LAKE FOREST, Calif., Sept. 15, 2016 /Weed Wire/ — David Friedman resigned as CEO, and CFO of MJIC, Inc. (“Company”) as well as all officer and director positions held in the operating subsidiaries of the Company effective immediately. Randy Shipley shall remain the president of the Company.
David Friedman shall remain a member of the board of directors of the Company.
“Mr. Friedman’s stepping down was in anticipation of the initial public offering of the Company. The Company intends to immediately commence discussions to employ a CEO with public markets experience” said Shipley.
“It was an honor and a privilege to serve as CEO of the Company during this dynamic period in the cannabis industry and I look forward to the continued growth and success of the Company” said Friedman.
About MJIC, Inc.
MJIC, Inc. is a holding company that operates businesses in the legal cannabis space including its portfolio of media related properties, distribution, branding and financial services.