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Supreme Cannabis announces interim CEO

Navdeep Dhaliwal is no longer Chief Executive Officer of Supreme Cannabis.

Supreme Cannabis Company Inc. announced Jan. 6 that board of director Colin Moore has replaced Dhaliwal and has assumed the role of interim president and CEO as the search for a permanent replacement begins immediately. Moore brings with him 40 years of experience in major companies, such as Starbucks Coffee Canada and PepsiCo.

“The board determined that the company would benefit from leadership with the skills and experience to accelerate our growth and transformation into a leading cannabis CPG (consumer packaged goods) company,” Supreme Cannabis Board Chairman, Michael La Brier said in a statement. “We are fortunate to have Colin Moore stepping up to serve as our interim CEO and lead our efforts to drive long-term, profitable growth and shareholder value during this transitional period.”

Reasons for Dhaliwal’s departure are not specified in the company’s statement. The transition follows months after former Chief Advocacy Officer, John Fowler, “parted ways” with the company in October 2019. Fowler was one of the original founders of Supreme Cannabis’ flagship brand, 7ACRES.

Fowler welcomed Moore in the new role via Twitter: “I had the privilege of working with Colin as a board member and mentor. Excited to see what his leadership in a more active role brings to (Supreme Cannabis).”

“Going forward, we have a tremendous opportunity to drive profitable growth and cash flow by expanding our market position across all market segments and with new strains and product forms,” said Moore in a statement. “As we begin the search for the Company’s next leader, I’m excited to get to work immediately on these priorities with a great team that is committed to delivering on Supreme Cannabis’s great potential.”