Shares in food additives group LeanLife Health Inc (CVE:LLP) surged 7% to C$0.30 on Tuesday as the group named a new chief operating officer.
Elizabeth Liu is an expert in natural health products and commercial law and will be responsible for managing operations of the company's flax-seed-based omega 3 products.
She founded and is managing director of LINK Business Law Group, which provides corporate clients with a broad range of legal, strategic and risk-management advice, as well as general counsel services.
Liu also served as vice-president and general counsel of the Flora Group of companies where she was involved in all aspects of the group's operations.
Flora manufactures and sells premium natural health products and has numerous distributorships in international markets.
"Elizabeth Liu brings a valuable skillset to LeanLife and we see her playing a very important role as our company moves towards commercialisation," said Stan Lis, chief executive at LeanLife Health.
"It is essential to have the right strategy in place and the ability to execute that strategy so high-quality LeanLife products are marketed, produced and further developed in a timely, cost-effective fashion.
"We are extremely pleased that Elizabeth has chosen to bring her experience to our team at such a key point in LeanLife's development."