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INDS - Indus Holdings Inc News Story

C$1.83 -0.3  -13.3%

Last Trade - 04/03/21

Sector
Healthcare
Size
Small Cap
Market Cap £71.0m
Enterprise Value £91.3m
Revenue £30.6m
Position in Universe 796th / 2710

Indus Holdings, Inc. Announces Kevin Lawrence as Chief Revenue Officer

Tue 5th January, 2021 1:26pm
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Veteran cannabis, retail, and financial technology solutions executive to
oversee revenue streams for California cannabis leader

SALINAS, Calif., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Indus Holdings, Inc. (CSE:
INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company, has
appointed Kevin Lawrence to the role of Chief Revenue Officer. Mr. Lawrence
brings more than 25 years of leadership experience in the cannabis, retail,
and financial technology solutions sectors to Indus Holdings, Inc., and will
oversee all revenue streams for the organization, including marketing and
sales operations.

Mr. Lawrence most recently served as Vice President of Sales, Field Marketing,
and Distribution for Flora California, Inc., one of the state’s largest
licensed cannabis operators. Tasked with overseeing all purchasing, sales,
distribution, and marketing for the organization, Mr. Lawrence oversaw the
naming, branding, packaging, and marketing of the highly successful Sessions
Supply Co. brand, increasing revenue to $500,000 within 100 days. As an
entrepreneur, Mr. Lawrence co-founded California-based cannabis brand Crown
Public in 2011, managing daily operations including compliance, purchasing,
marketing, branding, sales, account management, accounting, and logistics;
growing the organization to $14 million in revenue prior to leaving in 2018.

“Indus Holdings, Inc. not only represents a higher standard of product in
California, but also a higher standard of people,” Mr. Lawrence says. “The
people of this organization are driven by professionalism, diversity, and
passion – qualities that not only serve as a recipe for success, but also a
model for this industry.”

“It is a privilege to work alongside the Indus team and I look forward to
merging my expertise and ideas with their forward-thinking strategy.”

Mr. Lawrence will begin his role immediately, and will have ultimate
accountability for leveraging and aligning all revenue-generating departments
and driving revenue growth and strategy for the Indus Holdings, Inc. portfolio
of brands.

“Kevin’s experience and success maximizing revenue potential in this
constantly evolving and highly regulated industry will further elevate our
market presence and help us achieve our collective goals,” says Indus
Holdings, Inc. Co-Founder and Chief Executive Officer Mark Ainsworth. “We
are proud to have a leader of his caliber and character as a member of our
executive team, and we look forward to achieving great success together.”

In addition to his experience in the cannabis sector, Mr. Lawrence has held
executive and leadership roles with March Networks, a leading provider of IP
video surveillance solutions and MegaPath Inc., a leading IP communications
services provider.

ABOUT INDUS HOLDINGS, INC
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is a vertically-integrated
cannabis company with advanced production capabilities, including cultivation,
extraction, manufacturing, brand sales & marketing, and distribution. Founded
in 2014 and based in Salinas, California, Indus offers services supporting
every step of the supply chain and an extensive portfolio of award-winning
brands, including Cypress Cannabis, House Weed, The Original Pot Co., MOON,
Humble Flower, and Kaizen Medicinals. Indus Distribution, a division of Indus
Holdings, Inc., is a leading distributor of cannabis products, servicing an
extensive portfolio of brands and licensed retailers.

 Investor Relations Contact  Media Contact              
 Bill Mitoulas               Renata Follmann            
 Indus Holdings, Inc.        Rossetti Public Relations  
 ir@indusholdingco.com       pr@indusholdingco.com      
 Office: 1.416.479.9547                                 

Forward-Looking Information and Statements 
This press release contains certain "forward-looking information" within the
meaning of applicable Canadian securities legislation and may also contain
statements that may constitute "forward-looking statements" within the meaning
of the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or
information or current condition, but instead represent only Indus’ beliefs
regarding future events, plans or objectives, many of which, by their nature,
are inherently uncertain and outside of Indus’ control. Generally, such
forward-looking information or forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or may contain statements that certain
actions, events or results "may", "could", "would", "might" or "will be
taken", "will continue", "will occur" or "will be achieved.” The
forward-looking information and forward-looking statements contained herein
may include, but are not limited to, the ability of the Company to
successfully achieve business objectives (including completion of renovations
and increasing production capacity), and expectations for other economic,
business, and/or competitive factors. There can be no assurance that such
forward-looking information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such
forward-looking information. This forward-looking information reflects
Indus’ current beliefs and is based on information currently available to
Indus and on assumptions Indus believes are reasonable.

Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Indus to be materially different from
those expressed or implied by such forward-looking information. Such risks and
other factors may include, but are not limited to: general business, economic,
competitive, political and social uncertainties; general capital market
conditions and market prices for securities; delay or failure to receive board
or regulatory approvals; the actual results of future operations; operating
and development costs; competition; changes in legislation or regulations
affecting Indus; the timing and availability of external financing on
acceptable terms; the available funds of Indus and the anticipated use of such
funds; delay or inability to complete an acquisition; favorable production
levels and outputs; the stability of pricing of cannabis products; the level
of demand for cannabis product; the availability of third-party service
providers and other inputs for Indus’ operations; lack of qualified, skilled
labor or loss of key individuals; and risks and delays resulting from the
COVID-19 pandemic. A description of additional assumptions used to develop
such forward-looking information and a description of additional risk factors
that may cause actual results to differ materially from forward-looking
information can be found in Indus’ disclosure documents, such as Indus’
listing statement filed on the SEDAR website at www.sedar.com. Although Indus
has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or
intended. Readers are cautioned that the foregoing list of factors is not
exhaustive. Readers are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the plans,
intentions or expectations upon which they are placed will occur.
Forward-looking information contained in this news release is expressly
qualified by this cautionary statement.

The forward-looking information contained in this news release represents the
expectations of Indus as of the date of this news release and, accordingly, is
subject to change after such date. However, Indus expressly disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
expressly required by applicable securities law. Neither the Canadian
Securities Exchange nor its Regulation Service Provider has reviewed, or
accepts responsibility for the adequacy or accuracy of, the content of this
news release.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/ac148692-0126-4cb3-bf66-20c3e5172856)



GlobeNewswire, Inc. 2021
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