Medical Marijuana Inc. finally has a new man at the helm. Dr. Stuart Titus, Ph.D, has been named president and CEO of the publicly traded company, and will also serve as one of the board members.
Titus is the first public leader of the company since former CEO Michael Llamas stepped down in 2012. He is taking on the role in the midst of a a months-long lull in the company’s stock price, which trades on over-the-counter markets under the symbol MJNA.
In an interview with Marijuana Business Daily, Titus did not discuss plans to turn that trend around. Instead, he focused on what he described as an abundance of business opportunities for the company.
“I’m very excited about the future,” Titus said, pointing to new developments in cannabis-based medical treatments for athletes and alcoholics, as well as MJNA’s potential for branching out into other service areas of the marijuana industry, such as security services and armored transportation.
Titus moves to MJNA from General Hemp, which he co-founded four years ago. His resume also includes 11 years as a bond trader on Wall Street.
The announcement is the latest in a series of moves by MJNA in an apparent attempt to revitalize the company, including the acquisition of Kannaway, a startup hemp products firm.