/NOT FOR DISTRIBUTION IN THE UNITED STATES/
- Former BAT Senior Executive, Mr Remy Di Meglio, joins LGC as senior advisor Mr Di Meglio joins LGC after 27 years with global tobacco leader British American Tobacco (1991-2018).
- Remy will assist with the expansion of LGC's fast growing global legal cannabis businesses in Europe, Canada, Jamaica, Australia and elsewhere and will assist with negotiations onstrategic alliances.
Symbol: TSX-V: LG
MONTREAL, Sept. 6, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce that Mr Remy Di Meglio, a Swiss based, former senior tobacco executive, has joined LGC as a senior advisor.
Mr Di Meglio, brings extensive experience to the LGC team and its investee companies from the global tobacco sector, having served 27 years with British American Tobacco with last 10 years as:
- General Manager for Belgium, Luxemburg and the Netherlands, based in Amsterdam in the Netherlands (2014-2018);
- Regional Head of Other Tobacco Products (OTP) – Europe/Global, based in London in the United Kingdom (2012-2013);
- General Manager – GCC (KSA, Kuwait, UAE, Qatar, Bahrain, Oman), based in Dubai in the UAE (2010-2012);
- Area Marketing and Sales Director (KSA, Kuwait, UAE, Qatar, Bahrain, Iran, Iraq, Syria, Lebanon, Jordon, Palestine, Yemen), based in Dubai in the UAE (2008-2010);
- Global Head of Brand – Dunhill and Benson&Hedges, based in London in the UK (2008);
Mazen Haddad, Co-Chairman of LGC Capital stated: "We are pleased that a senior tobacco executive of Mr Di Meglio's caliber has decided to join our dynamic team as a senior advisor to the board. Revenue growth from LGC's fast growing global footprint is of key importance as we expand our legal cannabis growing and sales operations in Europe, Canada, the Caribbean, Australia and beyond. Mr Di Meglio will prove invaluable to the Company by assisting many of our operations with global branding, sales strategies and securing key customers, as we expand our product ranges. Mr Di Meglio can provide immediate assistance to Viridi-Unit in Switzerland that is already selling legal CBD cigarettes into the Swiss market. His high-level management expertise will also significantly strengthen our future negotiations with new commercial partners."
About LGC (www.lgc-capital.com)
LGC Capital is a leading investment firm with a focus on the legal global cannabis market. Through its portfolio of investee companies, LGC is building a world-leading, vertically integrated organization of interconnected legal cannabis companies with cultivation, processing and distribution in Australia, Jamaica, Switzerland, Italy, and Canada serving domestic and export markets. LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG).
Notice Regarding Forward Looking Statements
This press release may contain forward-looking statements with respect to LGC Capital Ltd. ("LGC") and their respective operations, strategy, investments, financial performance and condition. These statements can generally be identified by use of forward- looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of LGC and Global Canna Labs ("GCL") could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, government regulation and the factors described under "Risk Factors and Risk Management" in LGC's Management's Discussion and Analysis for the fiscal year ended September 30, 2017, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and neither LGC nor GCL has any obligation to update such statements, except to the extent required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Service 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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SOURCE LGC Capital Ltd
For further information: Chief Executive Officer, John McMullen, +1-416-803-0698, [email protected]; Chief Financial Officer, Anthony Samaha, +44-20-7440 0640, [email protected]; Investor Relations, Dave Burwell, +1-403-221-9015, [email protected]