logo-loader
viewWeedMD Inc

WeedMD brings on board award-winning finance executive Lincoln Greenridge as new CFO

Greenridge was named Top Professional in Finance, awarded by the International Association of Top Professionals in 2016

WeedMD Inc -
WeedMD is a federally-licensed producer of cannabis products for both the medical and adult-use markets

WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) announced Thursday it is bringing on board Lincoln Greenridge as the medical cannabis company’s new finance chief.

Greenridge recently served as CFO at LSC Lithium Corporation, where he helped manage the company’s sale for C$110 million.

An award-winning finance professional, Greenridge was named Top Professional in Finance, awarded by the International Association of Top Professionals in 2016. He has authored multiple published articles on the principles of accounting and the fundamentals of successful organizations.

READ: WeedMD CEO says company focused on profitability after Starseed acquisition

“We are pleased to welcome Lincoln to our leadership team,” Angelo Tsebelis, WeedMD’s CEO said in a statement accompanying the news.

“His experience will be essential to leading our financial organization, supporting the integration of WeedMD’s recent acquisition of Starseed and the continued commercialization of our cultivation platform.”

Greenridge succeeds Nichola Thompson, who will be resigning her post at the end of April.

 “I also want to thank Nichola Thompson for her service as our CFO,” Tsebelis said.

“During the past two years, she has made a number of lasting contributions to our organization’s success. We wish her the best in her future endeavours and thank her for assisting us through this transition.”

“I am excited to join WeedMD and to lead its finance organization during such an exciting period for the company,” Greenridge told shareholders in the release.

“I look forward to contributing to WeedMD’s future success as the company continues to expand its distribution channels and execute on its commercialization plans.”

Shares of WeedMD jumped 20.5% in Toronto at C$0.44 and 24.8% over the counter at US$0.38.

--Updates share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: WeedMD Inc

Price: 0.395 CAD

TSX-V:WMD
Market: TSX-V
Market Cap: $82.78 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of WeedMD Inc named herein, including the promotion by the Company of WeedMD Inc in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buds & Duds: Cannabis stocks off to slow start to the holidays; WeedMD rises...

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, fell 1.8% to settle at 115.4 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF lost 2.1% at C$8.99, while the OTCQX Cannabis dropped 2.3% at 444.7 points. Buds today are WeedMD Inc...

on 2/12/19

2 min read