Here’s the latest drama GAVIN Sathianathan, a founder member of Oxford Cannabinoid Technologies (OCT), published a bombshell letter to fellow investors last week laying bare the numerous reasons behind his call for the company’s board to be replaced. It seems OCT are going down the road of MedMen & CannTrust. Read on at BusinessCann OCT Co-Founder Publishes Scathing Letter Accusing Directors of ‘Serious Governance & Management’ Failings Ahead of GM Vote to Oust Board OCT are expected to publish a formal reply to this letter, which has now been removed from the public domain, in the coming days. In an RNS published on Friday March 11, a day after the letter was made public, OCT said it was ‘already in receipt of irrevocable undertakings’ from 46.5% of shareholders to vote against these proposals.
It seems OCT are going down the road of MedMen & CannTrust.
Here’s the latest drama
GAVIN Sathianathan, a founder member of Oxford Cannabinoid Technologies (OCT), published a bombshell letter to fellow investors last week laying bare the numerous reasons behind his call for the company’s board to be replaced.
The six-page document details what Mr Sathianathan describes as a ‘series of regulatory and governance failings’ for which he believes ‘sweeping changes’ need to be...
Read the full article @ Cannabis Law Report