Fro april this year.23 Aug 2020 20:32
Cannabidiol products company Zoetic International said chief executive Nick Tulloch and chairman Paul Mendell had both resigned following a strategy overhaul.
Chief strategy officer Trevor Taylor and chief revenue officer Antonio Russo had been appointed as co-CEOs.
Zoetic International said Tulloch would continue to partner with the company by leading a new joint venture in the UK.
Its core cannabidiol operations, however, would be focused on Colorado, primarily the distribution of Chill branded products.
The company reaffirmed a plan to exit the natural resources business, with asset sale discussions 'well advanced'.
Zoetic also announced that its applications for over $290k of Covid-19 loans had been approved.
'Trevor Taylor and Antonio Russo have been able, in a few short months, to create well-received Chill branded product lines,' the company said.
'Their ability to quickly secure major distribution contracts for the brand has given the company great hope for further success.'
I like the last two paragraphs :0)
BB