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  • Citation Growth (CSE:CGRO) has announced the appointment of Shane Dungey to the company’s board of directors
  • He will bring years of experience in the cannabis industry to the role
  • The appointment will take effect before the company’s 2020 AGM on April 23
  • Citation Growth (CGRO) was down 12 per cent, with shares currently trading at $0.11 

Cannabis company Citation Growth (CSE:CGRO) has announced the appointment of Shane Dungey to its board of directors. 

He is a capital markets veteran, with over 19 years’ experience in institutional asset management, institutional sales and trading, equity financings, private placements, and institutional equity research. 

He also brings a wealth of cannabis industry experience to the role, after years at AltaCorp Capital. More recently, Shane has also been the Vice President of Investor Relations at The Green Organic Dutchman (TGOD).

In his spare time, Shane Dungey sits as Vice President on the board of directors for Lupus Canada. He is also the Director of the non-profit South West Soccer Association, and non-profit organisation Play4Kids.

Citation CEO, Erik Anderson, was pleased to welcome Shane Dungey to the company’s board of directors.

“His experience in the cannabis industry goes back many years. Combined with his expertise in capital markets and institutional equity, we feel he is the perfect fit for Citation Growth. 

Soon we will turn the corner to roll out a revised strategy, focused on cash flow positive operations in Nevada and California, intermingled with exploring profitable growth opportunities in Canada and the US,” he said.

Shane Dungey spoke with enthusiasm about his new role and future at Citation.

“I am very excited to bring my experience in the capital markets and cannabis space to Citation Growth.

The new management team is on the right path to maximising opportunities as a multi-state operator in Nevada and California. I am looking forward to exploring growth opportunities throughout North America,” he said.

Citation felt the need to announce the appointment now, to clarify that it will take effect before the 2020 Annual General Meeting. The company recently confirmed that the 2020 AGM will take place on April 23 in Calgary, Alberta.

Citation Growth (CGRO) was down 12 per cent, with shares currently trading for $0.11 at 2:58pm EST.

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