MTL Cannabis Corp. appoints new chief financial officer

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Ontario-based MTL Cannabis Corp., which owns several Canadian marijuana companies, has appointed Jason Nalewany as its chief financial officer, replacing Peili Miao.

MTL Cannabis, which used to be called Canada House Cannabis Group, is the parent company of:

  • Montreal Medical Cannabis, a licensed producer in Pointe Claire, Quebec.
  • Abba Medix Corp., an LP in Pickering.
  • IsoCanMed, an LP in Louiseville, Quebec.
  • Canada House Clinics, which operates medical cannabinoid clinics across Canada.

“Jason has been a key part of MTL over the past two years, specifically operating as the driving force to help complete the RTO transaction this past summer,” CEO Michael Perron said in a statement.

MTL Cannabis is the latest North American marijuana company to experience turnover within the office of CFO.

In the United States, Trulieve Cannabis Corp. and the parent company of Weedmaps are among the companies that have recently installed new CFOs for various reasons.

Before his new job at MTL Cannabis, Nalewany held the CFO role at Montreal Cannabis Medical as well as senior roles at MediPharm Labs, a Barrie, Ontario-based licensed producer.

Nalewany is a Canadian chartered professional accountant and is a graduate of the University of Victoria.

Last July 28, Montreal Cannabis Medical completed a reverse takeover of MTL Cannabis.

Shares of MTL Cannabis are traded as MTLC on the Canadian Securities Exchange.