Terrace Global Announces Appointment of Former Charlotte’s Web President and CEO, Hess Moallem, to Its International Advisory Board

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Terrace Global Inc. (Terrace Global or the Company) (TSXV: TRCE) is pleased to announce that Hesaam Hess Moallem has been appointed to the International Advisory Board. Mr. Moallem joins Messrs. Lorne Gertner, Hon. Jim Peterson, Maria Consuelo Araujo and Jonathan Goldman on the International Advisory Board.

Terrace Global has taken a unique approach to the development of its business. Focusing its cultivation and operations footprint in the nascent European Union market is an important differentiator for the Company. Terrace Globals footprint and knowledge in Portugal, in particular, gives the Company a unique advantage in the EU. I am looking forward to working with the team as they continue to develop the Companys extraction and product capabilities with a view to leveraging its low-cost cultivation, commented Mr. Moallem. Terrace Globals relationship with The Flowr Corporation (TSXV: FLWR) provides it a quality partner with extensive experience growing high quality cannabis. The foundation of any cannabinoid derivative product is the cultivation standards and genetics underpinning the ultimate product, whether that be finished or bulk form. These companies have found a way to work together to leverage each others expertise and advantages. I am excited to be a part of the Company and look forward to seeing it grow into a future global leader in the industry.

Mr. Moallem is a consumer-packaged goods industry executive and attorney with a diverse background that includes leadership and C-level positions in sales, marketing, supply chain, manufacturing, business development, international expansion/operations and legal/regulatory roles. Previously, Mr. Moallem served as the President, Chief Executive Officer and Director of Charlottes Web Holdings Inc. (TSX: CWEB), where he led the company through its successful initial public offering in 2018.

Hess brings a unique international perspective to our Company. While at Charlottes Web, he was a guiding force behind its branding, operations and go public strategy and has traversed the world looking at opportunities in the cannabinoid industry, commented Francisco Ortiz von Bismarck, Chief Executive Officer of Terrace Global. Our International Advisory Board is comprised of industry leaders and individuals with the relationships and global insight to help us succeed in the long term.

About Terrace Global

Terrace Global is a multi-country operator (MCO) led by experienced cannabis entrepreneurs focused on the development and acquisition of international cannabis assets. Terrace Globals focus is on federally legal jurisdictions with existing domestic demand, low cost inputs and approved for exportation. Terrace Globals existing asset platform consists of: (1) a 33.75% indirect equity interest in one of the currently two recreational cannabis operations in Uruguay; (2) 100% of Oransur, S.A., a Uruguayan company producing high CBD hemp in Uruguay; (3) 100% of Terra Nova Produ§£o e Comercializa§£o de Produtos Natuis e Farmacªuticos, Lda, a Portuguese company with a pre-license issued by INFARMED for the cultivation, importation, and exportation of medical cannabis in Portugal; and (4) 100% of Pharmabinoide S.L., a Spanish company producing and commercializing hemp in Spain. MariMed Inc. (OTCQX: MRMD), a multi-state cannabis operator in the U.S., dedicated to improving the health and wellness of people through the use of cannabinoids and cannabis products, owns approximately 6% of Terrace Global.


This news release contains certain forward-looking statements, including, but not limited to, statements about the Companys future plans and intentions. Wherever possible, words such as may, will, should, could, expect, plan, intend, anticipate, believe, estimate, predict or potential or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect managements current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Further Information

For further information regarding Terrace Global, please contact:

Terrace Global Inc.

Francisco Ortiz von Bismarck, CEO and Director

E-mail: [email protected]

Website: www.terraceglobal.ca