Swift and Substantial Action. Aphria Inc. Teaches Us How to Handle a Troubled Situation
Troubled situations require swift and substantial action, which is the focus of the first three rules of the Sinclair Range turnaround methodology.
Troubled situations require swift and substantial action, which is the focus of the first three rules of the Sinclair Range turnaround methodology.
Should an Independent Director of CannTrust have known about an illegal grow of cannabis in five rooms of the company’s primary asset? According to their Interim CEO, who was an Independent Director at the time of the illegal grow, the answer is No.
CannTrust Holdings (TSX: TRST; NYSE: CTST), a Canadian licensed cannabis producer, has lost over $600 million of market value in the last sixty days. In doing so, it has provided us with an excellent case study on what not to do in a crisis or turnaround.
For the bank, troubled situations always boils down to deciding whether to support the borrower and its turnaround plan, or not.
We are pleased to announce the launch of Setilla Inc., the first CBD focused company started by women and dedicated exclusively to women’s health with its line of research supported, natural CBD based wellness products.