What happened?....
Well, this legend got CANN into this position:
Then he jumped overboard before anyone realised the sails were on fire so to speak.
Current CEO certainly thinks CANN is an untenable titanic cluster and has rightly managed to get a loan extension beyond his own bail out.
Background check - MCIA Board (https://mcia.org.au/mcia-board-member-representatives/) as it says today includes:
Peter Koetsier - Chief Executive Officer of Cann Group Limited.Peter Crock - Former CEO of Cann Group (ASX: CAN) - completed subsequent capital raisings totalling more than AUD$150m and left whilst the company was in debt despite this amazing amount of money raised and spent.
Joanne Patterson (CEO BOD Limited https://hotcopper.com.au/asx/bod/)
Patty Holmes (ex Althea)
Russell Harding (Aurora nee MedReleaf)
Carol Ireland (EAA)
I think the big concern for the CANN Board is the lack of disclosure and the 18 point letter from the ASX, which opens the door legal considerations by shareholders and authorities.
Ann: Response to ASX Query, page-20
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