Cannara Appoints Nicholas Fozard as Chief Financial Officer

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Postmedia has not reviewed the content. by GlobeNewswire Cannara Appoints Nicholas Fozard as Chief Financial OfficerAuthor of the article:MONTREAL, Sept. 01, 2026 (GLOBE NEWSWIRE) — Cannara Biotech Inc. (“Cannara”, the “Company”, “us” or “we”) (TSX: LOVE) (OTCQX: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis products at affordable prices with two mega facilities in Québec spanning over 1,600,000 sq. ft., today announced the appointment of Nicholas Fozard, CPA, as Chief Financial Officer. Mr. Fozard’s appointment as CFO will take effect upon his receipt of the Health Canada security clearance required of all officers and directors of the Company.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Account“We are pleased to welcome Nicholas Fozard to Cannara,” said Zohar Krivorot, Founder and Chief Executive Officer of Cannara. “His extensive cannabis-sector finance experience, combined with his background in public-company reporting, manufacturing finance, capital markets and transactions, makes him a strong addition to our leadership team. As Cannara continues to scale its operations and pursue growth opportunities in Canada and internationally, his financial leadership will support disciplined execution and long-term value creation. I would also like to thank Nicholas (Niko) Sosiak for his leadership of our finance function throughout the search and for ensuring continuity as he assumes his responsibilities as Chief Operating Officer.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Nicholas brings more than a decade of cannabis finance leadership experience across Canada and the United States, together with broad expertise in public-company reporting, manufacturing finance, capital markets, treasury, mergers and acquisitions, and internal controls,” said Niko Sosiak, Chief Operating Officer of Cannara. “His experience will be a valuable addition to Cannara as I transition fully into the Chief Operating Officer role, leading Cannara’s operational and commercial growth priorities.”Prior to joining Cannara, Mr. Fozard served as Vice President, Finance at Organigram Global and Senior Vice President, Finance at iAnthus, where he was instrumental in scaling the company from its inception into a U.S. multi-state cannabis operator. He began his career at PwC.Mr. Fozard holds a CPA designation, an MBA from the Kellogg–Schulich Executive MBA Program, a Global Professional Master of Laws from the University of Toronto, and an Honours Bachelor of Commerce from McMaster University.“Cannara’s growth trajectory has been impressive, with a differentiated cannabis platform supported by a strong team, focused brands and a disciplined operating model that has demonstrated its scalability through consistent execution quarter after quarter,” said Nicholas Fozard. “I am excited to join the Company at this pivotal stage of its growth and work with the team to capitalize on Cannara’s momentum, help drive its expansion across Canada and internationally, and create long-term shareholder value through disciplined, strategic capital allocation.”This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The appointment completes the leadership transition announced by Cannara on May 6, 2026. Mr. Sosiak, who served as the Company’s Chief Financial Officer from 2020 until his appointment as Chief Operating Officer on April 23, 2026, has continued to serve as interim Chief Financial Officer during the search. Mr. Sosiak will now transition fully into his role as Chief Operating Officer and will work closely with Mr. Fozard to support a seamless handover of Chief Financial Officer responsibilities.Scott Carroll, PhD, MBAVice President, Investor Relations & Commercial Strategyscott.carroll@cannara.caCannara Biotech Inc. (TSX: LOVE) (OTCQX: LOVFF) (FRA: 8CB0), is a vertically integrated producer of affordable premium-grade cannabis and cannabis-derivative products. Cannara owns two mega facilities based in Québec spanning over 1,600,000 sq. ft., providing the Company with 100,000 kg of potential annualized cultivation output. Leveraging Québec’s favourable energy costs, Cannara maintains an efficient, low-cost production model. For more information, please visit cannara.ca.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.