General Cannabis Corp (OTCMKTS:CANN) is expanding the footprint on the East Coast by opening an office in New York to capitalize on the growing legalized cannabis in the US. The office in New York serves as a strategic location for the company to meet the needs of existing clients on the East Coast. It also helps to establish new alliances, attract new talent and continue the expansion in the eastern US.
Executive Chairman (Board) of General Cannabis, Michael Feinsod said it is time for the company to make considerable investments and establish its presence in the region. It helps to capitalize on the growing trend as states like New Jersey and Massachusetts have favored the sale of cannabis for adult use. He further said the region offers immense potential for cannabis growth.
General Cannabis is pursuing expansion plans aggressively by strengthening marketing, security, and operations on the East Coast. New York Office will serve as the basis for strengthening its footprint and indulge in acquisitions and mergers. Chief Executive Officer of General Cannabis, Robert Frichtel said the company is well positioned to serve the existing and new license participants on the East Coast utilizing the experience it gained in Colorado and California. The market for adult use cannabis is growing at a fast pace in New England.
General Cannabis Corp Announces Appointment of Brett Wendt as General Counsel and Vice President
General Cannabis Corp has appointed Brett Wendt as a General Counsel and Vice President. His earlier stint was at National Employment Group as a lead member supporting Kutak Rock, LLP. Wendt represented a lot of regional and national clients relating to the employment law and business while working at Kutak Rock. He will strive to support the growth of General Cannabis Corp while ensuring regulatory compliance. Wendt will also play a vital role in expansions and acquisitions.
General Cannabis Corp Reports Robust Q2 Results
General Cannabis Corp has announced excellent Q2 results in 2018. The company has posted revenues of $1.11 million (up 34%) in Q2, 2018. The operations segment is finding more opportunities as many states are allowing legal use of Cannabis.