Calgary, Alberta-based cannabis firm High Tide and Chief Financial Officer Rahim Kanji have mutually agreed to part ways.
Kanji’s departure is effective Feb. 28, according to a news release.
ADVERTISEMENT
High Tide is appointing Sergio Patino as interim CFO, effective Feb. 28.
Patino joined the Canadian company last year as a financial consultant.
The marijuana and CBD retailer also said it refiled its audited financial statements for the fiscal years 2021 and 2022 after uncovering a series of errors.
The company said it does not consider the errors to be material but refilled the documents in the interest of full disclosure.
For instance, High Tide cited “typing errors” for erroneously reporting total assets in its retail segment.
High Tide corrected the figure to read “$241,394,” in thousands of Canadian dollars, as of Oct. 31, 2022.
Some other errors erroneously disclosed forecasted growth of revenue for several of
Read full article on Marijuana Business Daily
