DENVER, Jan. 07, 2019 (GLOBE NEWSWIRE) — Basic Cannabis Corp. (OTCQX:CANN), the extensive resource for the highest excellent service providers accessible to the regulated cannabis business, has announced the retirement of its CEO Robert Frichtel. He will stay a member of the Board of Directors. The Board of Directors has engaged an executive search firm to obtain his replacement. Michael Feinsod, the Chairman of Basic Cannabis given that 2014, will be the interim CEO.
“It has been a definitely fascinating run for Basic Cannabis and I think I leave the enterprise in a tremendous position to take benefit of so several possibilities that this quick increasing business is giving,” mentioned Frichtel. “It is time for me to pass the baton off to a further executive that can take the enterprise to the subsequent level and several above that. I will stay on the Board and appear forward to contributing my years of expertise and understanding to the subsequent generation of leadership.”
“We want to thank Robert Frichtel for all his years devoted to creating this enterprise,” mentioned Michael Feinsod, Chairman of Basic Cannabis. “Robert has been a trusted colleague and pal and we are glad that he will stay on the Board and nonetheless stay a contributing resource to the enterprise. Robert has been an invaluable component of Basic Cannabis through his tenure. He has enhanced the organization at each and every level, adding essential leadership talent, investing in infrastructure and navigating new development possibilities inside the cannabis business.”
“We are focused on making shareholder worth by guaranteeing our staff are empowered and equipped to win consumers in a swiftly evolving landscape. We have embarked on a search for a new CEO that will enable create off the foundation we’ve currently developed. Basic Cannabis has positioned itself for substantial expansion across all of our divisions and to also expand our portfolio into other subsidiary verticals,” mentioned Feinsod.
About Basic Cannabis Corp.
Basic Cannabis Corp. is the extensive national resource for the highest-excellent service providers accessible to the regulated cannabis business. We are a trusted companion to the cultivation, production and retail sides of the cannabis small business. We do this via a mixture of robust operating divisions such as safety, promoting, operational consulting and goods, true estate and financing. As a synergistic holding enterprise, our divisions are capable to leverage the strengths of every single other, as effectively as a bigger balance sheet, to succeed. Our web page address is www.generalcann.com.
This release consists of forward-seeking statements that relate to future events or Basic Cannabis’ future overall performance or economic situation. Such statements involve statements concerning our capability to take benefit of possibilities in our quick increasing business our positioning for substantial expansion across all of our divisions and our positioning to expand our portfolio into other subsidiary verticals our concentrate on making shareholder worth and our search for a new Chief Executive Officer. Any statements that are not statements of historical truth, such as the statements above and such as statements containing the words “plans,” “anticipates,” “expects” and comparable expressions, need to also be thought of to be forward-seeking statements. These forward-seeking statements are not guarantees of future overall performance, situation or outcomes and involve a quantity of dangers and uncertainties. Actual outcomes may well differ materially from these in the forward-seeking statements as outcome of a quantity of variables, such as these described from time to time in Basic Cannabis’ filings with the Securities and Exchange Commission. Basic Cannabis undertakes no duty to update any forward-seeking statements created herein.
Basic Cannabis Corp