Business
Cannabis Strategic Ventures Announces Appointment of New Directors, Chairman to Corporate Board
Cannabis Strategic Ventures Announces Appointment of New Directors, Chairman to Corporate Board.
About this update from Cannabis Strategic Ventures
[{"type":"text","content":"LOS ANGELES (Sept. 12, 2019) -- via NetworkWire -- Los Angeles-based Cannabis Strategic Ventures Inc. (OTC: NUGS) (the “Company”) announced today the appointment of four new directors to the Company’s board of directors, one of which will assume the role of board chairman. These new appointments were made in accordance with the Company’s commitments in its strategic investment agreement with LW Ventures Inc., which has already yielded an $8 million financing commitment toward the scaling of operations at the Company’s wholly owned and operated flagship greenhouse farm, NUGS FARM.Cannabis Strategic Ventures welcomes George Wen as chairman of the board, Danny Cheung, Yang Lin as directors and Pyng Soon as an independent director.George Wen has served as director of Guangzhou IKE Computer Information Technology Co. LTD since January 2006. Between January 2003 and December 2005, Wen served as China product team sales director and south and west manager of UGS PLM. Between October 1997 and December 2002, Wen was regional manager of Unigraphics Solutions, China, a subsidiary of Electronic Data Systems (EDS). Wen received a bachelor's degree from the Radio Technology Department of South China Institute of Technology.Danny Cheung has served as a director of the Spyder Auto corporate board since 2005, where he is responsible for operations, business development, new capital investments and corporate strategy. Cheung received his bachelor’s degree from the University of California, Los Angeles.Yang Lin is the executive director and chairman of the board at PacRay International Holdings Ltd. (HKG: 1010). Lin is a senior manager at Shenzhen Magic Display Technology Co., Ltd. and was previously the CEO of Shenzhen Zhong Shi Tai He Digital Technology Limited.Pyng Soon is a legal and executive professional with experience in the pharmaceutical, legal and finance industries. Soon is the general counsel for USA Miniso Depot Inc., a franchised retail merchandise store with approximately 30 directly owned stores located in various cities in California. Soon has also served as the CLO for Autotelic Inc., Oncotelic Inc. and LipoMedics Inc. since 2015, and he was successful in closing a $10 million investment from Fangsheng Pharmaceutical Company into LipoMedics Inc. Soon has served as the CEO, CFO and secretary for StocosilInc. since December 2...