Following completion of the IPO expected in May, 2017, Aurora will hold 19.9% of the fully paid ordinary shares in Cann Group.
The Commonwealth government in Australia amended its Narcotic Drugs Bill in February 2016 to legislate medical cannabis to provide an Australian supply and to encourage pathways to clinical trials. Cann Group seeks to become a leading producer and supplier of medicinal cannabis products to Australian patients. Cann Group is the first Australian company to be granted the necessary licences to cultivate medical cannabis for both research and human use, through its wholly owned subsidiary Cannoperations Pty Ltd.
Kush Bottles Appoints Kevin Nguyen as Director of Supply Chain
Kush Bottles, Inc. (OTCQB: KSHB), a provider of packaging, supplies, accessories and branding solutions for the regulated cannabis industry, announced it has added to its senior management team by hiring Kevin Nguyen as Director of Supply Chain, effective March 22, 2017. In his role, Kevin will lead the Supply Chain & Logistics team, which manages the buying and delivery processes, quality control systems, inventory supply targets, and product forecasting.
Mr. Nguyen has an extensive track record, including 14 years in forecasting, purchasing, and supply chain management at large international corporations. Prior to joining Kush Bottles, he managed a team of ten at Incipio Technologies as its Global Demand Planning Manager. At Incipio, he was responsible for their entire supply chain, including purchasing and demand planning. Prior to working at Incipio, he served as Supply Planning Manager at Belkin International where he managed and planned inventory for a business that sold $350M annually and had over 4,000 SKUs.
Kush Bottles, Inc. (OTCQB: KSHB) provides packaging products and solutions to producers, processors and retailers operating in the regulated medical and recreational cannabis industry. Founded in 2010, Kush Bottles has sold more than 100 million bottles and regularly services more than 3,000 customers across the United States and Canada. The company primarily services the business-to-business market, which includes legally operated medical and adult-use dispensaries, growers and marijuana-infused product (MIP) manufacturers.
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