Clearview Capital Consult will assist with the development and implementation of its capital markets and communications strategy
Mojave Jane Brands Inc () (OTCMKTS:HHPHF) has hired Clearview Capital Consult for communications and strategic advisory services.
The vertically-integrated cannabis company said Clearview will assist with the development and implementation of its capital markets and communications strategy, along with general strategic advisory.
Clearview has deep ties to the cannabis sector, the company said. The firm was founded by Marc Lakmaaker, the former head of investor relations and director of corporate development at () (NYSE:ACB).
Shares of Mojave traded 7.7% higher Wednesday on the CSE at C$0.07 and 1.7% higher on OTC Markets at US$0.06.
READ: Mojave Jane’s SpeedWeed launches direct-to-consumer e-commerce platform
"We are thrilled to be working with Marc who has an exceptional track record in the cannabis industry,” Mojave Jane CEO Gary Latham said in a statement. “He has been involved with the cannabis capital markets since the early days, in particular with Aurora, one of the undisputed industry leaders. With his help, we will be working on enhancing our communications, as well as leveraging his experience in executing on certain strategic growth initiatives."
Mojave Jane will pay $12,500 per month for Clearview’s service, $5,000 of which will be settled in shares.
"With their focus on manufacturing, brands, and distribution through [cannabis delivery service] SpeedWeed, I believe Mojave has unique assets that offer a very compelling and clearly differentiated model,” Marc Lakmaaker said in a statement. “Close involvement by the board and a supportive roster of shareholders, which includes some of the key visionary entrepreneurs in the sector, make this a company I believe is well positioned to execute, and I look forward to working with the team at Mojave.”
In a seperaterate statement put out late Tuesday, Mojave announced that Chairman Robert Allen has resigned in order to focus on the development of his own business endeavors.
Cam Birge, an independent board member since October 2018, has been named interim chairman.
"Bob has been a tireless contributor to the development of Mojave, and we are grateful for his time in supporting the company,” Birge said in a statement. We want to wish him well with his business endeavors, the demands of which have become such that he was no longer able to allocate sufficient time to his responsibilities at Mojave. In the meanwhile, we have started the process to expand our board as the company continues to execute on its growth strategy based on manufacturing, brands and distribution through SpeedWeed."
Mojave Jane is a Toronto-based cannabis company that operates primarily in California.
—Updated to include stock movement—
Contact Andrew Kessel at [email protected]
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