Cannabis packaging company Kush Supply Co (OTCQB:KSHB), formerly known as Kush Bottles, has appointed a new chief financial officer.
Christopher Tedford, a Certified Public Accountant and a merger and acquisition veteran, will fill the role starting November 26.
Tedford will be tasked with accounting, financial reporting, treasury management, strategic financial planning, risk management as well as deal analysis and negotiations.
“Chris’s dynamic experience in financial and risk management, along with his proven leadership skills, will provide stability to the Company as we scale our operations to meet the demands of the rapidly expanding cannabis market,” said CEO Nick Kovacevich in the company’s press release.
He will take the reins as the company looks to establish Sarbanes-Oxley Act compliance.
Also known as Corporate Responsibility Act of 2002, the legislation calls for strict reform to financial reports to protect investors from accounting fraud following the Enron scandal and other high-profile cases.
Current CFO Jim McCormick will transition into the role of chief operating officer as the company works to bolster its operational capacity.
Shares of KushCo dipped about 7% to US$4.80 in Tuesday morning trading.
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