CAN (ON): New management appointments to support expansion

CEN Biotech has appointed a bunch of people to the Executive and Board of Directors.

Mr. Joseph Byrne was appointed as President and Director and will lead the Company's long-term strategy and regulatory compliance activity. Mr. Bill Chaaban was appointed as the Chief Executive Officer (CEO) and will also continue to serve as the Chairman of the Board and be responsible for the day-to-day direction of the Company.

Mr. Jeffrey Thomas, age 46, is a Director of Product Development for Emergence Global Enterprises Inc. and President of NuBreed Nutrition Inc. Mr. Thomas has over 20 years of experience in product development, manufacturing, and export regulations in the food and nutrition industries. We believe that his expertise in development will provide the Company with extensive knowledge on import and export requirements and doing business in foreign markets.

Mr. Rick Purdy, age 45, is President of Herc Holdings Inc. Mr. Purdy is also involved with real estate development, oil and gas environmental technologies, and nutraceutical and natural health products. He founded Canada's largest and first commercial-scale indoor aquaponic vertical farm over 12 years ago outside of Edmonton, Alberta. We believe that Mr. Purdy's extensive experience in agriculture and market development will bring a great amount of know-how and ability to the Board.

"We believe that these appointments strengthen the management and governance structure of the Company and will assist in the roll-out of our expansion plans in 2021. It is especially rewarding to have Joe Byrne back as President of the Company. We believe that both Rick and Jeff provide needed skillsets within the Board as we embark on our next steps in seeking to realize the full potential of the Company," commented Bill Chaaban, CEO and Executive Chairman of the Company.

For more information:
CEN Biotech
7405 Tecumseh Road East, Suite 300
Windsor, Ontario, Canada N8T1G2
1 (519) 419-4958

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