- Shiny Health & Wellness (TSXV:SNYB) has appointed Meris Kott as its interim CEO
- The appointment of Kott comes following the resignation of Michael Nadeau as CEO and member of the board of directors as of Nov. 18
- Kott has been involved in the cannabis industry since 2012 after developing the first seed to sale dispensing terminal in Colorado
- Shares of Shiny Health closed Monday at C$0.08
Shiny Health & Wellness (TSXV:SNYB) has appointed Meris Kott as its interim CEO after the resignation of Michael Nadeau as CEO and as a member of its board of directors on Nov. 18.
In a news release, the company stated Kott has been involved in the cannabis industry since 2012 after developing the first seed to sale dispensing terminal in Colorado after it became the firs state to approve the sale of recreational cannabis.
Kott’s involvement in the Canadian cannabis industry began in 2018 when she assisted in the launch of a merchant bank to fund newly approved cannabis products and companies entering the newly-legal Canadian cannabis sector.
“As someone who has ushered many companies to the next level in the sector, this company is by far one my favorites, because of the unlimited potential I see ahead for all of us,” Kott said in a statement. “In this nascent cannabis sector, there is so much more to discover from this plant and also accomplish for the company and our supportive stakeholders.”
In addition to Kott’s background in the cannabis sector, her background includes the global and investment banking sector and she began in Europe in the Netherlands in 1983. Kott then moved to the U.S. in 1985 and began working for an American investment bank that specialized in the funding of emerging companies.
In tandem with her role as interim CEO of Shiny Health, Kott also serves as CEO of Xtacy Therapeutics (CSE:XTCY), a psychedelics incubator company that provides high growth companies with assistance in the market for wellness consumer products.
With its headquarters out of Toronto, Ontario, Shiny Health & Wellness operates ShinyBud Cannabis, a brand of adult-use dispensaries in Ontario.
Shares of Shiny Health closed Monday at C$0.08.
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