Business
Wealthcraft Capital Inc. Announces the Appointment of New Management
Wealthcraft Capital Inc. Announces the Appointment of New Management.
About this update from Wealthcraft Capital, Inc.
[{"type":"text","content":"\nLOS ANGELES, Sept. 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Wealthcraft Capital Inc. (OTC PINK: WCCP) (\"Wealthcraft\" or the \"Company\") is pleased to announce the appointment of John MacPhail as CEO and Robert Wilson as President, effective immediately. Both Mr. MacPhail and Mr. Wilson will also be appointed to the new Board of Directors that the Company expects to announce in the near future.\n Mr. MacPhail has 30 years of experience in the investment banking industry, having worked at several Canadian investment dealers, including as CEO of a national dealer that he joined during the 2008 economic crisis and later successfully sold to another large Canadian investment dealer. As an investment banker, Mr. MacPhail has been involved in raising in excess of $2 billion dollars for a broad range of companies across various sectors, with a particular focus on healthcare. Most recently, he was CEO of I-5 Holdings Ltd. (\"I-5\"), a Canadian company with holdings in the US medical cannabis sector. I-5 was sold earlier this year Captor Capital Inc. (CSE:CPTR), a Canadian-listed investment company. Mr. MacPhail also sits on the boards of several other public companies and has been involved with numerous non-profit organizations. Mr. Wilson has a 30-year career in investment management and investment banking, with a particular focus on M&A, corporate governance and corporate management. During his career, Mr. Wilson has held senior positions in investment banking at BMO Nesbitt Burns, First Marathon Securities, Yorkton Securities and Research Capital. Mr. Wilson has also managed investment portfolios at a major Canadian venture capital firm as well as at a subordinated debt fund that he co-founded in 2014. Most recently, Mr. Wilson held senior positions at two publicly-listed cannabis companies, where he was responsible for corporate finance and M&A. Over his career, Mr. Wilson has held board seats and senior executive positions at six public companies listed on the CSE, TSX and TSXV exchanges. \"We are extremely pleased to welcome John and Robert to Wealthcraft and believe that their vision of making the Company a leader in the wellness space will create significant shareholder value,\" said Adam Sexton, current CEO of Wealthcraft. \"I look forward to working with our new leadership team in my role as director during ...