Bill Gregorak Archives

StaffFebruary 21, 2019

Acquisition of Real Estate, Facilities and Infrastructure for Two Active Grows and Five Colorado Medical Cannabis Dispensaries

COLORADO SPRINGS, Colo., Feb. 21, 2019 /AxisWire/ Covalent Collective, Inc., a burgeoning network of vertically integrated cannabis-centric enterprises, announces today the completion of its first acquisition, internally referred to as the “Colorado 16”, which includes ownership of the real estate that leases multiple medical marijuana cultivations, production and five Colorado medical cannabis dispensaries. The operators of Colorado 16 are among the most experienced in the cannabis industry and bring to bear more than ten years of experience in the production, extraction and distribution of cannabis products. Terms of the transaction were not disclosed.

“The acquisition of Colorado 16 will form the foundation of Covalent’s vertically integrated operating platform. Our long-term strategy is to enhance and strengthen our platform and significantly expand it throughout the US, which includes plans to develop over one-million square feet of cultivation capacity. We look forward to continuing to share our progress on our various business initiatives with investors in the months ahead,” commented Mr. Bill Gregorak, CEO of Covalent Collective.

Colorado 16’s proprietary cultivation processes have resulted in consistently high-quality production and amongst the industry’s lowest cost of production. A next generation production facility is currently scheduled to be completed in 2019 and is expected to measurably improve yield and quality consistency. Hydroponics Depot, the largest supplier of canna agricultural supplies in Arizona, which is included in the Colorado 16 acquisition, will further help reduce the overall cost of production while capitalizing on the growth of both commercial and home cultivation operations in the AZ market.

About Covalent Collective:

Covalent Collective, Inc. is a British Columbia, Canada company founded in 2014 and headquartered in Colorado Springs, CO. The Company is building a diverse network of vertically integrated cannabis-centric enterprises that span the entirety of the legal cannabis and hemp industries. With a vision to build the largest grow capacity in the U.S., Covalent Collective’s mission is to create stronger bonds throughout the greater cannabis community through the execution of a strategic acquisition and joint venture strategy that is strategically positioned to support eventual federal legalization in the United States. For more information, please visit https://covalentcannabis.com.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward- looking information” within the meaning of Canadian securities laws, or collectively, forward-looking statements. Forward-looking statements in this press release may be identified by the use of words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions, including statements with respect to the Company’s rebranding and acquisition strategies. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment and future approvals and permits. Actual results, performance or achievements could differ materially from those expressed in, or implied by, any forward-looking statements in this press release, and readers should not place undue reliance on any such forward-looking statements since they are not guarantees of future results. The Company does not undertake and specifically declines any obligation to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

Media Contacts:

Nick Opich / Cynthia Salarizadeh

KCSA Strategic Communications

212-896-1206 / (856) 425-6160

nopich@kcsa.com / cynthia@kcsa.com

Investor Contact:

David Hanover

KCSA Strategic Communications

212-896-1220

dhanover@kcsa.com

Richard Kaiser

Covalent Collective, Inc.

rkaiser@covalentcannabis.com

757-306-6090

StaffJanuary 30, 2019

Colorado Springs, Colorado, Jan. 30, 2019 /AxisWire/ Covalent Collective , Inc. (“Covalent Collective” or the “Company”), a burgeoning network of vertically integrated cannabis businesses, announced today that the Company has added two new members to its leadership team with the hiring of Anthony Engel as Chief Financial Officer and Douglas Matthews as Chief Operations Officer. Both Mr. Engel and Mr. Matthews will report directly to Bill Gregorak, CEO of Covalent Collective.

Anthony Engel brings extensive financial leadership experience to Covalent Collective having served as CFO across a range of retail, consumer packaged goods, and agricultural verticals. In his role as CFO, Mr. Engel will be responsible for overseeing Covalent Collective’s financial operations and be responsible for managing liquidity, balance sheet risk and capital market transactions to ensure the Company remains well positioned to capitalize on growth opportunities. Before joining Covalent Collective, Mr. Engel served as CFO at Agrium and managed the expansion of the Company’s retail footprint of its agricultural product lines across nine countries and four continents. In addition to his experience at Agrium, Mr. Engel also previously served as Corporate Accounting Manager at Molson Coors and held a leadership role in the IPO processes for three different companies, was involved in numerous debt and equity financings, and oversaw more than fifty acquisitions including managing the successful sale of a national food retailer (Wild Oats) to a strategic buyer (Whole Foods Market).

“I am pleased to announce the addition of Anthony to our executive team. His impressive background and financial leadership experience managing multiple public companies through the IPO process will prove to be an invaluable asset to the Company as it executes on its growth strategy throughout 2019 and beyond,” commented Mr. Gregorak. “As we continue to expand Covalent Collective’s footprint in the U.S. and abroad, Anthony’s deep understanding of executing financial strategies and his strong international experience will be critical as we look forward to continuing to scale the business and build value for shareholders.”

Douglas Matthews joins Covalent Collective as Chief Operations Officer and will be responsible for developing effective and efficient organizational capabilities at both the Company’s corporate headquarters as well as throughout Covalent Collective’s network of vertically integrated cannabis businesses. With experience in consumer products sales, marketing, production and distribution on global basis, Mr. Matthews brings a combination of both tactical and strategic skills with a focus on organizational performance, strategic alignment, relationship development and profitable operational execution to the organization. Before joining Covalent Collective, Douglas served as President/Founder of The 4E Project Inc., a private corporate redevelopment firm engaged in leading organizations’ assessment, refinement and implementation of strategic business expansion, acquisition/divestiture and market expansion activities. Prior to The 4E Project, Douglas spent 14 years with Case Logic, subsequently acquired by Thule, where he served as President of the Organization Solutions business unit, with prior roles as the Senior VP Sales & Marketing, VP of Custom Products group and lead the expansion of the Company’s Asia/Pacific retail and wholesale operations.

“As our operations continue to grow in size and complexity across a network of businesses, we will rely upon Doug’s creative flexibility and global entrepreneurial experience to ensure financial strength and operational efficiency,” added Mr. Gregorak. “With over three decades of experience leading large geographically dispersed organizations, Doug will play a critical role guiding Covalent Collective towards executing its strategic goals and becoming a leading cannabis company.”

About Covalent Collective:

Covalent Collective, Inc. is a British Columbia, Canada company founded in 2014 and headquartered in Colorado Springs, CO. The Company is building a diverse network of vertically integrated cannabis-centric enterprises that span the entirety of the legal cannabis and hemp industries. With a vision to build the largest grow capacity in the U.S., Covalent Collective’s mission is to create stronger bonds throughout the greater cannabis community through the execution of a strategic acquisition and joint venture strategy that is strategically positioned to support eventual federal legalization in the United States. For more information, please visit https://covalentcannabis.com.

Media Contacts:

Nick Opich / Cynthia Salarizadeh
KCSA Strategic Communications
212-896-1206 / (856) 425-6160
nopich@kcsa.com / cynthia@kcsa.com

Investor Contacts:
David Hanover / Rich Kaiser
KCSA Strategic Communications / Covalent Collective, Inc.
212-896-1220 / 866-420-4205
dhanover@kcsa.com / ir@covalentcollective.co

Cautionary Note Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward- looking information” within the meaning of Canadian securities laws, or collectively, forward-looking statements. Forward-looking statements in this press release may be identified by the use of words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions, including statements with respect to the Company’s operations and growth strategies. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment and future approvals and permits. Actual results, performance or achievements could differ materially from those expressed in, or implied by, any forward-looking statements in this press release, and readers should not place undue reliance on any such forward-looking statements since they are not guarantees of future results. The Company does not undertake and specifically declines any obligation to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

Nick Opich
Covalent Collective
2128961206
nopich@kcsa.com

StaffJanuary 8, 2019

Colorado Springs, CO, Jan. 08, 2019 /AxisWire/ Doyen Elements International, Inc., a burgeoning network of vertically integrated cannabis businesses, announces its rebranding and renaming itself to Covalent Collective , Inc. (“Covalent Collective” or the “Company”). In addition, the Company announced Bill Gregorak as Chief Executive Officer, effective immediately. Prior to being named CEO, Mr. Gregorak served as Chief Financial Officer of Covalent Collective since February 2018. Mr. Gregorak takes over as CEO from Geoffrey Thompson, a co-founder of Covalent Collective, who will continue as leader of merger and acquisitions.

“The cannabis industry is evolving even more rapidly than any of the experts expected, and Covalent Collective’s value proposition differentiates us in a crowded marketplace. Over the coming weeks, months and years, the vision we have will yield tremendous shareholder value, and position us for exponential growth,” said Mr. Thompson. “We are confident that the rebrand and name change to Covalent Collective effectively aligns with our core mission of building out a vertically integrated network of unique cannabis enterprises. It also allows us to capitalize on this rapidly expanding market by providing a means to greatly enhance and accelerate our partners’ growth potential. As we continue to grow Covalent Collective, we will focus our efforts on both organic growth and strategic acquisitions.”

In his role, Mr. Gregorak will direct all business units and strategy for Covalent Collective. Mr. Gregorak will also oversee the execution of the Company’s rebranding and acquisition strategy of plant-touching enterprises that grow, process and sell cannabis products.

“As a seasoned executive, Bill Gregorak brings to bear more than two decades of public company experience. Coupled with his broad background in managing relationships with customers, partners and investors, Bill has the right combination of skills and experience to lead our company and senior management team,” added, Mr. Thompson. “Throughout the search process, Bill’s unique skill set stood out as the best candidate for the CEO position and we are thrilled to have him lead us into our next level of growth and expansion.”

Prior to joining Covalent Collective, Mr. Gregorak served as CFO for publicly traded companies on both the NASDAQ and the OTC markets including Two Rivers Water and Farming, a company that builds and leases greenhouses optimized for marijuana cultivation and also specializes in the development of water resources for municipal, commercial and agricultural usage in Southwest Colorado. Mr. Gregorak also spent nearly 20 years with tech giant Hewlett-Packard in various financial and operational capacities.

“Before taking Covalent Collective to the next level, we needed to develop a more sophisticated brand, one that better reflects our mission,” said Mr. Gregorak. “As we take this next step, our goal is to provide tremendous value to our partners, investors and potential shareholders. In order to achieve this, we are confident that a diversified, innovative collective of vertically integrated cannabis enterprises will allow us to optimize efficiency across the entire cannabis ecosystem.”

About Covalent Collective:

Covalent Collective, Inc. is a British Columbia, Canada company founded in 2014 and headquartered in Colorado Springs, CO. The Company is building a diverse network of vertically integrated cannabis-centric enterprises that span the entirety of the legal cannabis and hemp industries. With a vision to build the largest grow capacity in the U.S., Covalent Collective’s mission is to create stronger bonds throughout the greater cannabis community through the execution of a strategic acquisition and joint venture strategy that is strategically positioned to support eventual federal legalization in the United States. For more information, please visit https://covalentcannabis.com.

Media Contacts:
Nick Opich / Cynthia Salarizadeh
KCSA Strategic Communications
(212) 896-1206 / (856) 425-6160
nopich@kcsa.com/ cynthia@kcsa.com

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward- looking information” within the meaning of Canadian securities laws, or collectively, forward-looking statements. Forward-looking statements in this press release may be identified by the use of words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other similar expressions, including statements with respect to the Company’s rebranding and acquisition strategies. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment and future approvals and permits. Actual results, performance or achievements could differ materially from those expressed in, or implied by, any forward-looking statements in this press release, and readers should not place undue reliance on any such forward-looking statements since they are not guarantees of future results. The Company does not undertake and specifically declines any obligation to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.