Trulieve Cannabis Confronts Former CFO's Alleged Misuse Of Funds & Corporate Credit Cards
Portfolio Pulse from Joana Scopel
Trulieve Cannabis Corp (OTCQX:TCNNF) is dealing with a financial scandal involving its former CFO Alex D’Amico, who is accused of misusing corporate credit cards and seeking reimbursements for personal expenses, amounting to around $400,000. The company has stated that these improprieties have not significantly impacted its financial statements. Trulieve has appointed Tim Mullany as the new CFO, but he left due to personal reasons, leading to the return of interim CFO Ryan Blust. D’Amico is now the CFO at CytoSorbents, a medical technology company.
August 10, 2023 | 9:19 pm
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Trulieve Cannabis Corp is dealing with a financial scandal involving its former CFO. The company has assured that this has not significantly impacted its financial statements.
The news of a financial scandal involving the former CFO could negatively impact investor sentiment towards Trulieve Cannabis Corp, potentially leading to a decrease in the company's stock price. However, the company's assurance that the scandal has not significantly impacted its financial statements may mitigate some of this negative impact.
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