Cannex Capital Holdings Inc. Appoints David Croom as Chief Financial Officer

October 17, 2018
Appointment Strengthens US-based Operations Team.

Vancouver, BC, October 17, 2018Cannex Capital Holdings Inc. (“Cannex” or the “Company”) (CSE: CNNX / OTCQB: CNXXF) is pleased to announce that Mr. David Croom has been appointed as Chief Financial Officer (“CFO”) of the Company. Mr. Croom has been engaged with the Company on a consulting basis since August 2018.

David Croom is a seasoned CFO with over 25 years of experience of financial leadership at both public and private companies including Cray Supercomputers, Microsoft, Amazon and Chevron. His previous roles included responsibilities for capital markets, M&A, tax and finance, debt and equity. He is an innovative and experienced financial executive who has led revenue and profitability growth initiatives and has worked directly with senior management to deliver shareholder value.

"Dave’s skills, industry knowledge and network will be invaluable as we grow our business,” said Anthony Dutton, Cannex CEO. “His appointment is also very timely as we prepare to leverage our Washington operations and expand into new legal states. Cannex’s vision, strong financial foundation and operational leadership attracts top talent,” continued Dutton, “and Dave will be an excellent lead for our finance and accounting teams as we execute on our business plan.”

Most recently Mr. Croom has been CEO of Open Ocean Ventures, a Seattle-based company that provides project management, infrastructure and business services solutions to a broad range of industry leaders. He previously held senior accounting and comptroller positions at Cray Supercomputers, Microsoft, Amazon and Chevron. He has also been the owner of several Seattle businesses including a Tier 2 Washington cannabis cultivation and processing facility. Mr. Croom completed his Accounting Degree at Washington State University in 1989.  He is a US citizen and will work in the Company’s Washington office as a part of the growing US-based operational team.

"Cannex is an operational leader in the rapidly growing US cannabis sector and I am very excited to be joining this young and dynamic group,” said Dave Croom. “I have had the opportunity to work with Cannex on a consulting basis and am in full support of their business plan and emerging multi-state strategy. The cannabis industry is quickly becoming a branded goods market where operational excellence is a critical success factor. Cannex stood out with its great culture and its focus on operations, products, customer service and innovation. These are important to me and I look forward to working with the whole team to unlock Cannex’s considerable potential.”

See full press release here



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