A month ago ABATTIS BIOCEUTICA COM NPV (OTCMKTS:ATTBF) made some changes preparing for the announcement that Canada plans on full MJ legalization and shares went up testing yearly highs + 93% for the year. As expected there was a measured pullback, but recently you had another spike in volume and a rally back to the highs.
As part of some important changes the company announced the addition of Jaclyn Thomson, PhD, to our senior management team at Northern Vine Labs, and the appointment of Rene David to the Abattis Board of Directors. As the construction and buildout of Northern Vine Labs continues, more key management hires and appointments will accompany this next stage of growth. Thomson obtained her BSc. at the University of Victoria, and her PhD. in Organometallic Chemistry from the University of British Columbia.
ABATTIS BIOCEUTICA COM NPV (OTCMKTS:ATTBF) believes Thomson brings a wide breadth of experience to the Company involving her previous positions in Quality Assurance, Scientific and Regulatory Consultation and Research. Jaclyn has years of experience in lab operations and is credited with publishing a highly successful academic manuscript regarding the extensive worldwide problem of Ginko Biloba adulteration in the journal Phytomedicine. Management feels confident that Jaclyn will be a key leader in Northern Vine’s efforts to test for licensed producers and patients under the ACMPR system.
“Her appointment is a critical component of our overall strategy to position Northern Vine as the leader in not only the testing of, but also the subsequent formulations and science behind the cannabis plant,” says Rene David, CFO of Abattis. “Jaclyn’s in-depth knowledge of GMP, as well as natural health products and Health Canada regulations, means Northern Vine will maintain consistency with its procedures and ensure safe and reliable results on every product tested.”
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The shift of Mr. David from day-to-day operations into a position of oversight signals the lengthy preparations the Company has made to harness and sustain a focused growth trajectory. As CFO of Abattis, Mr. David has gained tremendous experience in the medical cannabis industry through working with Abattis and has been instrumental in guiding the Company’s strategic expansion.
Jim Irving, Director, welcomes Mr. David to the Board: “We are happy to have Rene join the Board. His experience as CFO and COO will provide us with valuable insight and practical solutions to move the Company forward in the dynamic legal cannabis and nutraceutical industries, in Canada and abroad.”
Mr. David has over 20 years of experience in real estate development, finance, and business strategy. He started his career at Vancity, Canada’s largest Credit Union, as a real estate developer and then went into investment banking in Western Canada. He later expanded his interests to include the resource, food and water industries, and assisting corporations who are dealing with the globalization of local resources. In his normal course of duties, Mr. David’s responsibilities include internal financial controls and analysis, procurement and contracts management. His continuous review of operating and capital plans is geared towards improving the internal controls and financial best practices in order to deliver the highest value product and strong company values.
Mr. David noted, “Since receiving our Health Canada Dealers License in September of 2016, we have narrowed our focus on key pillars for future growth; testing and analytics and product sales into international markets through its wholly owned subsidiary, Vergence Bioceuticals. As we prepare Northern Vine Labs for the next stage of operations, I felt it was appropriate to transition to the position of director and open up the leadership program to a greater level. A lot of hard work has been completed and I am excited to see what the Abattis team will bring as the Company moves into a stage of growth.”
Abattis is a specialty agricultural technology and biotechnology company which aggregates, integrates, and invests in agricultural technologies and biotechnology services for the legal cannabis industry developing in Canada. ATTBF has successfully developed and licensed natural health products, medicines, extractions, and ingredients for the biologics, nutraceutical, bioceutical, and cosmetic markets.
ATTBF is also seeking to acquire exclusive intellectual property rights to agricultural technologies to be employed in extraction and processing of botanical ingredients and compounds. The Company follows strict standard operating protocols, and adheres to the applicable laws of Canada and foreign jurisdictions.
I would keep a close eye on the share price and how effectively they are trading around the new highs, it is critically important to keep price momentum moving higher in the cannabis space in general. For more news on $ATTBF and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.