CannLabs Cans President and Founder Genifer Murray
Genifer Murray, founder and President of CannLabs and a pioneer in Colorado’s cannabis industry, has been forced out of the company, which had previously described her as a “well-respected voice and advocate for safety and best practices in the marijuana industry .” CannLabs, which began trading in 2014 on the OTC with the symbol “CANL” following a reverse-merger, traded earlier this week to an all-time low of $0.30 per share.
An SEC filing after the close on Friday, October 2nd, revealed that she was fired for cause. The filing also revealed that Mark Mirken, its former CEO, is now CEO again, though the company never had properly disclosed this return. Mirken is listed on the company’s website as “Vice Chairman”.
According to the company’s filing:
On September 4, 2015, the Board of Directors (the “Board”) of CannLabs, Inc. (the “Company”) terminated the employment agreement of Genifer Murray “For Cause” as such term is...
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