Cloud Nine Web3 Technologies appoints Lucas Russell as President and CEO

– CANADA, Vancouver –  Cloud Nine Web3 Technologies Inc. (CSE: CNI | OTC: CLGUF | FRA: 1JI0), a leading decentralized network and data storage technology company, today announced the appointment of Lucas Russell as President and CEO, effective February 14, 2022.

The Board of Cloud Nine commented, “We are very pleased to welcome Lucas as Cloud Nine’s President and CEO. Lucas has extensive leadership experience in the technology industry and corporate finance, and he has demonstrated his ability to build successful businesses which will help lead Cloud Nine to its next phase of growth.”

Allan Larmour has resigned as CEO and Sefton Fincham has resigned as President effective immediately. Mr. Larmour will remain on the board of directors.

Cloud Nine also announced the resignation of Peter Lee from the Board of Directors effective immediately.

About Lucas Russell

Lucas Russell has over a decade of experience in the financial markets and has been involved with entrepreneurial businesses for over 15 years, including the development and financing of start-ups. He has served on boards and executive teams of several publicly traded companies, guiding them from private to public corporations including the turnaround and eventual sale of a cannabis company which was guided from near bankruptcy to an 8-figure exit in under 2 years. Mr. Russell has been an early and active investor in several successful crypto start-ups and currently serves as CEO of Valdor Technology International Inc. (CSE: VTI), where he is overseeing the acquisition and a $5 million capital raise of a Layer 2 crypto technology company, and implementing its new business strategy and direction. Mr. Russell is passionate about building company value and finding accretive acquisitions for corporations.

Mr. Russell said, “I am honoured and excited to join the Company and this role as I have followed Cloud Nine’s progress. I look forward to working with the executive team and I am eager to support the Company’s expansion as I work to deliver success and create value for our shareholders.”

About Cloud Nine Web3 Technologies Inc.

Cloud Nine is a diversified technology company focused on leveraging its proprietary Web 3.0 technology products to enable decentralized movement among consumers and businesses alike. Web 3.0 enables a sustainable world where decentralized users and machines can interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties creating many benefits such as giving each user full control and ownership of all personal and corporate data.

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Talent4Boards Team