Cannabis One Holdings Inc (CSE:CBIS) announced late Tuesday that a pair of vice presidents stepped into interim C-suite positions, effective immediately.
Anthony Segarra, vice president of business development, was appointed interim chief operating officer, and Theresa Mohan, vice president of finance, was named interim chief financial officer.
Its stock rose 5% to C$1.05.
Segarra will oversee the integration of the Vancouver-based company’s recently acquired Nevada brands Evergreen Organix, Fleur, and EG.O once the transaction is completed. He’ll lead the development of the company’s new Oregon facility and handle the debut of its INDVR vaporizers.
As CFO, Mohan will navigate the finances of the new acquisitions and play a major role in budgeting as the company expands its “Best-of-Breed” brands.
"CBIS is excited to announce the transition of Mr. Segarra and Ms. Mohan into their expanded roles within the Cannabis One organization." Mr. Mascio continued, "These new appointments are in recognition of each individual's considerable achievement and a testament to their respective contributions to the success of Cannabis One thus far."
The outgoing interim CFO Ryan Atkins resigned and has been named general counsel for the company. COO was an open position, so Mohan isn't directly replacing anyone.
Cannabis One is focused on developing popular cannabis brands in Canada and the US. Its portfolio, the House of Brands, is building a North American footprint.
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