Bierman Given Heave Ho At Med Men, Shares Jump 13% On The News
All the media appearances and assurances have come to nought for Bierman. He will remain on the Board but as this CNN report confirms he’ll be essentially stripped of his power at the company now he’s no longer the CEO. “In our view, Bierman rightfully deserves credit for building MMEN into the most recognizable retail brand in US cannabis, however, questions over his leadership approach and financial responsibility have been main concerns by investors,” Market analyst Pytlak wrote in a note to investors.”We therefore think that his departure will allow the company a fresh start with investors. CNN Business are…
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Source : CANNANNEW REPORT
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