Trulieve Sees CFO Step Down, Names Replacement Effective June 1

Trulieve Cannabis (CSE: TRUL) has seen chief financial officer Mohan Srinivasan resign from his role with the company with little explanation. Taking his place on an interim basis will be that of the firms controller Ryan Blust, which will be followed by the appointment of Alex D’Amico to the role on a permanent basis effective June 1, 2020.

The release itself was framed in an unusual way, with the company expanding on the capabilities of both D’Amico as well as that of Blust, despite Blust taking on the role on an interim nature effectively as a “hold-over”. Furthermore, its not a common practice to have the outgoing CFO not assist in a transition period for the new executive.

D’Amico most recently served as VP Finance/Controller for Telaria, an NYSE-listed firm valued at $288 million that focuses on software for video content. Prior to his time at Telaria, he served as Director of Finanace and Global Controllership at Cognizant, an IT services company. D’Amico holds a BSACC degree from Rutgers University, and is both a CPA and a CGMA.

Blust, currently the firms controller and Director of Financial Reporting for Trulieve, will be overseeing the firms finance department and activities until D’Amico joins Trulieve in June. He has been with the company since September 2018.

Trulieve last traded at $13.50 on the CSE.

Information for this briefing was found via Sedar and Trulieve 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.

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