We noted in a recent structure on Auxly the arrival of Jeanette VanderMarel as the new CEO at cannabis producer Beleave. Here’s what we said:

As an aside, In the small world of legal cannabis, Jeanette VanderMarel has (curiously) taken on the CEO role at Beleave, and was also elevated to the Board. Interesting move by her, given Beleave’s  recent mention in being around some <ahem> sketchy activity . Given they had $500k in cash as of March 31st fins, umm, yeah. I wonder what she’s intending to do, and if she sees something in it that’s salvageable. The auditors seem to doubt there is, and they say so clearly in Note 1 of Beleave’s fins.

It seemed a curious entry given the financial state of Beleave, and apparently one of her first moves was to suggest doing a share consolidation. Which, she got a blessing for from shareholders.

A couple of weeks later…..poof! She’s gone:

Well, that was pretty succinct. As probably is the half life of Beleave. Probably only food for vultures from here.

The preceding is the opinion of the author, and is in no way intended to be a recommendation to buy or sell any security or derivative. The author holds no position in $AUX or $BE