Spyder Cannabis Inc (CVE:SPDR) announced the appointments of Cameron Wickham as the company’s Chief Executive Officer (CEO), director, and corporate secretary, as well as Ankit Gosain as its new Chief Financial Officer (CFO), effective May 7.
Spyder also said its former CFO Mark Pelchovitz will now serve as executive chair of its board, with Wickham becoming the executive vice-chair.
“I am excited to lead Spyder through its next phase of growth and leverage the strength of our recent 180 Smoke acquisition and its 26 retail locations across Ontario. This acquisition has given Spyder access to an iconic brand name, local customer base and a talented management team,” Wickham said in a statement.
READ: Spyder Cannabis closes its acquisition of Canadian vape retailer 180 Smoke
“The company is now in a strong position to increase its current run rate revenue of $18.8 million both organically and through accretive acquisitions in both our cannabis and vape business divisions,” Wickham added.
“Additionally, we look forward to immediately converting some of 180 Smoke's existing vape retail locations to licensed cannabis dispensaries.”
Wickham has more than nine years of experience in public company management and has been involved in a number of going public transactions in Canada and the US in the cannabis, consumer finance and other regulated sectors.
Gosain, meanwhile, has over eight years of experience in providing business advisory, accounting and corporate strategy services to a variety of industries including cannabis, technology, pharmaceutical, real estate and natural resources.
Also, Spyder Cannabis’ board has appointed Steven Glaser, Mark Pelchovitz and Wickham as members of its Audit Committee, with Glaser serving as its chair.
It added that Daniel Pelchovitz will continue with Spyder as a company director and CEO of its wholly-owned Spyder Cannabis Subco Inc subsidiary.
Spyder Cannabis is a cannabis and vape retailer that operates in jurisdictions where the products are federally legal in Canada. Through its subsidiaries, the company is involved in the sale of cannabis products, as well as the sale of smoking cessation products.
Contact Sean at sean@proactiveinvestors.com