Green Relief Announces New Ownership with Plans to Expand Medical Cannabis Line
November 24th, 2020
HAMILTON, Ontario–(BUSINESS WIRE)–Green Relief Inc. today announced that it has completed its restructuring process and has been acquired by Olivier Dufourmantelle and Angus Footman, two industry veterans who have worked with some of Canada’s leading cannabis companies. The company retained key employees and is open for business in all respects. Now under new management, Green Relief is renewing its focus to providing high-quality, consistent products to its medical cannabis patients.
Green Relief today announced new management and plans to expand its medical cannabis product offering.
“Taking Green Relief through its next chapter is an exciting opportunity, and we look forward to continue serving our medical patients with high-quality medical products,” said Dufourmantelle, Green Relief’s president. “Green Relief will also leverage its fully built out and licensed facility to offer a wide range of products and processing services.”
Green Relief will continue to offer its signature GRx cannabis oil and plans to introduce new medical products in the short term.
Both Dufourmantelle and Footman are both experienced professionals and entrepreneurs with significant experience in the cannabis industry. Prior to Green Relief, Dufourmantelle was the chief operating officer of Canopy Rivers, and the chief operating officer of Canopy Growth prior to that. He has also worked in leadership and consulting roles in Asia, Europe, and North America with both Michelin Tires and McKinsey & Company. He has a degree in electrical engineering from McGill University and an MBA from Harvard Business School.
Footman is the founder of Park Lane Farms, one of the first legal producers of medical cannabis products in Canada. Footman sold Park Lane to Canopy Growth in 2014 and served as the managing director and president of Tweed Farms (formerly Park Lane) until 2018. Footman then assumed leadership of Canopy Growth’s animal health division, a global leader in animal cannabinoid research. Prior to working in cannabis, Footman held executive and board roles at technology and engineering firms. He has a business degree from the University of Guelph.
About Green Relief
Green Relief is a licensed producer based outside of Hamilton, Ontario. Its fully built-out and licensed 32,000 sq. ft. facility is located close to Toronto Pearson International Airport. Green Relief cultivates, extracts, and processes cannabis into advanced products, and operates an extensive on-site formulation and analytical lab. Green Relief is fully licensed for medical sales, cultivation, processing, and sales to recreational channels.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Follow Us on Social Media
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.