48North Cannabis Corp (TSXV: NRTH) announced this morning that Alison Gordon has left the company effectively immediately, while no reason was given for her departure. Instead, the release framed the departure as a promotion for that of Chief Corporate Officer Charles Vennat, who will now be assuming the role of CEO.
The departure of Gordon from the role of CEO is the second management change to come to the company over the last several months. In September, co-CEO Jeannette VanderMarel resigned from her role, and subsequently her role as a director of the firm, citing at the time it was a difficult decision. Gordon has now left the company after serving as the CEO for three years.
I am honoured to serve as 48North’s Chief Executive Officer. Over the past quarter, we have been diligently focused on operational upgrades, successfully conducting post-harvest activities from Good:Farm, building consumer loyalty, and preparing the launch of our impressive suite of next-generation brands. Provincial wholesalers, retailers, and consumers alike are demanding 48North’s products – largely a result of the significant progress the Company has made in building a strong, authentic and trusted brand in Canada.Charles Vennat, CEO of 48North
It is unclear at this time whether Gordon has also departed from the firms Board of Directors as well or not. The news release announcing her departure made no mention of her directorship role, and the company’s website has not yet been updated to reflect the departure.
48North last traded at $0.23 on the TSX Venture.
Information for this briefing was found via Sedar and 48North Cannabis Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.