations, sales, patient acquisition, genetics development, regulatory affairs, facility expansion as well as communicating with capital markets and investors. Mr. Booth has served as President/CEO of six other highly successful companies where he developed his hands-on approach, leadership skills and developed a wealth of experience in government regulatory environments.
Roger Dent, CEO of Quinsam, commented, “Terry is the visionary and driving force behind one of North America’s most successful cannabis companies. His real-world cannabis knowhow and relationships in the industry will help to ensure the execution of our strategy to build robust partnerships and effectively deploy capital within the cannabis space.”
Terry Booth commented, “I am delighted to join the Quinsam board. Roger Dent has a long and successful career as an investor and money manager, and I am delighted to add to his team my business oriented cannabis experience. Along with the management team coming in with the High Standard acquisition, I believe Quinsam is positioned to become a significant force in the cannabis industry, and I’m looking forward to being a part of the team.”
Update on High Standard Acquisition
Quinsam wishes to provide an update on its joint effort with High Standard Royalty Corp. (“High Standard”) to form a cannabis focused specialty finance company. Quinsam’s previously announced acquisition of High standard (please see press release dated May 10, 2017) is proceeding as planned with a view to entering into definitive purchase agreements and receiving applicable regulatory approvals in short order.
Quinsam continues to see an attractive opportunity to act as a strategic capital partner in the cannabis space and further develop its diversified portfolio of cannabis holdings. Quinsam’s strategy is to generate attractive risk-adjusted returns by providing creative financing solutions to high-growth potential cannabis companies. Management believes that the acquisition of High Standard will provide the necessary cannabis-focused capital markets expertise and proprietary deal-flow to execute on that vision.
About Quinsam Capital Corporation
Quinsam is a merchant bank based in Canada. Our merchant banking business may encompass a range of activities including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital for its own account in assets, companies or projects which we believe are undervalued and where we see a viable plan for unlocking such value. We do not invest on behalf of any third party and we do not offer investment advice.
Generally, Quinsam does not believe that individual investments are material reportable events. Quinsam chooses to announce certain investments once the company is certain that it has finished buying its position because the Company feels that this information helps Quinsam's investors understand its investment decision making process. Generally, Quinsam does not announce the sale of investments.
This press release may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events, which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking words such as "anticipate", "believe", "continue", "expect", "goal", "plan", "intend", "estimate", "may", "project", "predict", "potential", "target", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.
By their nature, forward-looking statements require us to make assumptions which include, among other things, that (i) Quinsam will have sufficient capital under management to effect its business strategies, (ii) the business strategies will produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business strategies.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes that the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct. Some of the risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information expressed in this press release include, but are not limited to: market and general economic conditions, interest rates, regulatory and statutory developments, the nature of the Company's investments, the available opportunities and competition for investments, the concentration of the Company's investments in certain industries and sectors, reliance on key personnel, risks affecting the Company's investments, management of the growth of the Company, and exchange rate fluctuations. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although the Company has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking information, there may be other factors that cause events or results to differ from those intended, anticipated or estimated.
The forward-looking information contained herein is provided as of the date of this press release, based upon the opinions and estimates of management and information available to management as at the date of this press release. The Company does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release.