CALGARY, AB – High Tide Inc. appointed two new directors as part of a planned board of directors renewal process.
Nitin Kaushal and Andrea Elliott resigned from the board, effective March 2. Kaushal had served since 2018 and Elliott since 2021.
In their places, the board appointed Kathleen Skerrett and Menashe Kestenbaum.
Skerrett is a partner at Gardiner Robers LLP, where she practices in the areas of securities law, corporate governance, and capital markets transactions. She has experience advising public companies on M&A transactions, regulatory compliance, and continuous disclosure obligations. Her focus has been on advising emerging and mid-cap issuers listed on the TSX Venture Exchange, the CSE, and NASDAQ on complex transactional and governance matters, including MI 61-101 compliance, takeover bid regulations, and cross-border securities issues. Skerrett has been recognized by Best Lawyers Canada and Chambers for her securities law knowledge. She holds a law degree and B.Comm from University of Toronto and is a member of the Law Society of Ontario.
Kestenbaum is a technology entrepreneur, public company executive, and venture capital investor. He started off in the gaming industry, leading Enthusiast Gaming from its beginnings as a basement startup in 2015, through an IPO, to an all-time high of a $1.4B market cap in 2021. He is also a general partner at LeverageVC, a venture capital fund focused on early-stage technology investments. He currently serves as CEO of Glimmer.
The company also appointed David Wallach, CCIM, and Filip Ernest to its advisory board.
In addition, the company granted an aggregate of 123,558 restricted stock units and 25,000 options to directors, advisory board members, and consultants. Each RSU entitles the holder to acquire one common share of the company at $3.43 upon vesting.
