New Leaf Ventures US Operation Appoints New Chief Financial Officer

— Preparations Underway for Increased Post-Covid Business Activity

VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing, and accelerating advanced stage operations in the North American Cannabis sector, wishes to advise that its wholly-owned subsidiary, New Leaf USA, Inc. (“New Leaf USA”) has announced the appointment of Debi Nordstrom to the role of Chief Financial Officer with immediate effect.

Ms. Nordstrom brings experience, enthusiasm, and goal-oriented practicality to her new role at New Leaf. She is recognized for her extensive accounting knowledge, adaptability, creative and strategic solutions, and candid approach. Debi has personal experience in nearly every industry through consulting, private industry, or public accounting. She has also served as Treasurer on several boards. She is the founder of Martin & Nordstrom Co, a firm providing financial, accounting, and general business consulting services. She has worked for the fortune 500 firm of PricewaterhouseCoopers LLP, one of the world’s largest professional services firms specializing in audit and assurance, tax and consulting, deals, and forensics.

Robert (Dax) Colwell CEO and Co-Founder of New Leaf USA & Director, New Leaf Ventures Inc. notes, “We are all delighted to have Debi join us as we prepare for the increased activity the entire sector is looking forward to as we enter the post-covid reality. Her efforts will provide heightened governance and an ability to forecast and plan a multi-year strategy for growth more accurately. I believe that this timely investment in key personnel will prove to be every bit as important as all the other infrastructural acquisitions we have undertaken over the past year. In fact, I’m confident that her insights will prove to have great strategic value as we move towards increasingly complex agreements and licensing opportunities. We look forward to working closely with Debi and welcome her to the team.”

Debi Nordstrom’s accomplishments will strengthen the New Leaf USA management capability as reflected in her experience and accomplishments. She has managed complex accounting system conversions and implementations to improve efficiencies and assisted with the preparation of business plans, budgets, cash flows, pro-forma financial information, and other financial analysis and modeling. Debi will help propel New Leaf USA to an entirely new level of financial oversight aimed at delivering improvements to the annual bottom line, while helping build commercial goodwill and sector confidence for the Company’s efforts both at home and nationally.

About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)
New Leaf Ventures Inc. is developing a cannabis sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor focused on cultivating, growing, processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/.

For further information, please contact:
New Leaf Ventures Inc.
Invictus Investor Relations
Tel: +1 (604) 330-9220
Email: investors@newleafventuresinc.com

Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

The CSE does not accept responsibility for the adequacy or accuracy of this release.