Tweed Marijuana Inc. appoints Don Gibbs as CFO
OTTAWA, April 25, 2014 /CNW/ - Tweed Marijuana Inc. (TSXV: TWD) is pleased to announce that it has appointed Don Gibbs as Chief Financial Officer effective as of April 30, 2014.
Mr. Gibbs has a long history with Canadian companies, starting his career with Leigh Instruments and then moving to Mitel Corporation for eight years as its CFO and COO. During this period Mitel was listed as a public company, was active on several stock exchanges, and grew in sales revenue to $250 million. Later Mr. Gibbs was appointed CFO of Cognos Inc. and held that position at the time of Cognos' initial public offering. This was followed by a position as President and CEO of Gandalf Systems Inc. He later founded Positron Fibre Systems Corporation by spinning it out of a private Montreal company. In three years Positron Fibre Systems went public on NASDAQ and was sold for US$250 million. From 2007 to 2008 Mr. Gibbs was Chairman and CEO of Tarquin Group Inc., a TSX Venture Exchange listed company, and most recently Mr. Gibbs served as President and CEO of AirIQ Inc., a TSX Venture Exchange listed company.
Mr. Gibbs replaces Gerald Leahy who joined the company as CFO in a part time capacity on closing of its recent qualifying transaction.
"We are very happy to have Don Gibbs join us as our full time CFO" said Chuck Rifici, Tweed's President and CEO. "Don's experience at helping early stage public companies achieve success will be invaluable to Tweed as we move forward with implementing our business plan. At the same time we wish to thank Gerald Leahy for his instrumental role in the closing of the qualifying transaction and in the transition of Tweed into the public entity we are today."
All officer appointments remain subject to TSX Venture Exchange approval.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned subsidiary, Tweed, is a licensed producer of medical marijuana in Canada. The principal activities of Tweed are the production and sale of marijuana out of its facility in Smiths Falls, Ontario as regulated by the Marihuana for Medical Purposes Regulations.
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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