Wealthcraft Capital Inc. Announces the Appointment of New Management
LOS ANGELES, CALIFORNIA – September 19, 2018 – Wealthcraft Capital Inc. (OTC PINK: WCCP) ("Wealthcraft" or the "Company") is pleased to announce the appointment of John MacPhail as CEO and Robert Wilson as President, effective immediately. Both Mr. MacPhail and Mr. Wilson will also be appointed to the new Board of Directors that the Company expects to announce in the near future.
Mr. MacPhail has 30 years of experience in the investment banking industry, having worked at several Canadian investment dealers, including as CEO of a national dealer that he joined during the 2008 economic crisis and later successfully sold to another large Canadian investment dealer. As an investment banker, Mr. MacPhail has been involved in raising in excess of $2 billion dollars for a broad range of companies across various sectors, with a particular focus on healthcare. Most recently, he was CEO of I-5 Holdings Ltd. (“I-5”), a Canadian company with holdings in the US medical cannabis sector. I-5 was sold earlier this year Captor Capital Inc. (CSE:CPTR), a Canadian-listed investment company. Mr. MacPhail also sits on the boards of several other public companies and has been involved with numerous non-profit organizations.
Mr. Wilson has a 30-year career in investment management and investment banking, with a particular focus on M&A, corporate governance and corporate management. During his career, Mr. Wilson has held senior positions in investment banking at BMO Nesbitt Burns, First Marathon Securities, Yorkton Securities and Research Capital. Mr. Wilson has also managed investment portfolios at a major Canadian venture capital firm as well as at a subordinated debt fund that he co-founded in 2014. Most recently, Mr. Wilson held senior positions at two publicly-listed cannabis companies, where he was responsible for corporate finance and M&A. Over his career, Mr. Wilson has held board seats and senior executive positions at six public companies listed on the CSE, TSX and TSXV exchanges.
“We are extremely pleased to welcome John and Robert to Wealthcraft and believe that their vision of making the Company a leader in the wellness space will create significant shareholder value,” said Adam Sexton, current CEO of Wealthcraft. “I look forward to working with our new leadership team in my role as director during this transition period,” added Sexton.
Wealthcraft Capital is focused on acquiring private companies that have a focus on the improvement of physiological and psychological wellness. The Company intends to acquire controlling interests in businesses that have products and brands that can be introduced to new markets such as patient-based facilities and clinics. Through education and feedback from these markets, the Company plans to assemble the data necessary for further product development and clinical research.
This Press Release contains certain “forward-looking statements” [as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)]. These statements reflect our current expectations regarding our possible future results of operations, performance, and achievements. Wherever possible, the Company has tried to identify these forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,” and similar expressions. These statements reflect our current beliefs and are based on information currently available to us. Accordingly, these statements are subject to certain risks, uncertainties, and contingencies, which could cause our actual results, performance, or achievements to differ materially from those expressed in, or implied by, such statements. Further, the safe harbor provisions of the Exchange Act may not apply to an issuer that issues penny stock. These statements speak only as of the date of this press release. Actual results may differ materially from those indicated by such forward- looking statements as a result of various important factors. The Company does not assume any obligation to update any forward- looking statements to reflect events or circumstances after the date of this Press Release except as required by applicable law.