VANCOUVER, British Columbia, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Quadron Cannatech Corporation (the “Company” or “Quadron” ) – (CSE: QCC), is pleased to announce the appointment of Larry Anderson and David Beck as directors of the Company, and two executive changes which support the Company’s continued long-term growth in the evolving cannabis industry.

Mr. Beck possesses over 30 years experience with national financial institutions in various capacities as a financial analyst, institutional and proprietary trader and in investment banking.  Mr. Beck holds an MBA from the Ivey Business School, University of Western Ontario and a B.Sc. (Engineering Physics) from Queens University.  Mr. Beck has also been a board member of various public and private companies.

Mr. Anderson possesses over 30 years experience as a land developer and owner of Sutton Premier Realty.  Mr. Anderson has strong leadership skills, overseeing more than 165 realtors completing over 2,600 transactions under Sutton Premier Realty.  Larry is well versed in corporate governance, having served on the Legislative and Public Affairs Committee for the Fraser Valley Real Estate Board, and is currently serving a 5th term as Broker’s Council chair and Director for the Fraser Valley Real Estate Board. Larry received an Associate of Arts and Associate of Science majoring in Business Administration from Capilano University, attaining Dean’s List standing. More recently Larry has achieved an international designation of CRB, or Certified Real Estate Brokerage Manager, making him one of approximately 40 in the country. Mr. Anderson will act as Chairman of the board of the Company.

The Company would also like to announce the following executive management changes: the appointment of Tamas Jozsa (previously VP of Engineering) as President of Soma Labs Scientific Inc., a wholly owned subsidiary of Quadron; and the appointment of Shane Lander (previously President of Soma Labs Scientific Inc) as Chief Research & Development Officer of Quadron.

Rosy Mondin, CEO of Quadron stated: “With legalization of oils, edible products and topicals in Canada later this year, these leadership changes help set the stage for the next phase of Quadron’s corporate development as we pursue short and long-term profitable growth, and continue to develop efficient extraction equipment, techniques, procedures and formulations to position Quadron as the leading provider of extraction and processing solutions.”

She further added: “Mr. Jozsa has demonstrated tremendous leadership in the Company’s development, and we are pleased that he is stepping up to take a larger role with Soma. Shane Lander, a co-Founder of the Company, will focus his passion on inventing, developing, innovating and modernizing Quadron’s line of extraction equipment and methodologies as Chief Research and Development Officer for Quadron. With the appointment of Mr. Beck and Mr. Anderson, we add two high quality individuals with tremendous experience and great reputations to the Board; their knowledge and unique perspectives are valuable additions to the Company.”

The Company further announces that it has granted a total of 1,490,000 incentive stock options to certain directors, officers, consultants and employees of the Company.  The options have an exercise price of $0.20 per share and expire February 12, 2024.

About Quadron : Quadron provides turn-key extraction and processing solutions for the cannabis industry through vertically integrated offerings including: proprietary industrial grade equipment, custom build processing facilities, ancillary products/packaging (i.e. vape pens) & scientific services.

For more information, visit: www.quadroncannatech.com

On behalf of the Board of Directors of QUADRON CANNATECH CORPORATION

Rosy Mondin CEO rosy@quadroncannatech.com

Investor Relations Contact: KIN Communications Inc. Caleb Jeffries, VP, Investor Relations 1-866-684-6730 QCC@kincommunications.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”.  Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.