Nova Cannabis Inc. announced changes to both its Board of Directors and management team along with the restructuring of its Ontario retail operations in connection with the completion of the acquisition (the "Acquisition") of all of the issued and outstanding common shares of Alcanna Inc. ("Alcanna") by Sundial Growers Inc. ("Sundial"). Pursuant to the Acquisition, Sundial indirectly acquired an approximately 63% ownership interest in Nova, as Alcanna is the registered holder of 35,750,000 Nova common shares.
James Burns (Board Chair), Thomas Bitove, Ross Sinclair, Marvin Singer and Darren Karasiuk have all resigned from the Board while Ron Hozjan will continue to serve as a director of the Company and has been appointed the new Chair of the Audit Committee. Composition of the Board - As a result of the foregoing, Nova announced the appointment of the following new Board members, each of whom brings unique skills and experiences to the Company. Zach George, Chair (Chief Executive Officer, Sundial), Anne Fitzgerald, Lead Independent Director (Former Chief Legal Officer and Corporate Secretary, Cineplex Inc.), Marcie Kiziak(Chief Executive Officer, Nova, President, Cannabis Retail, Sundial), Christopher Pelyk (Vice President, Store Development Global, Arcteryx), Jeffrey Dean (Managing Partner, Maven Capital), Shari Mogk-Edwards (Founder, Shari's Picks Consulting and Former Vice President, Product, Sales and Merchandising, Liquor Control Board of Ontario).