Flora Growth Corp. announced that its board of directors accepted the resignation of Luis Merchan as Chairman of the Board and the company’s Chief Executive Officer. To fill the vacancies created by Mr. Merchan’s resignation, the Board has appointed JustCBD founder, Hussein Rakine, as CEO and member of the board of directors. Of the appointment, former-Chairman and CEO, Luis Merchan said, "At Flora we have consistently placed human capital as a critical part of our M&A strategy. That’s why today we are honored to have the former founder of a company we acquired last year join the Board and be named as CEO. I believe Hussein’s appointment will ensure continued growth within the Company." "I am enthusiastic about collaborating with our board of directors, executive team, and all stakeholders to bring Flora’s business plan to fruition," said Hussein Rakine. "In a nascent industry such as ours, it’s critical to stay nimble- and that is what I intend to do as I lead Flora into the next phase of growth. I would like to express our sincere appreciation to Luis for his unwavering commitment and dedication to the Company during his tenure. We wish him all the best in his future endeavors."
Published first on TheFly
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