New Age Farm Announces Appointment of New President/Chief Executive Officer and Board Member
North Vancouver, British Columbia (FSCwire) - New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or the “Company”) is pleased to announce the appointment of its new President/CEO and Board Member. The Company is pleased to introduce David Joshua Bartch as the Company’s new CEO. After years of exercising his passion for business starting at very a young age, David Joshua Bartch's entrepreneurial career took off in 2009 when he co-founded AudioTranscriptionist.com, a successful transcription website. In November of 2009, Bartch founded Doctors Orders, a Dispensary based in Denver, Colorado. He continued to scale Doctors Orders as a brand and a company throughout the state of Colorado with the desire to include both retail and cultivation among this business. Once 2013 rolled around; Bartch expanded Doctors Orders across the nation, successfully incorporating various dispensary, cultivation and extraction brands.
During this same year, he also founded a boutique investment firm with a strong presence in both the US and Canadian markets. This boutique investment firm was built to focus on both public and private business opportunities for the purpose of facilitating M&A, reverse take overs, reverse mergers, and a number of different financings. Bartch and his team have been instrumental in placing 10’s of millions in transactional value and cash for a variety of companies, both in the US as well as Canada.
In 2014, Bartch cofounded Cannabase.io, the USA's largest legal and sophisticated cannabis wholesale platform. Due to his strong focus on the bourgeoning Hemp industry, Bartch made the decision to gradually divest his Cannabis assets. Helix TCS later acquired Cannabase.io.
Bartch states, “I’d like to thank the previous management team for their work over the years with the Company. I’m excited to take the reins and work hard for the Company and its loyal shareholders to build and grow the Company. Myself, Benjamin Martch and Erik Knutson are cannabis industry veterans that have been responsible for founding and building some of the largest companies currently operating in the space. We are looking to apply those same successful principles and leverage our vast relationships to push this company forward.”
Additionally, the Company is pleased to announce Erik Knutson as our newest member of the New Age Farm Board of Directors. Starting in 2010, Mr. Knutson began working with a number of licensed medical marijuana organizations to establish compliant operating procedures. Since that time he has helped shape industry standards surrounding super-critical CO2 extraction techniques and oral liquid medical marijuana delivery systems.
Since August 2014, Mr. Knutson has served as the Chief Executive Officer and Chairman of CanCore Concepts, Inc. In 2013, Mr. Knutson also co-founded Denver Packaging Company (“DPAC”), a licensed Colorado Medical and Adult-Retail Cannabis Manufacturing company. Additionally, he is a co-founder, Board Member and President of the American Trade Association for Cannabis and Hemp (“ATACH”).
In 2012, Kelly and Erik Knutson (brothers) founded Isolate Extraction Systems, Inc. (IES). Since then IES has sold over 50 commercial extraction machines into the regulated Cannabis space. Many of these machines went to start-up businesses in burgeoning medical marijuana states. Together, IES and CCC have assisted dozens of companies in Canada, Puerto Rico, California, Arizona, Nevada, Washington, Oregon, Pennsylvania, Colorado and New York with processing/ extraction operations. Mr. Knutson received his Bachelors Degree in Business Management from the University of Colorado in 2009.
Knutson states, “First, I’d like to thank the previous management team and board on the work they have done in founding and positioning the Company for future success. I am very excited and pleased to join the executive team at New Age Farm. The hemp industry is positioned for huge growth and I believe this company has the potential to be incredibly disruptive in the space. I am also excited with the addition of Josh as CEO. Mr. Bartch brings incredibly strong leadership to the organization and possesses both the experience and knowledge necessary to bring this company to the next level.”
Additionally, Mr.Ben Martch, interim CEO will be reappointed to CMO. The Company feels Mr.Martch will excel in this position given his extensive marketing background. Mr.Martch will continue as CEO of We Are Kured.
About New Age Farm
New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. In November 2012, the Washington State Liquor and Cannabis Board (“WSLCB”) passed Initiative 502 (“I-502”). I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. New Age Farm provides innovative solutions for growers and processors in this burgeoning industry.
About We Are Kured, LLC
Kured is a wholly owned subsidiary of New Age Farm, acquired in December 2017. Kured is building an innovative online CBD and lifestyle company. Kured has partnered with best in class hemp cultivators, edible manufacturers, cutting edge product formulators to develop, market and distribute multiple lines of CBD products including, but not limited to, CBD vaporizer pens, topicals, gel capsules and more. All of We Are Kured’s products are 100% THC free and will be available for purchase internationally. THC, or tetrahydrocannabinol, is the primary active ingredient in cannabis. Kured expects to launch its first product, a fully loaded, 250 mg disposable terpene infused, hemp derived CBD vaporizing pen shortly. The vape pens will be available in three variations: Sunshine (Sativa blend), Moonlight (Indica blend) and Anytime (hybrid blend). Please bookmark http://wearekured.com, where Kured is in the process of building out a full website where consumers will be able to learn more about the company and purchase its products.
For further information about New Age Farm, please consult the Company’s profile on SEDAR at www.sedar.com.
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On Behalf of the Board of Directors
Benjamin Martch Interim CEO, New Age Farm Inc. | For Further Information Contact
Corporate Communications 888-871-3936 |
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The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to completion of planned improvements at both the Canadian and US sites on schedule and on budget, the availability of financing needed to complete the Company’s planned improvements on commercially reasonable terms, planned occupancy by the tenant-growers, commencement of operations, differences in yield on expected harvests, delays in obtaining statutory approval for marijuana production plans, issues that may arise throughout the grow period, outdoor crops affected by weather, the ability to mitigate the risk of loss through appropriate insurance policies, and the risks presented by federal statutes that may contradict local and state legislation respecting legalized marijuana. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
This news release does not constitute an offer of securities for sale in the United States. These securities have not and will not be registered under United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon.
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Source: New Age Farm Inc. (CSE:NF, FWB:ONF, OTC Pink:NWGFF)
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