viewWeedMD Inc

WeedMD appoints former Deloitte partner Lu Cacioppo to its board of directors

Cacioppo, who has more than 30 years in finance, also will chair the company's audit committee

WeedMD Inc - WeedMD appoints former Deloitte partner Lu Cacioppo to its board of directors and as chair of its audit committee
The Toronto-based company says Cacioppo joins the board as an independent director

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF), a producer and distributor of medical-grade cannabis, has appointed veteran finance executive Lu Cacioppo to its board of directors and as a chair of its audit committee.

In a statement Monday, the Toronto-based company said Cacioppo joins the board as an independent director and is a nominee of 2437653 Ontario Inc, pursuant to the Nomination Rights and Voting Agreement dated December 20, 2019.

“WeedMD is steadily executing its business plan with a focused approach and we are thrilled to welcome Lu as an independent director and chair of our Audit Committee,” said George Scorsis, executive chairman of WeedMD. 

READ: WeedMD posts C$5.9M in 2Q revenue as it sharpens focus on higher margin, direct-to-consumer model

“Lu is a highly-regarded business and community leader that brings more than 30 years of valuable experience and insight in finance, capital markets, and corporate governance. As a former Deloitte partner, Lu’s solid industry reputation and sharp business acumen comes at a timely juncture as we accelerate our profitability goals and ready the company for long-term growth.”

Cacioppo added: “As a long-time observer of the cannabis industry, I’ve admired companies that can operate with a disciplined, customer-centric approach while balancing growth with fiscal rigor. WeedMD has all the necessary fundamentals in place to accelerate revenue growth and move towards profitability.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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