Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF) beefed up its executive team Friday as two members of the board of directors were appointed to new positions.
Joshua Mann was tapped to be the company’s president, and Christopher Fenn will serve as chairman of the board. The two men have each served on the company’s board since it went public in March.
Prior to their work with Cannabis One, Mann and Fenn co-founded and served as general partners of Wildhorse Capital Partners Inc, a merchant bank and capital markets advisory firm based in Calgary.
Before Wildhorse, Mann was vice president of the Canadian oil and gas company that is now Pipestone Energy Corp, where he helped raise $160 million in equity financing. He also currently sits on the advisory board of Rocky Mountain Extracts Corp, an Alberta-based cannabinoid extraction company.
Fenn previously worked as senior vice president of business development at Gabriella’s Kitchen, a public cannabis wellness company in the US and Canada and as managing director at Oliver Capital Partners Inc, a North American merchant bank. He also serves on several private company boards.
“We are very excited to have Josh and Chris, who have been working closely with the Company for over two years now and have sat on our board of directors since we went public earlier this year, take on much more active roles with the company,” CEO Jeffery Mascio said.
“Josh brings a wealth of capital markets knowledge and experience and will be instrumental in assisting the Company with its future financing needs, while Chris brings his business acumen and insight to help the Company operate at a higher and more efficient level.”
Cannabis One Holdings is building a “House of Brands” in North America, led by its flagship dispensary brand, The Joint, located in Denver.
The company's stock slipped 7.6% to C$0.43 on the CSE and 9.4% to US$0.33 on Friday afternoon.
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