Element appoints two additional board members
BURLINGTON, Ontario – (COMMERCIAL THREAD) – Element Nutritional Sciences Inc. (CSE: ELMT) (the âCompanyâ or âElementâ) is pleased to announce that Tracie Crook and Greg Cochrane have been appointed to the Company’s Board of Directors.
Recognized as a results-driven change strategist, Tracie Crook was COO at McCarthy TÃ©trault LLP, one of Canada’s leading national law firms. As Chief Operating Officer of McCarthy’s and President of MT Services LP, Tracie has helped transform this 160-year-old institution to create a world-class delivery team for the future.
Prior to McCarthy’s, Tracie honed her reputation as a change leader as President and CEO of ResMor Trust Company, as Director of Business Management for TSX Group and during progression to senior roles. at Sprint Canada.
A Chartered Director, Tracie currently sits on the Advisory Board of Alexa Translations, AECO Innovation Labs, Embassy Flavors, The Prosperity Project, and is a former board member of YAPPN, the Union of Public Service Employees. Government of Ontario, Housing Services Inc. and GMAC Residential Finance of Canada Limited.
Tracie is a sought-after expert, speaker and columnist on leadership strategies for organizational transformation and the career advancement of women.
Mr. Cochrane is Managing Partner of VRG Capital, a private equity family office. Mr. Cochrane joined VRG Capital in 2011 and has been a lead investor and / or director in a number of public and private companies.
Mr. Cochrane’s long career began in brand management of packaged goods at General Electric and SC Johnson. In 1981 he bought Mariposa Communications and by 1997 he and his business partner had built the largest corporate events business in Canada, which they sold to the Mosaic Group.
Greg currently serves on the advisory boards of Kensington Capital and the Stephen JR Smith School of Business at Queen’s University. He is a founding donor of the Center for Business Venturing at Queen’s University and was the first co-chair of âCapitalize 4 Kidsâ, Canada’s premier investment conference. He has served on the board of directors of groups and associations such as Junior Achievement, The Down Syndrome Association of Toronto, The Canadian Business Hall of Fame, St. Josephs Health Center and many others. In 1992, Greg received Canada’s 125th Anniversary Commemorative Medal for Community Volunteering.
Greg holds an MBA from the Smith School of Business at Queen’s University, Kingston, Ontario, and a BBA from Bishops University in Lennoxville, Quebec.
âWe are delighted to add Tracie and Greg to our Board of Directors,â commented Element President and CEO Stuart Lowther. âTracie and Greg’s experience and expertise in coordinating scalable operations and innovation in executive management will be key assets for Element as our business accelerates. ”
The Company also announces the granting of 1,500,000 incentive stock options (the âoptionsâ), with an exercise price of $ 0.70 per option, to certain directors under its management plan. ‘existing stock options. The options can be exercised for a period of five years and vest 50% in one year and 50% in two years.
About the item
Element is an innovative, research-driven Canadian nutraceutical company specializing in the development of scientific products for the global consumer packaged goods market, with a portfolio specifically focused on men and women over 50. Element’s flagship product, Rejuvenate â¢, is a proprietary formulation that is clinically proven to help rebuild, restore and rejuvenate natural loss of muscle mass due to aging or other medical conditions. Element also offers JAKTRX â¢, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ontario.
To learn more about Element, visit elmtinc.com.
More information on Rejuvenate â¢ can be found at: www.rejuvenatemuscle.com
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement involving discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance, “anticipates” or “does not anticipate”, “plans”, “budget”, “planned”, ” foresees â,â estimates â,â believes âorâ, events or results âmayâ or âcouldâ, âwouldâ, âcouldâ or âcouldâ be regarded as occurring or be achieved) are not statements of historical fact and may be forward-looking statements.
These forward-looking statements are based on reasonable assumptions and estimates of the management of the Company at the time these statements were made. Actual future results may differ materially, as forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance or achievements. futures expressed or implied by these forward-looking statements. These factors include, but are not limited to: fluctuations in general macroeconomic conditions; expectations regarding the size of the health, nutraceutical and wellness markets in the United States and Canada and changing consumption patterns; the viability of the Company’s products; the availability of distribution channels for the Company’s product offerings; the Company’s ability to successfully achieve its business objectives; expansion plans; the successful development of the products offered by the Company; the presence of laws and regulations which may impose restrictions or recalls on the sale of the Company’s products in the United States and Canada; customer and distributor relations; fluctuations in the securities markets; and the Company’s inability to obtain adequate insurance to cover risks and hazards. Although the forward-looking statements contained in this press release are based on what the management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with these. forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or expected. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The Company assumes no obligation to update forward-looking statements of beliefs, opinions, projections or other factors, if they change, except as required by law.
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