Vancouver, BC / ACCESSWIRE / August 12th, 2014 / Seashore Organic Marijuana Corp. ("Seashore" or the "Company") (CSE: SOM) is pleased to announce that it has received approval to list its Common Shares for trading on the Canadian Securities Exchange ("CSE"), and that its Common Shares have commenced trading as of August 12th, 2014 under the trading symbol "SOM".
Seashore became a reporting issuer in British Columbia and Alberta on August 7, 2014, pursuant to the closing of a statutory plan of arrangement with Noor Energy Corp. and Seashore's wholly-owned subsidiary, Sechelt Organic Marijuana Corp. In addition to being a reporting issuer in British Columbia and Alberta, Seashore became a reporting issuer in Ontario upon listing on the CSE.
Seashore Organic Marijuana is an emerging producer and distributor of medical marijuana that has applied to Health Canada (HC) for a medical marijuana production and distribution license under the Marihuana for Medical Purposes Regulations (the "MMPR"). The Company has raised over $700,000 in the past 3 months, and submitted an application for a license to produce and distribute marijuana under the MMPR on July 4, 2014.
The Company is led by Leonard (Len) Werden as President, Chief Executive Officer and director, Alexander Polevoy as Chief Financial Officer and a director, and experienced businessmen and entrepreneurs Vladlen Voskoboinikov and Jason Birmingham as independent directors.
Len Werden, President, Chief Executive Officer & Director
Mr. Werden has over thirty years of growing experience, which includes a hay farm in the Caribou in the 1980s, an organic fruit farm in the Kootenays, developing and growing 200 different varieties of dahlias, as well as propagating 80 varieties of English heritage roses. Mr. Werden has participated as a designated grower for two clients of medicinal marijuana under the MMAR. During his time as a designated grower he and his staff have developed their own formulas for organically feeding the medicinal crop as well as creating numerous aids and tools to facilitate a consistent and high-quality product. Mr. Werden will be the designated person at the Sechelt Facility.
Mr. Werden has served on various charitable boards as well as community service boards and government advisory commissions. He has also held the position of Millwright and Millwright foreman, having been involved in the building and reworking of breweries, packing facilities, refineries, hydroelectric projects, pulp and paper mills, sawmills, airport baggage handling systems, automated warehouse handling systems, gas plants, as well as the Cyclotron Project for TRIUMF (Canada's national laboratory for particle and nuclear physics) at the University of British Columbia. Mr. Werden was previously President of the B.C. & Yukon Territory Building Construction Trades Council, Chief Negotiator of the Bargaining Council of B.C. Building Trade Unions, Governor of the Workers Compensation Board, Canadian President of the Canadian Millwright Conference, and a member of the B.C. Apprenticeship Board.
Alexander Polevoy, Chief Financial Officer & Director
Mr. Polevoy graduated from the Northern Alberta Institute of Technology (Canada) with a degree in Finance and Accounting and is a member of the Institute of Internal Auditors. He is currently a Director of Tonga Petroleum Corporation.
Mr. Polevoy was Director for FinOre Minerals 2011 - 2012, prior to that he was CFO of the Interros International Ltd. (Interros Group) from 2008 to 2009, a private equity group with industrial assets in mining, banking, development, and media, as well during 2008 - 2009, he acted as a Director of Norilsk Nickel Mining Company largest nickel producer in the world listed on LSE.(MNOD: LSE) From 2006 to 2008, Mr. Polevoy was the CFO of the Integra Group, diversified oilfield service company listed on LSE (INTE:LSE) . He was a member of the Board from 2005 to 2007 and the CFO from 2004 to 2006 of Mechel Group, a coking coal producer with extensive steel production facilities in Russia, Europe and North America, listed on NYSE (MTL:US) . Prior to his work with Mechel Group, Mr. Polevoy worked for TNK International Ltd. ("TNK") and subsequently TNK-BP International Ltd. ("TNK-BP", JV with British Petroleum) in various positions from 2001 to 2004, including Head of the financial monitoring and control group for the TNK Board of directors and head of corporate audit of TNK-BP
Vlad Voskoboinikov, Director
Mr. Voskoboinikov has over 15 years of industry experience in the finance field in Russia. He is currently the Director of International Financial Reporting and Investor Communication and a member of the Board of Directors at Tatneft, a Russian vertically integrated oil and gas company listed on the London and Russian stock exchanges where he is responsible for public reporting requirements, raising of financing, identifying and managing mergers and acquisitions, and investor relations.
From 2001 to 2005, Mr. Voskoboinikov was the Director of Finance at Siberian Service Company, an oil service company specializing in drilling, work-overs, and cementing with $450 million in revenues, where he implemented Western accounting, budgeting and financial statement preparation approaches. He was previously the Director of Finance at Pioneer Forest, Inc., Finance Director at Black Sea Energy Ltd. (an oil company) and Director of International Business Development at Valens Consulting Limited (a construction and oil service company). Mr. Voskoboinikov obtained his Masters of Business Administration from Aspen University in Denver Colorado, graduated from the Business Administration Program in Accounting from the Southern Alberta Institute of Technology in Calgary, Alberta.
Jason Birmingham, Director
Mr. Birmingham has 23 years of industry experience as founder/principal, senior officer, director or financier of numerous private and public company start-ups, and was engaged in exploration/exploitation of uranium, precious and base metals, fertilizers, oil and gas projects, hospitality and most recently green energy. Over the course of his career, Mr. Birmingham has been involved with aspects of management, finance, boardand committee activities, project generation, negotiation and acquisition. Mr. Birmingham completed the Canadian Securities Course in 1995 and completed the Real Estate Salesperson's Sub-Mortgage Broker's Pre-Licensing Course through the Faculty of Commerce and Business Administration, at the University of British Columbia in 1996.Mr. Birmingham has been the President and a Director of Birmingham Consulting Ltd., his wholly-owned company, since April 1999. He was formerly employed as Director of Business Development for International Zimtu Technologies Inc. (January 2004 to November 2006) and President of Mindshare Communications Inc. (February 2000 to December 2003).
Mr. Birmingham is currently a director and/or officer of several reporting issuers, including for the following companies listed on the TSX Venture Exchange: President and Director of Cerro Mining Corp. (since December 2011), Director of Pan American Fertilizer Inc. (formerly Golden Fame Resources Corp.) (since September 2010), and Director of Cassius Ventures Ltd. (since February 2007), in addition to the following public companies listed on the NEX Board of the Toronto Stock Exchange: President and Director of Datainvest International Ltd. (since March 2007) and Director of Fitch Street Capital Corp. (since March 2008). Mr. Birmingham is also a Founding Director of Sciue Ventures Inc. (a private restaurant chain with five locations in Vancouver B.C. under brand "Sciue Italian Bakery Cafe"). He has also served as a director of several other public companies in the past.
Len Werden, president and chief executive officer, stated: "This listing is important step for Seashore Organic Marijuana shareholders, as we position the company to produce a premium organic medical marijuana for our Canadian clients."
About the Company
Seashore (CSE:SOM) was formed to become a producer of medical marijuana under the MMPR. Our team and board of advisors have a diverse range of experience and multi-industry expertise, and hold the knowledge and skill necessary for success in this industry. Further information about Seashore is available on our website www.seashoremarijuana.com or under our profile on the SEDAR website www.sedar.com and on the CSE website: www.thecse.com
On behalf of the Board of Directors
Seashore Organic Marijuana Corp.
S/ "Leonard Werden"
President and Chief Executive Officer
For more information, please contact Investor and Public Relations Contact
Seashore Organic Marijuana Corp.
Leonard Werden, President/CEO
The CSE has not reviewed, nor approved or disapproved the content of this press release.
This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE: Seashore Organic Marijuana Corp.