Changes in Executive Management Team
Latest News Release: VANCOUVER and DENVER, May 28, 2019 VANCOUVER and DENVER, May 28, 2019 /CNW/ - Cannabis One Holdings Inc. (CSE:CBIS) ("Cannabis One", "CBIS", or the "Company"), an emerging premier "House of Brands" in North America, is pleased to announce the following changes to its executive management team: Mr. Anthony Segarra, currently Vice President of Business Development with the Company, has been appointed interim Chief Operating Officer ("COO") of Cannabis One, effective May 28, 2019; and Ms. Theresa Mohan, currently Vice President of Finance with Cannabis One, has been appointed interim Chief Financial Officer ("CFO") of the Company, effective May 28, 2019. With a strong background and understanding in regulatory compliance and law enforcement, and with extensive previous experience in the development and implementation of company-wide standard operating procedures and efficiency initiatives in the cannabis sector, Mr. Anthony Segarra, in his new capacity as interim COO, will be responsible for global oversight of business operations across the Company and for the successful operational integration of Cannabis One's acquired interests, such as the Company's recently announced Fat Face Farms, Honu, and Herah brand lines, and the Nevada-based Evergreen Organix, Fleur, and EG.O brand lines, following the anticipated closing of that transaction, announced April 22, 2019. Additionally, Mr. Segarra will oversee the development of Cannabis One's recently announced Oregon manufacturing and processing facilities, and the roll-out of its innovative INDVR line of vaporizer products and its The JointTM retail concept in each state-legal jurisdiction in which the Company operates, as such opportunities, and legislation and regulations may permit. Possessing extensive executive level financial operations and control process implementation experience, Ms. Theresa Mohan, in her capacity as Vice President of Finance with the Company, has been instrumental to Cannabis One's public listing application on the Canadian Securities Exchange ("CSE") and has provided invaluable operational oversight of Cannabis One's diverse range of business units since the Company's inception in February 2015. In her expanded role as interim CFO, Ms. Mohan will be responsible for supporting her fellow executives in all strategic and tactical matters as it relates to corporate financial oversight and planning for the Company. Additionally, Ms. Mohan will oversee the successful financial integration of Cannabis One's recent and anticipated acquisitions, and will continue to advise on the appropriate capital budgeting and expenditure programs for such assets, as the Company pursues the focused expansion of its "Best-of-Breed" brands. Reflecting on the new appointments, Jeffery Mascio, Chief Executive Officer of Cannabis One, commented "CBIS is excited to announce the transition of Mr. Segarra and Ms. Mohan into their expanded roles within the Cannabis One organization." Mr. Mascio continued, "These new appointments are in recognition of each individual's considerable achievement and a testament to their respective contributions to the success of Cannabis One thus far. Once transitioned, we believe the efforts of Mr. Segarra and Ms. Mohan in their new positions will significantly enhance the operational and financial oversight necessary for CBIS to continue its expansion and acquisition efforts across the United States and abroad." In connection with the appointment of Ms. Mohan as interim CFO, Cannabis One's current interim CFO, Mr. Ryan Atkins, will resign from his current role, effective May 28, 2019. Possessing extensive international legal and accounting experience in both the United States and Canada, Mr. Atkins will transition into the role of General Counsel for the Company, following Ms. Mohan's interim CFO appointment. Cannabis One wishes to take this opportunity to thank Mr. Atkins for his exemplary work and efforts in managing the Company's public market transition and for his continued support and guidance in assisting Cannabis One execute on its intensive acquisition program. Read more at https://stockhouse.com/news/press-releases/2019/05/28/cannabis-one-holdings-inc-announces-changes-in-executive-management-team#IJ6WUuy3Icc11Y4x.99