Marino Resigns from MJIC Inc. and Friedman Becomes CEO


On Thursday, Dec. 17, 2015, MJIC Inc., a diversified holding company dedicated to the emerging cannabis industry, announced that Frank Marino resigned effective immediately due to health-related reasons, and that David Friedman, CEO of MJIC Media LLC, has been named MJIC Inc.’s new CEO.

MJIC’s executive team will remain intact and Randy Shipley will assume the role of Chief Revenue Officer.

“We want to thank Frank for his contribution to both the company and the industry and extend our thoughts and prayers to him and his family as he faces the challenges to come,” Friedman said. “Despite the circumstances we are well positioned to continue to build on the success MJIC has experienced and we expect no interruption in our operations during the transition.”

“I’m afraid that under the circumstances I would be doing our shareholders a disservice to remain in my current position. I fully believe in this management team and I’m confident that they will build out MJIC to its full potential,” Marino said.

MJIC’s holdings include Gateway Incubator and MJIC Media, which includes the Marijuana Index, Marijuana Investor News, Cannabis Trader and Marijuana Investor Summit.

Caroline Cahill was the Managing Editor of MJINews from June 2014 through February 2018. She earned her BA in Communications from College of Charleston and her MFA in Creative Writing from Virginia Commonwealth University. You can follow her on Twitter @CtheresaC.

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