Spyder Cannabis Appoints Chief Operating Officer; Grants…


Vaughan, Ontario–(Newsfile Corp. – Might 25, 2021) – Spyder Hashish Inc. (TSXV: SPDR) (“Spyder” or the “Firm“), a longtime Canadian hashish and vape retailer, introduced at this time the appointment of Christina Pan as Chief Working Officer of the Firm, efficient Might 21, 2021. Ms. Pan has been promoted to this new function after serving as Chief Working Officer of 180 Smoke, the Firm’s lately acquired main omni-channel Canadian vape retailer with 26 places throughout Ontario and a robust e-commerce presence. In her new function, Christina will oversee all operations of the Firm together with the buildout of Spyder’s hashish retail footprint throughout Ontario and Alberta with rapid alternatives to transform sure of the Firm’s vape retail places to hashish dispensaries.

Ms. Pan has 10 years of expertise in retail, QSR and CPG. Since September 2019, Christina has been main the 180 Smoke enterprise and assisted with the acquisition of 180 Smoke by the Firm. In 2018, Ms. Pan joined the booming hashish sector as a key member of Origin Home’s (acquired by Cresco Labs Inc.) company growth workforce the place she spearheaded transaction, due diligence and integration for all retail and advertising associated property. Previous to Origin Home, Christina was at an iconic Canadian model, Tim Hortons (RBI/3G), which oversees the system of 4,000+ eating places throughout the nation. At Tim Hortons, Ms. Pan was concerned in all elements of the enterprise the place she led class technique, product innovation and loyalty growth. Previous to Tim Hortons, Christina developed sturdy advertising and gross sales abilities at Revlon Cosmetics the place she launched varied award-winning merchandise and actively managed key accounts. Ms. Pan holds HBA and MBA levels from Ivey Enterprise College (Western College).

The Firm has additionally granted and issued choices for the acquisition of as much as 2,575,000 frequent shares of the Firm to sure of the Firm’s staff, officers and administrators. The inventory choices have been granted on Might 21, 2021 in accordance with the Firm’s inventory possibility plan and the insurance policies of the TSX Enterprise Change and are exercisable for a interval of 4 years from the date of issuance at an train value of $0.10 per frequent share. The inventory choices issued by the Firm are topic to a compulsory maintain interval of 4 months and a day underneath relevant Canadian securities legal guidelines.

The appointment of Ms. Pan stays topic to overview and approval by the TSX Enterprise Change.

About Spyder Hashish Inc.

Spyder is a longtime hashish and vape retailer that owns and operates two licensed-dispensaries underneath the model SPDR Hashish in Ontario and Alberta and the vape retail manufacturers 180 Smoke and Spyder Vapes. 180 Smoke is a number one omni-channel Canadian vape retailer with 26 places throughout Ontario and a robust e-commerce presence with over 95,000 registered clients. 180 Smoke and Spyder Vapes retail shops promote vape and nicotine-related merchandise, natural vaporizers and equipment, and different smoking cessation merchandise. Spyder’s vape manufacturers are dedicated to assist grownup people who smoke who search alternate options to conventional flamable tobacco merchandise.

Cautionary Statements

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Sure statements contained on this press launch represent forward-looking data. These statements relate to future occasions or future efficiency of the Firm. Using any of the phrases “may”, “intend”, “count on”, “consider”, “will”, “might”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic details are supposed to determine forward-looking data and are primarily based on the Firm’s present perception or assumptions as to the end result and timing of such future occasions. Precise future outcomes might differ materially. Specifically, this launch comprises forward-looking data referring to the Firm changing vape retail places to hashish dispensaries. Varied assumptions or components are usually utilized in drawing conclusions or making the forecasts or projections set out in forward-looking data. These assumptions and components are primarily based on data at the moment out there to the events. The fabric components and assumptions embody that the Firm’s administration possesses the talents and competencies needed to extend the Firm’s retail footprint, regulatory and different third-party approvals, and licensing. Ahead-looking data essentially contain recognized and unknown dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied in such forward-looking statements. Such dangers and components embody, however aren’t restricted to, the danger that the Firm’s administration is unable to acquire licensing and different regulatory approvals essential to convert the vape retail places to hashish dispensaries. The forward-looking data contained on this launch is made as of the date hereof and the events aren’t obligated to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines. Due to the dangers, uncertainties and assumptions contained herein, traders shouldn’t place undue reliance on forward-looking data. The foregoing statements expressly qualify any forward-looking data contained herein.

For additional data, please contact:

Spyder Hashish Inc.

Cameron Wickham

Government Vice Chair & CEO

T: (905) 330-1602

E: [email protected]

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/85174

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