- CannaOne (CNNA) has appointed Robert Yu as Senior Corporate Finance Executive of its Strategic Advisory Board
- CannaOne plans to add more industry experts to the Strategic Advisory Board
- The appointment indicates a corporate shift for CannaOne that includes plans to change the company’s name to Lynx Global Digital Finance
- Other areas of growth include expanding CannaOne’s online client portfolio, integrating PCI certified payment solutions, and targeting banking relationships outside of North America
- CannaOne focuses on the development and deployment of its proprietary online marketplace platform
- CannaOne (CNNA) is trading at C$0.93 per share, as of 9:54 am ET
CannaOne (CNNA) has appointed Robert Yu as Senior Corporate Finance Executive of its Strategic Advisory Board.
Robert brings a depth of insight and expertise from the global financial sector to the CannaOne organization. He comes from a Manila-based private equity firm, where he is a principal.
In his current position, Robert Yu invests in companies and entities that have potential as leaders in their sectors, partnering with them to deliver change through strategy development, improved governance and operational improvements.
Mike Penner, President and CEO of CannaOne, addressed the appointment, commenting,
“As we look to our future growth trajectory, it is critical that our company receive timely insight and guidance from industry experts familiar not only with the digital financial services sector at large, but with the geography, demography and business culture of the regions that we look to operate and expand our network infrastructure and service footprint.”
CannaOne also plans to change its company name.
Subject to all necessary approvals, including the approval of the CSE, the company intends to change its name to Lynx Global Digital Finance. Further details will be announced when available.
“We are really developing a deep bench as far as management talent – and I am very optimistic about what the future will bring. To be able to attract talent like Mr. Yu is also a great sign of things to come,” said Mr. Penner about the future of the company.
Mr. Yu’s transaction experience and long-term standing in the Asian market positions him to identify more investment and acquisition opportunities for CannaOne.
Since its inception, CannaOne has focused on the development and deployment of its proprietary online marketplace platform.
The company has worked closely with payment technology providers in Southeast Asia since March 2017.
CannaOne (CNNA) is trading at C$0.93 per share, as of 9:54 am ET.
