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Be the first with the news that moves the market- WeedMD (WMD) has appointed entrepreneur and former Dragons’ Den judge Bruce Croxton to its board of directors
- Initally founding the dating site Lavalife, Bruce has since acted as investor and advisor in growth stage companies in the technology sector
- Making well for Bruce on the board, Michael Pesner will end his tenure as director and chair of the company’s audit committee
- Bruce’s appointment follows a difficult year for WeedMD’s share price, which has fallen more than 80 per cent since March, 2019
- WeedMD (WMD) remains unchanged and is trading at C$0.38 per share
WeedMD (WMD) has appointed entrepreneur and former Dragons’ Den judge Bruce Croxton to its board of directors.
Initally founding the dating site Lavalife, Bruce has since acted as investor and advisor in growth stage companies in the technology sector. He also heads Round13 which invests in Canadain technology companies.
Bruce’s appointment was finalised at the company’s annual general meeting, which was held virtually on July 24.
George Scorsis, Executive Chairman of WeedMD, said Bruce was a well-respected entrepreneur with an extensive track record for innovating and building successful high-performing businesses and teams.
“We’re excited to have him on the Board and look forward to his counsel and sharp business acumen as we drive brand and product awareness towards rapid growth in all our markets,” he said.
Commenting on his appointment, Bruce said he was looking forward to working with a cannabis company that is considered a gem in the industry.
“With its unparalleled cultivation platform, distribution channels and talented leadership team, I’m thrilled to be mentoring the team during what is expected to be a period of exponential growth as the Company moves towards profitability and expansion,” Bruce added.
Making well for Bruce on the board, Michael Pesner is ending his tenure as director and chair of the company’s audit committee.
Bruce’s appointment follows a difficult year for WeedMD’s share price. Since March of last year the company’s CSE-listed shares have been trending down, dropping more than 80 per cent in the space of 12 months.
While the recent downturn has levelled out in recent months, the company’s stocks have yet to commence a sustained recovery.
WeedMD (WMD) remains unchanged and is trading at C$0.38 per share at 12:13pm EDT.
