General Cannabis Corp (OTCMKTS:CANN) has announced that Duncan Levin has been elected to the company’s board of directors. Mr. Levin is currently the managing partner of Tucker Levin, PLLC and is also a former federal prosecutor. Added to this, he is an expert in the legal aspects of anti-money laundering, anti-fraud and internal investigations. However, more recently he has been working as a consultant for businesses facing anti-fraud, regulatory issues and other complex challenges.
Robert Frichtel, the CEO of CANN, stated that the new director’s background and expertise would help elevate the company, to a whole new level of professionalism. He further went on to state that Mr. Levin’s unique perspective on legal matters would help General Cannabis in moving through uncharted territory. Mr. Frichtel also voiced his optimism by stating that the new director could help General Cannabis in becoming a premier consultant in this field.
Commenting on his appointment, Mr. Levin claimed that General Cannabis is destined to become a leader in the industry and it was a delight to join the board at a time of immense growth. He also stated that the cannabis industry was one of the fastest growing industries in the country and with the wide array of support services offered by General Cannabis, it could very well become a leader in the field. Mr. Levin’s appointment comes soon after the company attended the Marijuana Business Conference & Expo, in Las Vegas.
CANN attended the event on November 16-18, where it got the opportunity to meet investors and other business leaders from the industry. It should be noted here that this conference is considered to be one of the premier marijuana conferences of the year. The event was attended by almost the entire management of the company. Moreover, General Cannabis also hosted an after party on November 16, in honor of the legalization of marijuana in several states.
General Cannabis Corp (OTCMKTS:CANN) lost 11.01% of its share value, during the November 22 trading session, to reach a close at $3.07 per share. The stock had a trade volume of 557,331, during the session.