CEO Gives Up After 8 Weeks At Struggling Canadian Cannabis Producer, Beleave Saying “I Don’t Believe”

 

Jeanette VanderMarel announced her departure as CEO of Canadian cannabis producer Beleave after fewer than two months on the job. Reports Marijuana Biz Daily

VanderMarel disclosed her resignation on social media, saying she “happily resigned as CEO of Beleave Kannabis” and that she was “moving on to things I believe in.”

Beleave reported cash holdings of just 133,000 Canadian dollars ($101,000) at the end of the quarter ending Sept. 30.

A recent deal to sell its 250,000-square-foot greenhouse in London, Ontario, fell through the same month, according to a Nov. 29 regulatory filing.

The company is reviewing its options with respect to the facility, including leasing or selling the property.

Beleave originally bought the greenhouse and corresponding land for CA$6.7 million just over one year ago.

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