As usual the release is as vanilla as you can get and simply says
NEW YORK and TORONTO, Aug. 4, 2020 /PRNewswire/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, announces the resignation of Elizabeth Stavola, founder of MPX and CBD for Life, as Chief Strategy Officer and as a director of the Company, effective immediately.
The word “immediately” rings alarm bells for us.
Forbes have spoken to her and report the following
The company issued a tersely worded announcement about the separation late Tuesday night. Interim CEO Randy Maslow, reached by telephone, declined to comment.
In an exclusive interview with Forbes, Stavola says she was frustrated by a role that ended up being much less hands-on than she intended when she joined first the company. She stayed on as iAnthus navigated rocky financial times in recent months including the ouster of its CEO in an ethics investigation, mounting debts, the threat of multiple class action lawsuits and a suspension of trading of its stock on the Canadian Securities Exchange. As the second-largest shareholder, she still has a vested interest in the future of iAnthus but explained, she feels it is time to start fresh and return to her entrepreneurial roots.
“I really miss being in the weeds, no pun intended. I miss rolling up my sleeves up and building a business and I miss that part of it,” she said, hinting that she was already entertaining new business prospects, “I am not gone from cannabis. I have got like ten ideas in my head right now.”
What next for i Anthus as it looks as though she is the only one who could steer the ship?