Followers | 13 |
Posts | 1563 |
Boards Moderated | 0 |
Alias Born | 06/14/2018 |
Sunday, May 03, 2020 2:30:04 AM
Strategic Review Initiated
Financial Results Filed
Toronto, Ontario--(Newsfile Corp. - April 29, 2020) - Mojave Jane (CSE: JANE) (OTCQB: HHPHF) (FSE: OHCN) today announced that, effective immediately, Mr. Cam Birge, current Chairman of the Board, will replace Gary Latham as CEO on an interim basis. Mr. Latham has also resigned from the Company's Board of Directors. The Company also announced it has filed its financial results for the quarter ended February 29, 2020 on SEDAR. Additionally, the Mojave Jane Board of Directors announced it is initiating a strategic review.
Chairman of the Board and Interim CEO Cam Birge comments:
"We have come to a point where the Company is faced with a number of critical decisions. The extreme correction in the cannabis sector followed by the impact from the COVID-19 pandemic has made obtaining the financing required to execute on various initiatives impossible. Consequently, there have been drastic changes to the way the Company is run, as well as the need to suspend or terminate certain initiatives such as the intended acquisition of Pacific Crest 4 (Adelanto), in order to preserve shareholder value and continue as a going concern. We are currently holding a strategic review of our assets and liabilities, and are developing our go forward plan. The success of this plan is dependent upon successful negotiations with previous partners and creditors, which are underway. At this point, no guarantees can be made as to the outcome of this process."
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM