VANCOUVER, British Columbia, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. ("Victory Square" or the "Company") (CSE:VST) (OTC:VSQTF) (FWB:6F6) a publicly-owned technology accelerator, today named Barinder Rasode, the highly-touted CEO of the National Institute for Cannabis Health and Education, as the Chief Executive Officer of Grow Tech Labs (GTL), the company’s newly-established cannabis accelerator.

The timing of Rasode’s appointment is fortuitous given that the Grow Tech Labs accelerator program is being launched in association with the October 2018 legalization of cannabis in Canada.

“We are very pleased that someone of Barinder’s experience and profile within the cannabis industry has agreed to help lead this exciting new initiative,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. “In addition to attracting a diverse group of multi-generational leaders from the cannabis sector across Canada and around the world to Vancouver, Barinder will ensure that Grow Tech Labs delivers world class programs for participants that are rooted in innovation, scalable growth opportunities, entrepreneurship and mentorship. She literally checks all of the boxes for us.”

Ms. Rasode brings to Grow Tech Labs her unique background as both entrepreneur and long-time civil servant to the role of CEO. She carries key credentials such as in-depth experience with government policy acquired during her time as an elected Councillor for the City of Surrey, in healthcare as a member of Board of Directors for Fraser Health, and in the cannabis industry as co-founder and CEO of the National Institute for Cannabis Health and Education (NICHE) and co-founder of Cannabis Wise, a national product quality certification program.

Additionally, Barinder is a strong advocate for women in business as host of “SheTalks” radio and as a co-founder of the “SheTalks” conference series in British Columbia.

“I’m thrilled to join this Victory Square initiative to work together with leading industry partners to deliver world-class programs for participants that are rooted in innovation, entrepreneurship and mentorship,” said Rasode. “I’m so looking forward to working with our team at Grow Tech Labs to attract a diverse generation of cannabis sector leaders from across Canada and around the world to Vancouver.”

The Grow Tech Lab mandate is to help reaffirm BC’s status as a leading hub for global cannabis excellence and innovation. The company will:

  • Provide direct support, access to capital, mentorship and licensed space to locate innovative start-up Canadian companies in BC.
  • Deliver world class programs rooted in innovation, entrepreneurship and mentorship.
  • Attract international investment.
  • Accelerate the participation of small BC producers and processors in the legal marketplace.
  • Establish dedicated programming for female and Indigenous-founded/owned companies.
  • Establish partnerships with community, government, business and education organizations.
  • Develop a culture of corporate social responsibility in new and emerging sector.

Victory Square Technologies Inc. is a technology accelerator company that uses its experience, expertise and resources to help grow and scale its 23 portfolio companies. These companies are working on innovative and disruptive projects in every sector of the global economy, including Finance, Health, Cannabis, Real Estate, Insurance, Entertainment and Education.

Victory Square Technologies Inc. provides its stakeholders with a curated portfolio of emerging technology companies focused on: Artificial Intelligence (“AI”), Blockchain, Esports, Virtual Reality (“VR”), and Augmented Reality (“AR”), with the ability to provide significant upside to shareholders through monetization strategies that include IPO’s, RTO’s, and M&A activity.”

For further information about the Company, please contact:

Investor Relations Contact - Prit Singh
Email: prit@victorysquare.com
Telephone: 905-510-7636
Company Contact –Shafin Diamond, CEO and  Director
Email: media@victorysquare.com
Telephone: 604-283-9166

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies (VST) is an accelerator with 20+ portfolio companies focused on emerging technologies such as: Blockchain, Machine Learning, Artificial Intelligence and VR/AR. It has a proven process for identifying and investing in extraordinary start-ups which are working on innovative and disruptive projects in every sector of the global economy, including Finance, Health, Real Estate, Insurance, Entertainment and Education. Victory Square uses its expertise and resources to help grow and scale these portfolio companies, which results in significant returns for VST and its shareholders. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to future performance by any portfolio company of the Company, the impact of any portfolio company’s performance on the Company, the strategic direction of the Company, and its goal of broadening its portfolio of interests in innovative companies. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical fact contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.