Medicine Man Technologies (SHWZ) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Nirup Krishnamurthy has resigned from his roles as a board member and CEO of the company for personal reasons, effective February 20, 2024. His departure follows the terms of a separation agreement that includes an eight-month severance and COBRA premium coverage, with no further equity claims. Forrest Hoffmaster, previously the CFO with extensive executive experience, has been appointed as the interim CEO, with a salary increase and potential bonus as per a new employment agreement. The company is actively seeking a permanent CEO and a new director to fill the vacated positions.
For further insights into SHWZ stock, check out TipRanks’ Stock Analysis page.