Mr. Wright is a past recipient of the BC CEO of the Year award
for small / medium public enterprise
TSXV: JK OTCQB: JKHCF FRA: 68Z
VANCOUVER, BC, November 9, 2021 / CNW / – Just Kitchen Holdings Corp. (“JustKitchen” or the “Company”) (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a ghost kitchen operator specializing in the development of delivery-only food brands, is pleased to announce the appointment of Edward wright to its current board of directors November 8, 2021. Situated at VancouverMr. Wright is a seasoned leader with a proven track record of building top teams and quality retail brands internationally, who received the CEO of the Year award from Colombia. British in the Small / Medium Public Enterprises category in 2015. Throughout his career, Edward has consistently achieved superior results in multiple leadership contexts, across different industries. He is currently the trustee of Vancouver College after serving as both a member and chairman of the board for a period of ten years, as well as being a member of the board of directors of Poplar Grove Winery since 2017.
Mr. Wright was CEO (“CEO“) and director of CRH Medical Corporation in Vancouver from 2007 to 2019, which has since become a wholly owned subsidiary of WELL Health as a provider of anesthesia and medical products services to gastroenterologists in United States. From 2005 to 2007, he held the position of Senior Vice President of Retail for the Cartier North America division of Richemont (SIX: CFR, JSE: CFR) in new York. Previously, Mr. Wright was President of the Baume & Mercier North America division of Richemont SA also in new York from 2002 to 2005, which was preceded by his tenure as sales manager from 1999 to 2001.
The Company announces the granting of a total of 125,000 incentive stock options to a director and a consultant of the Company, subject to acceptance by the TSX Venture Exchange. Each option may be exercised to purchase one common share of the Company for five years at the price of CAD 1.41 per common share in accordance with the terms of the Company’s stock option plan and subject to certain vesting provisions. In addition, the Company granted 300,000 restricted share units to certain directors of the Company, subject to certain vesting conditions being met. The RSUs were granted in accordance with the Company’s RSU Plan.
JustKitchen is primarily a ghost kitchen operator specializing in the development and marketing of exclusive and franchised food brands intended solely for delivery to customers. The Company currently operates in Taiwan and Hong Kong. JustKitchen uses a hub-and-spoke model of operation, which includes advanced food preparation in the large center kitchens and the preparation of final meals in smaller star kitchens located in more densely populated areas. The Company combines this operating model with online and mobile app-based food orders made by third-party delivery companies, in order to minimize capital investments and operating expenses and reach more customers in underserved markets. The company’s other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add selected grocery items to ordered meals. via JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen’s prospectuses, financial statements and MD&A, among other documents, are all available on the Company’s profile page on SEDAR at www.sedar.com.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
Just Kitchen Holdings Corp.
Office 1430, 800 Pender Street West
Vancouver, British Columbia
SOURCE Just Kitchen Holdings Corp.
For further information: Nick Kuzyk, Investor Relations, Toll Free: 1-855-JST-KCHN (1-855-578-5246), Email: [email protected]