CannaRoyalty Announces Appointment of Proven CPG Executive and Former Molson’s President and CEO Daniel O’Neill To Board of Directors
Ottawa, Canada – June 11, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), a leading North American cannabis products and brands company, announced today that CannaRoyalty’s board of directors has approved the appointment of Daniel J. O’Neill, a proven leader in the consumer-packaged goods industry, effective following the Company’s annual shareholders’ meeting on June 13, 2018 (the “Meeting”).
The Company also announced that current board member Peter Kampian will not be seeking re-election to CannaRoyalty’s board of directors at the Meeting, as he will be assuming a management role with another cannabis company.
“On behalf of the board, I would like to welcome Daniel to CannaRoyalty. We are confident that his knowledge and proven track record of growing global brand portfolios in the CPG sector will complement the experience of our current board and enable CannaRoyalty to achieve its objective of becoming a leading cannabis consumer products company,” said Marc Lustig, CEO of CannaRoyalty. “Peter has been a valuable member of the CannaRoyalty board. We thank him for his contribution and wish him continued success in the future.”
Daniel O’Neill added, “With a rapidly developing North American and global footprint, deep relationships within the cannabis industry and a growing brand presence, CannaRoyalty is truly unique company. I look forward to joining this experience-rich Board of Directors at this exciting time for the cannabis industry and bringing my expertise to the business.”
Daniel O’Neill brings tremendous expertise to the CannaRoyalty Board with over 20 years of global experience in the Consumer-Packaged Goods (CPG) sector including experience in the highly regulated vaping market and the competitive beverages sector.
About Daniel J. O’Neill
Daniel O’Neill brings over 20 years of global experience as a senior leader in consumer-packaged goods. His most recent position was as Chairman and Chief Executive Officer of Electronic Cigarettes International Group. Previous to that, Daniel was the President and Chief Executive Officer of WinSport, Canada’s Winter Olympic training facility and Molson’s, one of the world’s largest beer companies. Before Molson’s, Daniel was the Executive Vice President of H.J. Heinz Company, President at the Campbell Soup Company, and Group Managing Director at S.C. Johnson, with leadership roles in North America, Europe, and Latin America. Daniel began his career at Colgate Palmolive, following earning a Master’s degree in Business from Queen’s University and a Bachelor’s of Arts from Carleton University in Canada. He also holds a degree in professional management development from the Harvard Business School.
CannaRoyalty is an active operator and investor in the global cannabis industry, with a strong focus on California, the world’s largest cannabis market. Our core mission is to become the leading global consumer product goods company for discerning cannabis consumers. We are currently focused on building a diversified portfolio of manufacturing, distribution, intellectual property, and infrastructure assets to achieve this goal. Our leadership team combines a passion and hands-on understanding of the cannabis industry, with seasoned financial and legal expertise. CannaRoyalty’s shares trade on the Canadian Stock Exchange (CSE) under the symbol CRZ and internationally on the OTCQX under the symbol CNNRF.
For further inquiries, please contact:
Jonathan Ross, CFA
LodeRock Advisors Inc.