delivery

E-Commerce Delivery Community Pandion Announces Employing of Lori Tenan as Main Income Officer

Just after just 6 months of functions, with thousands and thousands of offers sorting by Pandion’s e-commerce centered delivery community, Pandion hires Lori Tenan as CRO to spearhead Pandion’s buyer associations and gas the company’s future stage of progress.

SEATTLE, Might 19, 2022–(Organization WIRE)–Pandion, the e-commerce shipping network run by device studying and led by Amazon Air Founder Scott Ruffin, has employed Lori Tenan as the company’s first main income officer (CRO). Tenan is a regarded chief in company gross sales, possessing most not long ago led the put up-order system Narvar from its infancy to eight years of hyper-advancement.

“Considering that rising from stealth a yr back, Pandion has utilised equipment discovering systems to aid Fortune 500 companies deliver thousands and thousands of offers and offer an unmatched practical experience for their clients. Having Lori Tenan join as CRO will help detect new opportunities to augment our expansion even though making certain our purchaser expertise is finest in class,” said Scott Ruffin, Founder and CEO at Pandion. “Lori’s encounter and good results in this area speaks for itself and with our formidable designs for the 12 months, this was the excellent time to convey Lori onto the Pandion workforce.”

Tenan delivers 20 a long time of working experience and management in business sales to Pandion. Most not too long ago at Narvar, Tenan oversaw world wide earnings across the Commercial, Mid-market & Company markets. In the previous a few yrs, in her function as Senior Vice President of Sales, Lori founded Narvar’s organization with major retailers, foremost to sizeable growth throughout the enterprise and generating additional than $100M in yearly recurring profits.

“E-commerce has by no means experienced the dynamic transport spouse it involves, which is why it’s these types of an remarkable time to be part of Scott and the group at Pandion,” stated Tenan. “With Scott’s working experience, as well as Pandion’s intelligence and knowledge community, Pandion is positioned to disrupt the e-Commerce logistics space and established new benchmarks for what on line shops and their consumers need to be expecting.”

About Pandion
Launched in 2021, by Amazon and Walmart veteran Scott Ruffin, Pandion is employing device mastering to much more efficiently transport e-commerce packages, conserving retailers and buyers time and money. Check out pandionpro.com for far more info. In Oct 2021, Pandion opened their initially sortation centre in Quakertown, Pennsylvania the 150,000 sq ft facility has currently sorted and sent millions offers across the northeastern region of the US, guaranteeing on-time shipping and delivery for prospects in the course of the peak of the getaway year.

Perspective source edition on businesswire.com: https://www.businesswire.com/news/property/20220518005048/en/

Contacts

Alex Mack
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BevCanna Closes Acquisition of Solventless Cannabis Extraction and Delivery Technology Provider Embark Health Inc.

VANCOUVER, British Columbia–()–Innovative health and wellness beverages and products company, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) announces today the closing of its acquisition of solventless cannabis extraction and delivery technology provider Embark Health Inc. (“Embark”).

This acquisition was pursuant to the agreement dated September 19, 2021, as amended November 12, 2021 (the “Agreement”), by and among Embark, 1323977 B.C. Ltd. (“Subco”), a wholly-owned subsidiary of BevCanna, Bruce Dawson-Scully, in his capacity as shareholder representative and not in his personal capacity, and certain shareholders of Embark, pursuant to which BevCanna acquired all of the issued and outstanding securities of Embark (each an “Embark Security”) by way of a three-cornered amalgamation (the “Transaction”) as previously announced on September 20, 2021.

“Completing the acquisition of Embark Health is a significant milestone in BevCanna’s strategic transformation into a diversified health and wellness company,” said John Campbell, CFO and Chief Strategic Officer of BevCanna. “Embark’s solventless cannabis extraction and enhanced delivery technology will be a robust driver of growth for the Company, further diversifying our unique portfolio of brands and adding valuable intellectual property and four innovative adult-use cannabis brands to our range of offerings.”

“The acquisition also bolsters BevCanna’s balance sheet,” noted Mr. Campbell. “Embark brings $17 million in tangible and intangible assets, including direct ownership of $11 million in equipment and the use of a modern production facility in Delta, BC.1 This acquisition brings BevCanna to over $100 million in unaudited assets on the balance sheet and $2.9 million in long-term liabilities.”

Deal Highlights:

  • The combined entity will have over $100M in assets on the balance sheet and $2.9 million in long-term liabilities.
  • Adds a unique range of valuable brands, across all three cannabis 2.0 categories, that enables BevCanna to sell differentiated and complementary adult-use and wellness products
    • includes the “Hazel” Hash Stick, to which BevCanna now holds the exclusive worldwide license, and is the first-of-its-kind in Canadian market.
  • Adds a state-of-the-art production facility in Delta, BC, with $17M1 in tangible and intangible assets including direct ownership of $11M1 in equipment.
  • The deemed price of the BevCanna Shares being issued to former Embark securityholders in the transaction is $0.45 per share, which represents a 146 per cent premium to the volume weighted average trading price of the BevCanna Shares on the CSE for the five trading days preceding the date of this announcement.
  • Bolsters beverage portfolio with the addition of proprietary nanotechnology and rapid onset delivery technology for beverage, topical and edible products, allowing BevCanna to vertically integrate its supply for select in-house and white-label clients.
  • Adds innovative solventless extraction technology that enables BevCanna to offer hash, bubble hash, live rosin and other adult-use cannabis products.
  • Adds experienced management and operations team members who are pioneers in cannabis, extraction, and drug delivery technology, including:
    • Bruce Dawson-Scully, Founder and Chief Executive Officer of WeedMD (TSXV:ENTG)
    • Marcus “Bubbleman” Richardson, best known as the founding pioneer of bubble hash
    • Michael West, global extraction expert who
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