December has been busy for VIVO Cannabis Inc (OTCMKTS:VVCIF). Particularly, the month saw the firm sign a slew of partnerships aimed at professionalizing operations. On the one hand, VIVO Cannabis hired NATIONAL Capital Markets to handle investor relations services.
Support in investor relations
According to VIVO, the firm’s premium brands would do well if supported by well-informed investors. As such, the firm contracted NATIONAL Capital Markets whose expertise they believe measures up to the task.
In addition to offering “best-in-class investor communication program”, NATIONAL will set the pace for best practices. This is to say that VIVO Cannabis expects to get support in terms best investor relations practices. Further, the firm will depend on NATIONAL to reliably inform stakeholders in good time.
The deal incorporates a retainer fee of C$10,000. As part of the deal, NATIONAL will also provide outreach services to VIVO Cannabis’ investors. Further, the firm will be the sole handler of corporate communications on behalf of VIVO Cannabis. Interestingly, NATIONAL Capital Markets will not have any other interest in VIVO Cannabis apart from business relations.
VIVO Cannabis appoints European operations president
On the other hand, VIVO is expanding its reach by a recent appointment of a President for its European operations. In a news release, the firm reveled the appointment of Andreas Sander as president. Interestingly, Sanders has quite a wealth of experience in the region. This is because the new president is also Managing Director of VIVO’s subsidiary based in Germany. Mr. Sanders will resume full operations on the first day of January 2019.
Particularly, the president will spearhead VIVO’s operations in the continent including strategy guidance. Further, he will be responsible in helping launch new products in the market as well as nurture their customer base. Also, the president will ensure that VIVO adheres to all regulatory requirements within the region. As such, his office will form a very important segment of VIVO’s overall strategy in the European context.
As part of the terms of employment, VIVO will grant Sanders 300,000 stock options. According to the agreement, the stock options will be exercisable into one common share in the capital of the Company until December 17, 2023 at a price of $0.76 per share.
