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THC Global appoints Mark Fortugno as CFO

The incoming CFO is a Canadian national with relevant in-country experience.

cannabis plant being held in hand
The company operates a farm to pharma model focused on medicinal cannabis

THC Global Group Ltd (ASX:THC) has appointed Mark Fortugno to replace Jarrod White as the company’s chief financial officer (CFO).

Fortugno has over 15 years of financial experience and is a Chartered Accountant (CA) in Australia and Canada, in addition to being a Certified Public Accountant in the US.

He has worked at KPMG (USA & Canada) in Cross Border Taxation, and as CFO for private-equity backed Cater Care in Australia

At Cater Care he was a part of its growth in headcount by 720% and revenues by 474% (to $237 million) within 5 years of his appointment.

Canadian experience relevant to growth strategy

Fortugno is a Canadian national and has significant financial management experience in Canada.

This will benefit THC Global as it grows its Canadian asset portfolio including a cannabis cultivation site in Nova Scotia, Canada to be completed shortly.

READ: THC Global shares rise after securing cannabis permits from the Office of Drug Control

THC Global’s CEO Ken Charteris said: “Mark’s specialisation in cross border transactions and implementation of high-growth strategies are a perfect mix for THC Global as we seek to aggressively expand into new regions and markets over the next 12 to 24 months in addition to transitioning into full-scale operations at our domestic cannabis production facilities.

“We look forward to working closely with him in an exciting new period of growth for THC Global.”

Quick facts: THC Global Group Ltd

Price: 0.41 AUD

Market: ASX
Market Cap: $57.72 m

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