CGOC NR last week.
The company also reports that its board of directors has accepted the resignation of Jamie Blundell as the company's president and chief operating officer, effective Feb. 4, 2020, who will be transitioning into an operating role within the industry over the coming weeks. Mr. Blundell will continue to serve the company as a director.
Sean Conacher, chief executive officer of Cannabis Growth, commented: "On behalf of the board, we wish to extend our gratitude to Mr. Blundell for his efforts since launching the company's IPO in 2018. We look forward to his ongoing support, as we enter the next phase of CGOC's development, and collaborating with him at the board level."
Bye bye Brad.....meet your new CEO imo!
I SPECULATE the deal is to take a distressed co . like Cool and feed them just enough money and resources to ween them off of Fenix and dispensaries (others) to control their own margins longer term in effect monetize all their technology and assets to maximum value on a global scale.
Brad failed to do this alone because he was not prudent in raising money and growing the company internally. His burn was too high and he spent most of the money enriching himself and endless advertising costs without execution of what was promised in those advertisements which negated all the process to the point of bankrupting the company.
Now that we have a backer , the competition will have to deal with strips longer term. Other companies selling mj world wide will have to realize someone is coming to the table is going to be selling 10 mg of thc of which 80% is delivered pure whilst they try to sell 10mg where 20% is delivered . THE CUSTOMER will catch on to this. This is private sector competition . I was in the private sector and we cornered the whole market with a similar cost effective service. Trust me if you can offer a superior product which is cheaper to produce you will win once the private sector figures it out . Now maybe Cool will have that chance !