News Release - Montreal, Quebec – March 11th, 2023: KaleMart24, the fresh new concept—positioned to become “the Whole Foods of convenience stores”— has appointed M. Adam Kozak and M. Lorenzo Di Nino as Advisory Board members. Their expertise, skills, knowledge and previous senior experiences at Loblaw Companies Limited (TSX:L) will be of great value to the company.
About Adam Kozak
Strategic public company CFO at Sol Cuisine (TSXV: VEG) where he led $125M exit and Terrascend (CSE: TER) where he led M&A with over $300M in transaction value. Previously he has spent over 10 years at Loblaw Companies Limited (TSX:L) where he held progressive roles. He was also the CFO of a leading energy drink direct store distributor in Ontario and British Columbia.
About Lorenzo Di Nino
Lorenzo brings distinctive experience from over a decade of experience at Loblaw Companies Limited (TSX:L), holding in senior roles, most notably as Category director of natural foods shelf stable beverages, as well as sales experience on the customer facing side at ACE Bakery and Weston Foods. His experience in sales, supply chain management, strategic negotiations, category management and a true understanding of the customer, will be a valued asset to the advisory board.
KaleMart24 is breaking through the mold of c-stores being associated with junk food by offering healthier choices that cater to a mobile savvy younger generation. KaleMart24 is bringing excitement and fun to the c-store shopping experience by introducing a sustainable c-store chain that makes shopping for organic and healthy foods incredibly fun, with the homey feel of a market, yet the modern elegance of an upscale c-store — more lifestyle brands with high quality fresh food and beverage products. Curating specialty brands and products, KaleMart24 includes all the usual sections of a c-store, along with a small personal care section, and even a small organic pet section. For more information about KaleMart24, visit www.KaleMart24.com
For further information, please contact:
Oussama (Sam) Saoudi
Chief Executive Officer and Director
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward- looking information include, but are not limited to: negative cash flow and future financing requirements to sustain operations; dilution; limited history of operations and revenues and no history of earnings or dividends; competition; economic changes; regulatory changes in the Company’s primary markets and the impact of and risks associated with the ongoing COVID-19 pandemic, including the risk of disruption in its supply. The forward- looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.