Cannabis One Holdings Inc (CSE:CBIS) is strengthening its board with the addition of veteran Colorado businessman C Regan Hauptman.
Hauptman, CEO of residential developer Remington Homes, has been an investor in Vancouver’s Cannabis One since 2016.
The Canadian cannabis company is commercializing a house of brands throughout North America, including its flagship brand, The Joint.
"I am pleased to accept a directorship with Cannabis One Holdings Inc and I look forward to contributing to the company's growth as it continues to expand its retail footprint and its infused product offerings across Nevada, Colorado, Oregon and Washington," Hauptman said in a statement on Wednesday.
Cannabis One said the move is designed to bolster its board's independence to facilitate the group's next stages of growth. The firm is looking to expand its existing product offering into California and fortify its Cheech’s Stash line of infused products and flower among the top tier of brands.
Hauptman will take a seat left vacant by early board member Bradley Harris, who has resigned effective immediately. Cannabis One thanked Harris for his contribution to the company since its inception.
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