CNTMF is at an inflection point following a business turnaround, set to experience significant revenue and EBITDA growth from here. Click here to read more.
MedMen Appoints Reece Fulgham As Interim CFO
Cannabis retailer
Fulgham replaces Zeeshan Hyder, who opted to step down from the position.
The Los Angeles-based company confirmed Friday that Fulgham will supervise its finance and accounting operations starting Dec 21.
Fulgham is a former CPA who brings over three decades of accounting, turnaround management, and restructuring experience. During his career, he served as an auditor, board member, interim operating manager, and advisor to several companies, including Hollywood Video, Epic Resorts, American Golf, and Imperial Sugar, to name a few.
Currently, he serves as a managing director at SierraConstellation Partners.
Tom Lynch, the company’s chairman, and Interim CEO thanked Hyder for his contributions, adding that “his steady hand and deep industry knowledge were vital during our turnaround.”
Henry Batievsky Files Early Warning Report
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MIAMI, Dec. 21, 2020 /PRNewswire/ - Henry Batievsky, a former director and current officer of Cansortium Inc., 82 NE 26
th Street, Unit 110, Miami Florida 33137 (the Company ), has filed an early warning report with respect to his shareholdings of the Company.
Pursuant to a surrender agreement entered into with the Company in connection with his amended and restated employment agreement, Mr. Batievsky transferred an aggregate of 1,307,524 Proportionate Voting Shares of the Company for nominal aggregate consideration of US$0.01. 624,789 of these Proportionate Voting Shares were transferred to the Company for cancellation and 682,735 of these Proportionate Voting Shares were transferred to a third party.
Cansortium Announces Resignation of Marcos Pedreira
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Co-Founder and Former CFO to assume Interim CFO role
MIAMI, Fla., Dec. 21, 2020 /PRNewswire/ - Cansortium Inc. ( Cansortium or the Company ) (CSE: TIUM.U), (OTCQB: CNTMF), a vertically-integrated provider of premium-quality medical cannabis operating under the Fluent™ brand, today announced that Marcos Pedreira has tendered his resignation as Chief Financial Officer (CFO) of the Company, effective December 30, 2020, to pursue a new career opportunity. Marcos, who joined the Company in September 2018, will work with the Company on an orderly transition. Henry Batievsky, the Company s co-founder, prior CFO and current Chief Production Officer (CPO), has agreed to serve as Interim CFO until a replacement is hired. Henry will retain the duties of CPO while serving as interim CFO. The Company has commenced its search for a new CFO.