(Photo Credit - Nick Youngson)
On October 25th, Aphria Inc. (TSX:APH) (OTC:APHQF) held its annual general and special meeting, where the company added two new directors to its board.
The board of directors for a public company is a group of professionals that are elected to be representatives of the stockholders in order to refine corporate policies and structure as well as to make important decisions on company initiatives such as expansions or acquisitions.
Now that Renah Persofsky and Shawn Dym were elected as new directors of Ahpria, we wanted to give shareholders some background on them and the strengths they bring to the company.
Renah Persofsky is an executive consultant in the Innovation Group at CIBC. She is a widely-respected entrepreneur and strategist with a successful track record of creating 27 start-up companies and a rich history of investing in early stage companies. Ms. Persofsky serves as Board Chair for mobile on-demand senior care and child care start-up BookJane, advises award winning payment card and platform technology firm Dynamics Inc., and is a board member for retail/QSR automation software specialty firm MeazureUp Inc.
Shawn Dym is a managing director at York Plains Investment Corp., a private investment vehicle focused on maximizing absolute returns by investing in a wide array of asset classes, including successful cannabis related investments. He currently serves on the board of advisors for Green Acre Capital, Canada's first private investment fund focused on the cannabis industry, as well as the board of directors at Wellpoint Health and Totally Green.
"We are pleased to welcome Renah and Shawn to Aphria's Board of Directors. Together, they bring valuable capital markets and cannabis industry expertise that will be instrumental in driving Aphria's strategic direction as a global leader in the cannabis industry. Their passion for success in growing dynamic companies will be a tremendous asset to the board," said Vic Neufeld, Chief Executive Officer of Aphria.
For those not familiar with Aphria, the company is one of Canada's lowest cost licensed producers of medical marijuana. The company is based in Leamington, Ontario, which is known as the greenhouse capital of Canada. Aphria is truly powered by sunlight, allowing for the most natural and high-margin growing conditions available.
To read the press release announcing the new additions, click here. Be sure to subscribe to one or more of our free e-mail newsletters so you never miss an important marijuana stock update. Also, don't forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, YouTube, and Instagram.