This afternoon, Jeannette VanderMarel abruptly announced she would be resigning as the CEO of Beleave Kannabis (TSXV: BE). The company is just coming off their AGM. In a tweet letting the Twittesphere know about her resignation, Jeannette wrote:
Happily resigned as CEO of Beleave Kannabis. #beleave Moving on to things I believe in. Wishing all Beleave staff a happy holiday season.
And changed her Twitter profile to:
Jeanette’s tenure at Beleave began on October 18th, 2019, at the time she said in a company press release:
“I am proud and thrilled to be adding my skills and investment to the Beleave team… This is an exciting time in the cannabis marketplace and our investors, employees, partners, and customers are looking for us to drive innovation and growth in this new era. Beleave is ideally positioned to capitalize on the many opportunities that are ahead of us, and I’m excited to be working with the leadership team to realize that potential.”
It’s hard to speculate on what went wrong. Beleave has generally been viewed as a mess from day one, ranging from ties to Bridgemark, restating financials, bizarre stock splits, lawsuits with Auxly, the list goes on…
The stock last traded at 2c and is currently halted.
Information for this briefing was found via Sedar and Beleave Inc. 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.
SmallCapSteve started blogging in the Winter of 2009. During that time, he was able to spot many take over candidates and pick a variety of stocks that generated returns in excess of 200%. Today he consults with microcap companies helping them with capital markets strategy and focuses on industries including cannabis, tech, and junior mining.