Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) announced Thursday the appointment of Zach Stadnyk as president and CEO of its subsidiary, Code Cannabis Investments.
Stadnyk is a corporate finance and advisory professional with extensive experience in the expanding cannabis industry, the company said in a statement.
He has held management positions in corporate finance at Supreme Cannabis Company Inc (CSE:FIRE) (OTCMKTS:SPRWF) and investor relations and corporate finance at FSD Pharma Inc (CSE:HUGE) (OTCMKT:FSDDF). He has also served on the advisory board for 1933 Industries Inc (CSE:TGIF) (OTCMKTS).
READ: Codebase Ventures subsidiary Arcology ushering in Blockchain 3.0 era with proprietary platform
Stadnyk specializes in corporate finance and going-public transactions and holds a Bachelor of Commerce in entrepreneurial management.
“Code Cannabis Investments presents an exciting proposition at this stage of maturity in the legal cannabis industry, globally,” said Stadnyk. “Code Cannabis will be seeking opportunities to invest in and grow early stage companies that are looking to innovate and disrupt in what is a very new and fast developing industry.”
Brian Keane, Codebase Ventures director, lauded Stadnyk’s “experience, relationships and knowledge of the cannabis industry," adding that he’s “ideally suited to the effort that is required for Code Cannabis to make highly strategic early stage investments that will increase shareholder value in the short and long term.”
Codebase Ventures is a Vancouver, British Columbia -based team that invests in the cannabis sector, technology such as blockchain and cryptocurrencies, and other emerging industries.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham