Supreme Cannabis announced its CEO Navdeep Dhaliwal was leaving effective immediately, as Colin Moore, president of Starbucks Canada from 2002-2011 became interim CEO. The press release did not thank Dhaliwal for his service.
Newswire, MJ Biz Daily, The Deep Dive
The company says it’s undergoing an executive search to replace Dhaliwal, who rose from Supreme president to CEO in September of 2018 (at the same time as founder and CEO John Fowler took over as president).
- The move shores up Supreme’s intent to focus on delivering cannabis as a consumer packaged good (CPG), as Moore’s Starbucks experience positions him to help the company better determine what Canadian consumers want to buy.
- Dhaliwal will remain a member of the board of directors, though (as the Globe‘s Jameson Berkow pointed out, there was no mention of this in “the announcement of his unexpected – and immediate – departure as CEO.”