General Cannabis Commences CEO Transition Plan Following Retirement Announcement of CEO
DENVER, Jan. 07, 2019 (GLOBE NEWSWIRE) -- General
Cannabis Corp. (CANN), the comprehensive
resource for the highest quality service providers available to the
regulated cannabis industry, has announced the retirement of its
CEO Robert Frichtel. He will remain a member of the Board of
Directors. The Board of Directors has engaged an executive search
firm to find his replacement. Michael Feinsod, the Chairman of
General Cannabis since 2014, will be the interim CEO.
“It has been a really exciting run for General Cannabis and I believe I leave the company in a tremendous position to take advantage of so many opportunities that this fast growing industry is providing,†said Frichtel. “It is time for me to pass the baton off to another executive that can take the company to the next level and many above that. I will remain on the Board and look forward to contributing my years of experience and knowledge to the next generation of leadership.â€
“We want to thank Robert Frichtel for all his years dedicated to building this company,†said Michael Feinsod, Chairman of General Cannabis. “Robert has been a trusted colleague and friend and we are glad that he will remain on the Board and still remain a contributing resource to the company. Robert has been an invaluable part of General Cannabis during his tenure. He has enhanced the organization at every level, adding key leadership talent, investing in infrastructure and navigating new growth opportunities within the cannabis industry.â€
“We are focused on creating shareholder value by ensuring our employees are empowered and equipped to win customers in a rapidly evolving landscape. We have embarked on a search for a new CEO that will help build off the foundation we’ve already created. General Cannabis has positioned itself for significant expansion across all of our divisions and to also expand our portfolio into other subsidiary verticals,†said Feinsod.
About General Cannabis
Corp.
General Cannabis Corp. is the comprehensive national resource for
the highest-quality service providers available to the regulated
cannabis industry. We are a trusted partner to the cultivation,
production and retail sides of the cannabis business. We do this
through a combination of strong operating divisions such as
security, marketing, operational consulting and products, real
estate and financing. As a synergistic holding company, our
divisions are able to leverage the strengths of each other, as well
as a larger balance sheet, to succeed. Our website address is
www.generalcann.com.
Forward-looking Statements
This release contains forward-looking statements that relate to
future events or General Cannabis’ future performance or financial
condition. Such statements include statements regarding our ability
to take advantage of opportunities in our fast growing industry;
our positioning for significant expansion across all of our
divisions and our positioning to expand our portfolio into other
subsidiary verticals; our focus on creating shareholder value; and
our search for a new Chief Executive Officer. Any statements that
are not statements of historical fact, such as the statements above
and including statements containing the words “plans,â€
“anticipates,†“expects†and similar expressions, should also be
considered to be forward-looking statements. These forward-looking
statements are not guarantees of future performance, condition or
results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as result of a number of factors, including those
described from time to time in General Cannabis’ filings with the
Securities and Exchange Commission. General Cannabis undertakes no
duty to update any forward-looking statements made herein.
Contact
Michael Feinsod
General Cannabis Corp
(303)759-1300
