Metals Update 14/06/2021

Khiron appoints Katterbach president of Khiron Europe

Khiron Life Sciences Corp. has appointed Franziska Katterbach as president, Khiron Europe, to replace Tejinder Virk, who has resigned from the company.

Ms. Katterbach appointed president of Khiron Europe

Since her appointment in October, 2019, to the role of managing director and chief legal counsel, Khiron Europe, Ms. Katterbach has been at the forefront of Khiron’s European operations. Ms. Katterbach’s promotion to the position of president aligns with the company’s commitment to diversity and inclusion throughout the organization, including at the executive level.

“I would like to congratulate Franziska on her appointment, which comes at a very exciting time for our European team. Since joining Khiron, Franziska has been a driving force behind our European operations. Her regulatory expertise, strong leadership skills and exceptional day-to-day management of operations have allowed us to develop a differentiated, asset-light platform. Most recently, the European team launched another new product into the German market while more than tripling shipment volumes, demonstrating strong execution in Europe’s largest market,” comments Alvaro Torres, chief executive officer and director.

Ms. Katterbach, president, Khiron Europe, comments: “I am a great believer in Europe’s medical cannabis market and am honoured to lead our world-class team as we expand patient access, along with our market presence, in Germany and the [United Kingdom]. On behalf of the company, I would like to thank Tejinder for his many contributions to our European operations and wish him well in his future endeavours.”

Mr. Virk’s resignation will result in the forfeiture of 2.2 million stock options and 600,000 restricted share units previously awarded.

WeedMD to release Q1 2021 results by June 30

WeedMD Inc. is providing a biweekly update on the status of the management cease trade order granted on May 3, 2021, by its principal regulator, the Ontario Securities Commission, in accordance with the alternative information guidelines set out in National Policy 12-203 — Management Cease Trade Orders following the company’s announcement on April 21, 2021, that it would be unable to file its annual audited financial statements, annual management’s discussion and analysis and related certifications for the year ended Dec. 31, 2020, on April 30, 2021, as required under applicable securities laws. The company subsequently filed its required annual filings on May 31, 2021.

Update on 2021 interim financials

On May 14, 2021, the company also announced that the filing of its unaudited interim financial statements, management’s discussion and analysis, and related chief executive officer and chief financial officer certifications for the three months ended March 31, 2021, will be delayed beyond the filing deadline of May 31, 2021. The company will post the required interim filings on or before June 30, 2021.

The delay in the completion of the required interim filings is also as a result of certain personnel changes in the company’s finance department, including the company’s previous chief financial officer tendering his resignation on April 13, 2021, and which resignation has prevented the company’s officers and directors from preparing the company’s regulatory filings in a timely fashion. The company is working expeditiously to complete the required interim filings as soon as possible and fully expects to file on or prior to June 30, 2021. It is expected that, following the company’s filing of the required annual filings, pursuant to the terms of the MCTO, the MCTO will remain in effect until two full business days following the filing of the required interim filings, or further order of the director of the Ontario Securities Commission.

Mission Ready hires Integral for market-making services

Mission Ready Solutions Inc. has retained Integral Wealth Securities to provide market-making services in accordance with TSX Venture Exchange policies. Integral will trade shares of Mission Ready on the TSX Venture to maintain an orderly market, improve the liquidity of the company’s shares and provide the company with market intelligence.

Under the terms of the agreement, Integral will receive a $7,000 per month cash fee for a 12-month period. Mission Ready shall have the option to terminate after six months by providing written notice one week prior to the end of the sixth month. After the 12 months, the agreement may be terminated by Mission Ready at any time upon 30 days written notice.

Mission Ready and Integral are unrelated entities. Integral has no present, direct or indirect interest in the company or its securities. There are no performance factors in the agreement, and Integral will not receive shares or options as compensation. Integral is a member of the Investment Industry Regulatory Organization of Canada. Accordingly, Integral can access all Canadian stock exchanges and alternative trading systems.