Business
YourWay Cannabis Brands Provides Corporate Update
YourWay Cannabis Brands Provides Corporate Update.
About this update from Yourway Cannabis Brands Inc.
[{"type":"text","content":"\n\n\n\nYourWay Cannabis Brands Provides Corporate Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nYourWay Cannabis Brands Provides Corporate Update\nCanada NewsWire\nVANCOUVER, BC, Sept. 12, 2022\n\n\n\nVANCOUVER, BC, Sept. 12, 2022 /CNW/ - YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) (FSE: HOB) (\"YourWay\" or the \"Company\") announces today that Jacob Cohen has resigned as Chief Executive Officer of YourWay effective immediately. Mr. Cohen will continue to serve as President of Arizona Operations and as a director on the Company's board of directors (the \"Board\").\n\n \n \n \n \n \n \n\n \nThe Company's Executive Chairman, Jakob Ripshtein, will assume the position of Acting Chief Executive Officer, effective immediately. Mr. Ripshtein was appointed as Chairman of the Board in 2021 and as Executive Chairman earlier this year. He previously served as the President of Aphria Inc., which was acquired by Tilray Brands Inc., where he was responsible for corporate strategy, marketing, and sales. Mr. Ripshtein holds a Bachelor of Business Administration from York University, as well as a CPA and International Tax designation. Mr. Ripshtein is currently CEO of Perennial Brands Inc., a full life-cycle brand strategy organization.\nIn addition, the Board resolved to demand repayment of all amounts advanced to Ionic Brands Corp. (\"Ionic\") pursuant to a demand promissory note dated May 20, 2022. YourWay has provided notice to Ionic of its demand for repayment. \nYourWay continues to work diligently to finalize the Company's audited annual financial statements for the year ended December 31, 2021 and the related management's discussion and analysis (the \"Annual Filings\") as well as the Company's unaudited interim financial statements for the three months ended March 31, 2022 and the related management's discussion and analysis (the \"Interim Filings\"). Once the Annual Filings and Interim Filings are completed, the Company will apply to have the British Columbia Securities Commission and the Ontario Securities Commission (on behalf of the appli...