Woman Takes Helm Of Quebec's Cannabis Retail Monopoly And More Industry Changes
Portfolio Pulse from Jelena Martinovic
Several changes in leadership and board positions have occurred in the cannabis industry. Suzanne Bergeron has been appointed as the new president and CEO of the Société québécoise du cannabis (SQDC). In Morocco, Mohamed El Guerrouj has been named the general director of the Morocco National Agency for Regulating Cannabis Related Activities (ANRAC). In the U.S., Debra Hilton-Creek has been named the acting executive director of the Massachusetts Cannabis Control Commission (CCC). Several cannabis companies including Greenway Greenhouse Cannabis Corporation, StateHouse Holdings Inc., Glass House Brands Inc., Rubicon Organics Inc., Greenlane Holdings, Inc., Flora Growth Corp., and Nextleaf Solutions Ltd. have also announced changes in their board of directors.
November 02, 2023 | 6:41 pm
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Pamela Moore, the chief content strategy officer for Denver-based marijuana media company Marijuana Business Daily, owned by Emerald Holding, Inc., stepped down from her role after four years.
Pamela Moore's departure from Marijuana Business Daily may lead to changes in the company's content strategy. However, as she stated her decision was personal and not related to her professional endeavors, the impact on Emerald Holding, Inc.'s stock is expected to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Flora Growth Corp.’s Hussein Rakine recently resigned from his role as board director but will continue to serve as a special advisor to the company.
Hussein Rakine's resignation from the board of Flora Growth Corp. could lead to changes in the company's strategic direction. However, as he will continue to serve as a special advisor to the company, his expertise and insights will still be available. Therefore, the impact on the company's stock is expected to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Greenlane Holdings, Inc. reported in October that Jeff Uttz stepped down from the board of directors, allowing Gina Collins to assume the role.
Jeff Uttz's departure from the board and Gina Collins's appointment could bring new perspectives to Greenlane Holdings, Inc. However, as board changes are common in companies and this change doesn't seem to be due to any controversy or disagreement, the impact on the company's stock is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80