Medical Marijuana (MJNA) Stock is Lower After Naming New Chief Executive Officer

What’s going on with MJNA?

Medical Marijuana, Inc. (MJNA) inventory fell right now after the worldwide hashish firm introduced that it has appointed Blake Schroeder as Chairman of the Board and named him as Chief Govt Officer and President of the Firm. Mr. Schroeder will exchange Dr. Stuart Titus in these roles, who has resigned from these positions to be able to transfer in direction of “semi-retirement.” Dr. Titus will proceed to serve Medical Marijuana in a consulting position as an unique spokesperson, a product professional, and hashish educator underneath a multi-year contract.

What does this imply for Medical Marijuana, Inc.?

Dr Titus’ resignation is a large blow to the corporate as a consequence of his wealth of expertise within the business, nevertheless his consulting position means he’ll nonetheless be capable to take a hand in resolution making. Titus’ substitute, Blake Schroder, has a powerful monitor report that features worldwide market growth, monetary efficiency administration, product growth, rebranding efforts, and operational growth throughout his time with MJNA.

“I’m very happy to see the Board of Administrators choose Blake for his new positions as I transfer in direction of semi-retirement,” said former Chairman and CEO Dr. Titus. “Blake has been the group chief over the Firm’s complete operations and chargeable for fostering the re-emergence and progress of our firm since approaching board with us in March 2016. The Firm is in excellent palms with him on the helm.”

Medical Marijuana acknowledged that Dr. Titus’ resignation from his Board and officer positions was not the results of any disagreement with the corporate.

Medical Marijuana Inc is engaged within the growth, sale, and distribution of hemp oil that incorporates naturally occurring cannabinoids, together with cannabidiol and different merchandise containing CBD-rich hemp oil. The corporate’s merchandise are utilized by pharmaceutical, nutraceutical, and cosmeceutical industries. A few of its merchandise are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp meals amongst others.