- Hill Street (BEER) Board of Directors has appointed Jack Fraser to the role of Chairman
- Jack Fraser is a serial growth venture operator and financer with more than 30 years of experience in digital media and e-commerce
- Most recently, as the head of finance with SSENSE, a Québec-based global luxury fashion e-commerce retailer
- Hill Street also announces its intention to complete a non-brokered private placement of units of Hill street for $0.08 per unit
- Hill Street (BEER) is in the grey and is trading at C$0.11 at 11:18 am EST
Hill Street (BEER) Board of Directors has appointed Jack Fraser to the role of Chairman.
Terry Donnelly, Chief Executive Officer of the Company remarked, “Jack’s tremendous input to navigating our company through incredibly difficult waters during the pandemic, and his personal contributions to the success of closing our transformational deal with Lexaria, showed our board that we had an incredible talent who was willing to step up and provide that next level of guidance, coaching and leadership that our Company needs. His experience will be invaluable as we accelerate into the next chapter of our growth in both B2C and B2B cannabis products.”
Jack supported the development of some of Canada’s most recognized digital retail brands and has held various executive roles, including COO & CFO, and most recently as the head of finance with SSENSE, a Quebec-based global luxury fashion e-commerce retailer.
Jack holds a joint MBA from the Kellogg School of Management at Northwestern University and Schulich School of Business at York University.
Hill Street also announces its intention to complete a non-brokered private placement of units of Hill street at $0.08 per unit.
Each unit comprises one (1) common share and one (1) warrant of Hill Street.
Each Warrant will entitle the holder to purchase one (1) common share of the Company at a purchase price of $0.11 per share for a period of three (3) years from the date of Closing.
The size of the offering has not been finalized at this time. However, Hill Street has secured initial commitments totalling approximately C$2.5 million.
Hill Street anticipates closing the private placement in one or more tranches, with the first tranche anticipated to close in early February 2021. Closing of the private placement is subject to the approval of the TSX Venture Exchange.
Hill Street is focused on alcohol-free beer, wine, and adult-format beverages. Its brands include Hill Street Craft Brewed Lager, Vin(Zero) and Vintense wines.
Hill Street (BEER) is in the grey and is trading at C$0.11 at 11:18 am EST.
