Sutton has led the cannabis cultivator since October
The president and CEO of Inc () (OTCMKTS:TGIFF) has another hat to wear, the company announced Friday.
Brayden Sutton, who has led the cannabis cultivator since October, was named chairman of the board.
Sutton will receive 200,000 bonus shares at C$0.50 per share instead of a cash bonus, the company said.
READ: 1933 Industries increases capacity at Las Vegas hemp extraction facility
Meanwhile, the Vancouver company is looking for European investors. 1933 announced a consulting deal with Westmount Capital, which will provide investor relations services in Europe.
The firm will receive 100,000 stock options exercisable at C$0.55 per share in exchange for introducing the company to institutional investors, fund managers and family offices, among other promotion.
Shares of 1933 held at C$0.45 on the CSE and slipped 3.6% to US$0.33 on OTC markets.
Contact Andrew Kessel at [email protected]
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CSE:TGIF
Market: CSE
Market Cap: $52.81 m
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