May 12, 2016
Dale McClanaghan, President of Lotus Ventures Inc. announced today that Lotus has engaged Kilbride Partners to evaluate strategic alternatives for the financing of its production facility in British Columbia. Representing Kilbride Partners will be Mark W. Cosens, Founder and Managing Director and Scott Samuel, Managing Director.
Mr. McClanaghan says: “The representatives of Kilbride Partners recognize Lotus’ potential as afuture producer of both medical marijuana and recreational marijuana when it becomes legal in 2017. I feel confident that this new injection of expertise to the company will be very successful.”
Kilbride Partners is a multi-disciplinary strategic advisory business whose principals haveextensive track records in assisting public and private companies in generating shareholder value and attracting investment capital for its clients.
Mark Cosens’ experience includes corporate law, corporate and investment banking, and executive search. Prior to establishing Kilbride Partners, he was a Managing Director at Korn/Ferry International in Toronto, where he assisted a variety of organizations with executive recruiting and management assessments. Prior to Korn/Ferry, Mark worked in the Investment Banking groups at both Burns Fry Limited and CIBC Wood Gundy.
Scott Samuel has more than 25 years of investment banking and corporate legal work which has moved into a hands-on role with many entrepreneurial clients. Scott has had a long and distinguished career on “Bay Street” both in the executive management of financial institutions and in the transactional capital markets advisory role with clients. Scott recently completed the sale of Skura Corporation three years after raising capital for the private company. He was COO and CFO of Skura Corp.
ON BEHALF OF THE BOARD
Lotus Ventures Inc.
Dale McClanaghan, President and CEO
For further information, contact:
Dale McClanaghan, President and CEO - (604) 644-9844
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
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