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LORD JONES CEO IS OUT AFTER BIG ACQUISITION

Robert Rosenheck, CEO of CBD brand Lord Jones ????is out, less than a year after it was acquired by Altria-backed Canadian Player Cronos Group for $300M, roughly 100x Lord Jones’ 2018 revenue.
Barron’s

  • “To some…[his departure] was representative of a larger industry trend in Canada—the largest of the country’s licensed producers have been reconfiguring their businesses, including laying off hundreds of people as the promise of legalization has failed to match the reality of the market.”

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