BellRock Brands Announces Management Change

DENVER — BellRock Brands Inc. (“BellRock” or the “Company”) (CNSX: BRCK.U), an industry-leading cannabis multi-state house of brands announced today several key changes to management.

BellRock announced that Kavi Bhai, BellRock’s Chief Financial Officer, is leaving the company.  He has agreed to provide consulting services to the Company during the next few months to ensure a smooth transition for his replacement.

As a result of the change, BellRock has engaged West 4th Holdings, LLC.  Founded by Zachary Venegas and Scott Ogur. West 4th Holdings is a management consulting firm focused on improving operational productivity for small to mid-size companies.   Venegas is a proven business leader across many industries with a particular expertise in cannabis.  Venegas’ most recent cannabis venture was his role as Founder and CEO of Helix Technologies (a SaaS/Reg Tech platform that addressed asset protection and compliance in the cannabis market), which he successfully exited to Forian (NASDAQ: FORA).

Scott Ogur has been appointed as the Interim Chief Financial Officer effective immediately.  Scott is a world class financial leader and has over 20 years of finance, public company reporting, asset management and M&A experience.  He has streamlined operations, grown, and successfully exited numerous ventures, including a recent tenure as a director and CFO of Helix Technologies.  In prior years, he served as Managing Director of Spruce Investment Advisors, CFO and Chief Investment Officer of Scimitar, and Vice President at JP Morgan Private Bank.  He started his career at Price Waterhouse as a staff auditor.  He is a CFA Charterholder and holds an MBA in Finance (with Distinction) from NYU’s Stern School of Business and a bachelor’s degree in Accounting (Cum Laude) from Bucknell University.

“We are very excited to engage West 4th and add Scott and Zac to BellRock’s management team.  Scott’s seasoned background in finance, operations and his knowledge of the cannabis industry will help ensure BellRock’s success for the future.  One of BellRock’s primary goals is to have its cease trade order revoked as soon as possible.  Appointing Scott will be an integral part to accomplishing this,” said Brian Jansen, BellRock’s President and CEO. “In addition, the experiences and guidance of Zac will expedite BellRock’s path to free cash flow positive.”

About BellRock Brands

BellRock Brands is a cannabis multi-state house of brands and intellectual property focused CPG operator that possesses one of the industry’s broadest branded product portfolios. BellRock consists of two iconic cannabis brands, Mary’s Medicinals (a pioneer in the Health & Wellness segment since 2013) and Dixie (a market-leading cannabis-infused edibles brand since 2010). BellRock also includes two growing California-based brands, Rebel Coast and Défoncé. BellRock’s CBD portfolio includes the brands Mary’s Nutritionals and Mary’s Tails.  With 7 brands and over 200 SKUs, BellRock reaches nearly every key consumer group and addresses the needs of a diverse cannabis consumer base. The BellRock manufacturing and distribution footprint continues to expand and currently spans nine states, and the Company owns or manages production facilities in its largest markets. For more information, visit www.bellrockbrands.com.



Comments

Post a Comment

Popular posts from this blog

8 Breeders and Seed Banks with Desirable Strains for 2024

Every cannabis grower hopes to have a plentiful harvest full of top-shelf buds. One of the best ways to meet that goal is by planting quality genetics . But with so many breeders out there, it may be difficult to determine the best cannabis seed banks for your needs. Cannabis seeds are technically legal across the United States since they contain less than 0.3 percent THC, according to the 2018 Farm Bill. In the last six years, dozens of online seed banks have popped up vying for market share. Offering feminized cannabis seeds and autoflowering seeds in many of the most popular strains , there are endless genetics from which to choose. The best cannabis seeds for an operator may vary depending on whether a grow is indoors or outdoors, their preferred growing medium, and the ultimate goal for the crop. For example, are you hoping to extract rosin or sell smokable buds? These questions must be considered prior to selecting marijuana strains and, by proxy, a source for those genetics....
Read more

Audacious Awarded New Jersey Adult Use Licenses

LAS VEGAS – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) “AUSA”, “AUDACIOUS”, or the “Company), today announced the Company was awarded a provisional Cultivation license, as well as a provisional Manufacturing license in the state of New Jersey. With a population close to 9 million people, New Jersey officially announced on Thursday that adult-use marijuana sales will start on April 21. Residents in the Garden State voted to legalize recreational cannabis in 2020. Market insiders estimate the total New Jersey opportunity to approach U.S.$2 billion[1]. To date, the state has awarded 37 conditional cultivation licenses and 70 conditional manufacturing licenses, in addition to allowing 6 of the incumbent 12 medical use operators to participate. The limited number of licenses awarded and the limited availability of municipalities that have opted in provides AUDACIOUS with a significant early mover advantage. Terry Booth, CEO, commented, “AUDACIOUS’ new team, just o...
Read more

Will This Be Our Year?

In 1919, a ban on alcohol exposed a cultural divide between urban and rural America and led to a spike in organized crime. Federal, state, and local governments struggled to adapt to the abrupt change in reality that came to be known as Prohibition. The task of enforcing new regulations initially fell to the Internal Revenue Service (thus the term “revenuers” for federal agents who hunted moonshiners) before being passed to the Department of Justice (DOJ). While enforcement was concentrated in rural areas and small towns—where some folks made decent livings by operating homemade stills—urban dwellers continued to enjoy alcohol courtesy of bootleggers and speakeasies. With the end of Prohibition in 1933, after the broken bottles, blood, and dust finally settled, an article in The United States News (now U.S. News & World Report) attempted to give the citizenry an idea of how the path forward might look. The open season for liquor-control laws is at hand. With repeal on December ...
Read more