ORCHID VENTURES, INC. (:ORCD) Orchid Ventures Announces the Appointment of a New CFO

Directive transparence : information réglementée

21/01/2022 13:30

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Orchid Ventures, Inc. (the "Company" or "Orchid") (CSE:ORCD)(OTC PINK:ORVRF), a multi-state cannabis innovation company, announced today that it has accepted the resignation of Yousuf Jaffar, CFO, and has appointed Richard Brown, President, as its new CFO effective January 17, 2022..

Richard Brown is a seasoned executive with over 30 years of executive leadership with enterprises such as Yum Brands, TacoBell, Burger King, Gillette, Unilever, H&R Block, Smile Brands and others. Richard has been the President of the company since 2019, and will now serve in both roles with the support of GrowthLabs Financial. GrowthLabs is a Finance-as-a-Service partner that serves founders and management teams with financial planning and analysis, Book-keeping, Accounting, Virtual-CFO and Tax Advisory and Planning services. Richard's leadership experience is key to the foundation of Orchid Ventures.

The Company has also appointed its Chief Product Officer, Luke Hemphill, as Corporate Secretary. Luke has been with the Company since its inception.


Orchid Ventures is a California-based cannabis innovation company that has developed a mass-market brand and loyal consumer following with its premium cannabis products and unique vape hardware delivery systems. Orchid also owns 100% of PurTec Delivery Systems, a company that produces, markets and sells clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU and has unrivaled product quality and value pricing. Orchid's management brings significant branding, product development and distribution experience with a proven track record of scaling businesses and building sustainable revenue growth through value-generating partnerships and innovation that creates enterprise value. Learn more at https://purtecdesigns.com/


Corey Mangold
CEO and Chairman

Investor Relations
Corey Mangold

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Safe Harbor Statement

Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Orchid Ventures, Inc. and Orchid Essentials any of its affiliates or subsidiaries (collectively, the "Company") or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's Canadian securities regulatory filings with sedar.com, Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company's Canadian securities regulatory filings with sedar.com. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Orchid Ventures, Inc.

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