Thoughtful Brands Inc (CSE:TBI) (OTCQB:PEMTF) (FRA:1WZ1), a global natural health products and e-commerce tech company, named well-connected merchant banker Bradley C Smith as a director, as the company pursues vertical integration and scans the market for potential opportunities to grow its portfolio.
Smith is vice president of Hampstead Private Capital, a merchant bank focused on small to mid-cap companies. He leads the media and technology group as well as looks after the firm’s public relations. A familiar face on Canadian television, Smith has appeared on Chopped Canada, Breakfast Television, and the Bachelor Canada.
He currently hosts The Big Bake on Food Network USA & Food Network Canada and owns two restaurants in Toronto. Smith played six years as a pro football player in the Canadian Football League. He graduated with a Bachelor of Arts degree from Queen's University.
“On behalf of my fellow directors, I am pleased to welcome Brad to the team,” said Thoughtful Brands President Joel Shacker.
“He joins the board at an exciting time in the company's evolution, as we continue to enhance the vertical integration of the company, scan the market for potential and 'thoughtful' opportunities to grow our portfolio, and ultimately unlock the inherent value of our existing strategic partnerships, and recent acquisitions.”
Separately, the firm said it has granted 23,875,000 incentive stock options to certain directors, officers and consultants. The options vest immediately and are exercisable at a price of $0.07 for a period of 60 months.
In addition, Thoughtful Brands said that it has issued 1,125,000 shares as repayment to settle a C$78,750 debt to 1229741 BC Ltd, a company owned by a director of the company, at a deemed price of C$0.07 per share.
Contact the author Uttara Choudhury at email@example.com
Follow her on Twitter: @UttaraProactive