Heritage Cannabis Sees Sharples Step Down As CEO, Appointed Chair

Heritage Cannabis (CSE: CANN) has seen a management shakeup occur this morning. The company has seen the resignation of directors from the firms board, as well as the departure of Clint Sharples as the firms Chief Executive Officer.

More specifically, Sharples will be transitioning from his role of CEO, where he has served for a number of years, to that of chair of the board. Taking his place as CEO will be that of David Schwede, a former executive at Aurora Cannabis (TSX: ACB), as well as the CEO of cannabis concentrate brand Premium 5 prior to Heritage acquiring the firm. Schwede previously served as the President of Heritage’s recreational cannabis division.

Also announced this morning is the resignation of Donald Ziraldo, whom was Chair of the Board. Ziraldo’s resignation is said to be for both personal reasons as well as to pursue other business initiatives.

Finally, Max Gerard, whom is a partner at Merida Capital Holdings, has resigned from his role as a director of the company as a result of a pending security clearance from Health Canada. He will continue to act as an advisor to the board until such clearance is granted, with Schwede being appointed as a director in his place, the latter of which appears to be temporary.

Heritage Cannabis last traded at $0.09 on the CSE.


Information for this analysis was found via Sedar and Heritage Cannabis. 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Heritage Cannabis, A Fundamental Takedown?

Over the weekend, Braden Maccke over at Fundamental Hype put together a piece looking at...

Monday, August 5, 2019, 10:50:18 PM

Heritage Cannabis Earns Generates $0 in revenue, $156,912 in ‘other income’ Q3

Last week’s Heritage Cannabis (CSE:CANN) earnings preview was poorly received on the CEO.CA forums, where...

Tuesday, October 1, 2019, 06:21:13 PM

Heritage Cannabis To Acquire Premium 5 In $21.0 Million All-Stock Transaction

Heritage Cannabis (CSE: CANN) has signed a definitive agreement to acquire that of Premium 5...

Wednesday, December 23, 2020, 09:23:42 AM

Heritage Cannabis Secures $1.5 Million From Merida Capital For Missouri Entrance

Heritage Cannabis (CSE: CANN) has secured further financing. The company last night announced that it...

Friday, October 22, 2021, 08:47:14 AM

Heritage Cannabis Announces Contract Manufacturing Term Sheet

Heritage Cannabis (CSE: CANN) this morning announced that it has signed a term sheet for...

Tuesday, June 30, 2020, 09:20:00 AM