Benchmark Botanics Inc. (OTCMKTS:BHHKF) Appoints Two New Board Directors and Receives $100,000 To Sort Its Liquidity Issues
Benchmark Botanics Inc. (OTCMKTS:BHHKF) has announced two new directors to its board of directors.
Botanics appoints two new directors
The company appointed Terry Wang and Leon Jiao to its board as per Benchmark Botanics’ March 18, 2021 release. Recently, the company had appointed Wang as its Interim CEO, and Jiao currently serves as the Chief Finance Officer and director of a wine and spirits enterprise. Jiao, a BA degree holder from Simon Fraser University, will bring massive customer service and facility oversight skills and valuable marketing experience to Benchmark Botanics. Wang will fill in the CEO role on an interim basis as the board engages the board in identifying the next permanent CEO. He holds a Bachelor’s degree in Mathematics and economics from The University of Toronto. Wang will bring massive general management and entrepreneurial experience to Benchmark Botanics.
In another development, Haifeng Liu has resigned as Benchmark Botanics’ president and board director. The company thanked Liu for his valuable contribution, dedication, and vision to Benchmark and wished him the best in his endeavors. However, Liu will continue helping the company to ensure a smooth transition. Also, David Li has resigned as the company’s CFO, and Jin Kuang, the current Benchmark Botanics financial controller, will fill his role.
A shareholder injects $100,000 into the company
The company has also announced the injection of $100,000 by a current shareholder into the company by way of a loan to help the company with its liquidity challenges. A shareholders group is committed to working with the company to determine follow-on investments vital to achieving the company’s long-term strategic objectives. The company has established a need for a new CEO to lead it to the next growth phase.
To this end, Mr. William Ying resigned as Benchmark’s CEO and board of directors effective immediately. The company thanked Mr. Ying for his contribution during the company’s start-up phases and wished him the best in his endeavors. Mr. Ying will help the company to ensure a smooth transition.