Michael Newman
Chairman of the Board
Michael founded InterRent International Properties Inc. in 1997, taking it public on the TSX.V in 1999. He was the CEO and President from 1997 to 2006, and led its conversion to a REIT structure in 2006 and transfer to the TSX. Michael was the CEO, President and Trustee of InterRent REIT from 2006 until retirement in 2009. Michael successfully grew InterRent from a standing start to ~4,000 units before his retirement from the company.
He has served as an independent director on the Board of Directors of 18 TSX.V, CSE or TSX listed companies since 1995, and on the Board of Advisors of two private equity funds.
Michael serves on the Independent Review Committee of two TSX listed Mutual Fund Trusts.
He is the President of KE Real Estate Holdings Inc., a private real estate company that owns rental properties in the GTA.
Michael Appelton
President and CEO
Mike is the founder, President and CEO of Peninsula Capital Corp. He is responsible for asset management of the existing portfolio, directing the acquisition strategy and coordinating all financing activities.
Prior to entering the entrepreneurial world, Mike worked for 15 years in commercial and corporate banking, the majority of which was with GE Capital where he held positions of increasing responsibility in risk management, portfolio management and sales. In his last role with GE Capital he was responsible for structuring and underwriting transactions totaling over $500 million in annual volume.
Robert Macdonald
Independent Board Member
Robert was the Founder and a Director and CEO for almost 20 years of Afton Food Group Ltd. (TSE-AAF) and its’ predecessor companies which were involved in the food services industry. Afton grew from a standing start to over 440 corporate and franchised restaurants, in three countries, generating more than $180 million in system sales per annum. He retired from Afton in 2003.
He served as a Director and the Chair of the Audit Committee of the Skor Food Group (TSX-V-SKF) for 8 years until it was sold in 2009. During that time Skor, which operated as a wholesaler of food products to the food service industry throughout Ontario, grew its’ sales from $10 million to more than $100 million per annum.
Robert has also served as a Director or Investor in several private companies which successfully merged with CPCs on the TSX-V. He also has experience in mergers and acquisitions and has personally acted in substantial capital raises.
Scott Samuel
Independent Board Member
Scott is the founder and CEO of C15 Solutions, Inc., formerly called Cannabis One Five, Inc. C15 is the leading global cannabis enterprise quality management solution (“eQMS”). C15 is the global technology partner for Veeva Systems, Inc., a NYSE listed global giant in the life sciences, pharmaceutical and outside life sciences sectors, consumer package goods. C15 is exclusively focused on the cannabis sector and now has customers in seven (7) countries with more than 1,000 users.
Scott was CFO of Skura Corp until its sale to Indegene. Scott was CFO of Wasteco Group until he founded C15 Solutions, Inc in 2018.
Prior to this Scott was an investment banker for more than 30 years and is a lawyer.
He holds degrees in Bachelor of Commerce (Economic); Master of Business Administration (Finance & Strategy); J.D. (LL.B.); LL.M. (Tax Law); and Chartered Director Degree.
Mark Hansen
Independent Board Member
Mark is President of CHC Group of Companies. He oversaw the operations and management of a group of companies that include a private limited partnership with assets in excess of $160 million (1,991 bed student housing), a development company and a small public company with assets in excess of $70 million (first ever public company in Canada focused on student housing).
Mark has successfully raised over $100 million in equity for various development projects.
Mark was previously the Vice President Operations of CAP REIT, responsible for over 14,000 residential units and over 250,000 s.f. of commercial space from Ontario to British Columbia. He oversaw revenues in excess of $250 million annually, capex of $30 million annually and the management of over 200 employees.
Mark sat on the Board of Directors of Interrent REIT from 2004 to 2007.