The CEO of Trulieve Cannabis Corp. TRUL TCNNF, Ryan Blust, has been appointed to be the company's interim chief financial officer, as CFO Tim Mullany departs after just 10 days. As a result, Mullany resigned within 10 days of starting, stating his personal reasons for departing the position. He has over 20 years of experience in accounting and finance, including previous CFO roles at publicly traded companies Jack in the Box Inc. and RAVE Restaurant Group.
Trulieve has announced plans to close a marijuana retail location in Grover Beach, California, as part of its effort to save money and improve financial performance.
The Florida-based company said it will wind down its operations in Massachusetts by the end of June, including closing retail shops in Framingham, Northampton and Worcester. By the end of the year 2023, Trulieve expects to shut down operations in the Bay State.
Florida AG Goes After Trulieve's CEO As She Lays out Opposition to Marijuana Legalization Ballot Measure.
This is the second senior executive of Trulieve to resign in less than a month, following the company s previous CFO, Alex D Amico, resigned in June. Amico accepted a CFO position at CytoSorbents Corp, a New Jersey-based company that is based in the R&D and commercialization of medical devices and proprietary polymer adsorption technology.
Trulieve retains the expertise of an executive recruitment firm to begin a search for a new chief financial officer.
Trulieve Seeks to Reclaim Debt, enters a multi-Million Dollar legal battle with Ohio Dispensaries.
Kim Rivers, the CEO of Trulieve, is a keynote speaker at the Benzinga Cannabis Capital Conference in Chicago on Sept 27 - 28.