Following two years of major the company’s economic group, former Chief Monetary Officer Ian Abramowitz of CannTrust Holdings (TSX: TRST) has departed that part and will now move into a new position as Senior VP of International Investments and Partnerships.
CannTrust went with an outdoors employ to replace Abramowitz, appointing Greg Guyatt to grow to be the new CFO beginning subsequent week.
Guyatt was recruited from his existing position as Chief Monetary Officer of GreenSpace Brands Inc. (TSXV: JTR) and has previously worked with Sears Canada.
CannTrust CEO Peter Aceto commented on the management shakeup and new hiring:
“We are incredibly pleased to have Greg join CannTrust and deepen the executive leadership group as we appear towards our listing on the NYSE.”
In certain, CannTrust is seeking to Guyatt for leadership due to his knowledge in public offerings on dual-listed corporations who trade shares on exchanges in a number of nations.
Aceto also had this to say about Abramowitz shifting concentrate more than to the International Investments division:
Organizations about the planet appear to CannTrust for knowledge in cannabis. With Ian’s concentrate on international small business improvement possibilities, we count on to additional accelerate our development with like-minded partners.
CannTrust officially filed to list on the New York Stock Exchange final month, following in the footsteps of other Canadian cannabis corporations trading on the US-primarily based exchange such as Aphria and Aurora.
Following submitting that application, CannTrust furthermore moved forward with a new phase of building expansion in Pelham, Ontario. The organization received the needed permits from the nearby Pelham government for a 390,000 sq. ft. cultivation facility at the finish of January.
This phase of the expansion project is projected to be completed in Q3 2020, with a 1st harvest from the newly completed rooms to arrive in the second half of that year.
In other current news, CannTrust managed to obtain recognition with quite a few wins at the Canadian Cannabis Awards in December, taking house titles in the prime higher CBD oil, prime sativa flower, prime hybrid flower, and even licensed producer of the year categories.