GREENSPACE BRANDS INC. ANNOUNCES THE HIRING OF A NEW CFO

GreenSpace Brands Inc. ("GreenSpace" or "the Company") (TSXV: JTR) is pleased to announce the hiring of a new Chief Financial Officer, Keith Jackson. Prior to joining Greenspace, Keith was the Chief Financial Officer of Worldlynx Wireless (Bell Canada's largest independent dealer) and was resp..


TORONTO, Aug. 13, 2017 /CNW/ - GreenSpace Brands Inc. ("GreenSpace" or "the Company") (TSXV: JTR) is pleased to announce the hiring of a new Chief Financial Officer, Keith Jackson. Prior to joining Greenspace, Keith was the Chief Financial Officer of Worldlynx Wireless (Bell Canada's largest independent dealer) and was responsible for the consolidation of multiple business units and the acquisition of multiple businesses.

Keith has held Executive Finance roles at Worldlynx Wireless, Bell Canada, Virgin Mobile and General Motors. Designated as a CPA and CA, Keith has extensive expertise in corporate finance, mergers and acquisitions, accounting and tax, process improvement, business integrations, alternative finance structures, change management and P&L management.

"We're thrilled to have Keith join the GreenSpace team" comments Matthew von Teichman, CEO of GreenSpace Brands. "Keith brings not only excellent experience with M&A over the last several years and a diverse finance background that will help in a lot of different areas of the business, but he's a perfect cultural fit for us as well."

Ms. Cindy Leung will be stepping down as interim CFO and will continue in her role as VP of Finance. Keith will be starting with GreenSpace the week of August 21st.

The appointment is subject to TSXV approval.

About GreenSpace Brands Inc.

GreenSpace is a Canadian-based brand ideation team that develops, markets and sells premium natural food products to consumers across Canada. GreenSpace owns Rolling Meadow Dairy, Canada's first grass fed dairy product line that has built upon the founding values of Greenspace's original brand, Life Choices. Life Choices features premium convenience meat products made with grass fed and pasture raised meats without the use of added hormones and antibiotics. GreenSpace owns Holistic Choice, a premium natural pet food line and Nudge, a line of family favorite foods made better. GreenSpace acquired Love Child (Brands) Inc., a producer of 100% organic food for infants and toddlers made with the purest, natural and most nutritionally-rich ingredients. Next GreenSpace acquired Central Roast Inc., a clean snacking brand that has been one of the leading natural food brands in Canada over the last several years. The Company then acquired Nothing But Nature Inc., which owns the brand Kiju and is the Canadian market leader in the shelf stable organic juice segment. All brands are wholly owned and retail in a variety of natural and mass retail grocery locations across Canada.

For more information, visit www.greenspacebrands.ca. GreenSpace's filings are also available at www.SEDAR.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements made under the heading "Outlook" and other statements concerning the Company's 2017 objectives, strategies to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue", or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements and there can be no assurance that actual results will be consistent with these forward-looking statements. Factors that could cause such differences include the cyclical nature of the construction and agriculture industries, changes in general economic conditions and interest rates, adverse weather, cost and availability of materials used to manufacture the Company's products, competitive developments, legislative and government policy changes, as well as other risk factors included in the Company's Annual Information Form dated August 16, 2016 under the heading "Risks and Uncertainties Related to the Business" and as described from time to time in the reports and disclosure documents filed by the Company with Canadian securities regulatory agencies and commissions. This list is not exhaustive of the factors that may impact the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements or levels of dividends and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. The factors underlying current expectations are dynamic and subject to change. Certain statements included in this press release may be considered "financial outlook" for purposes of applicable securities laws, and such financial outlook may not be appropriate for all purposes. All forward-looking statements in this press release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the date of this press release and except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE GreenSpace Brands Inc.

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Jackson: Jackson typically refers to Andrew Jackson , an American general and president, or to places named for him.
Company: A company is an association or collection of individuals, people or "warm-bodies" or else contrived "legal persons" . Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared g
Financial: Finance is the science[citation needed] of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency
Space: Space is the boundless three-dimensional extent in which objects and events have relative position and direction. Physical space is often conceived in three linear dimensions, although modern physicists usually consider it, with time, to be part of a boundless four-dimensional continuum known as spa
Brands: Brand is the "name, term, design, symbol, or any other feature that identifies one seller's product distinct from those of other sellers" Initially, Branding was adopted to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot iron
Wireless: Wireless communication is the transfer of information between two or more points that are not connected by an electrical conductor.
Prior: Prior is an ecclesiastical title, derived from the Latin adjective for "earlier, first", with several notable uses.
Chief Financial Officer: The chief financial officer or chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In