Jushi Holdings (CSE: JUSH) has seen its chief financial officer leave the company in search of greener pastures. The CFO, Ed Kramer, has left the company after less than a year on the job with the multi state operator.
What’s more, is there appears to be some discontent with his departure. Jushi indicated that Kramer has left the firm for a role at a competing multi-state operator, which goes against a non-compete clause previously signed by Kramer. Specifically, the non-compete states he cannot work for a competitor for a period of 12 months following his departure from Jushi.
While not stating directly what company Kramer is to work for, Jushi commented that it “takes such post-employment obligations seriously and will take steps to enforce its contractual rights.” The firm evidently is looking to enforce the non-compete it previously signed.
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Kramer’s departure is effective as of July 12. He was originally appointed to the role October 18, 2021.
“I am confident that the team we have assembled, with the support of senior leadership, will provide continuity as we recruit a new Chief Financial Officer with the qualifications to support our expansion initiatives and complete the securities registration process in the U.S.,” commented CEO Jim Cacioppo.
Taking on the role of CFO in the interim is Jon Barack, a founder of the company.
Jushi Holdings last traded at $2.16 on the CSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
