Strong action continues to dominate the tape in Discovery Gold Corp (OTCMKTS:DCGD). We have seen the stock reaffirm key support with shares holding on an attempted breakdown to rise back up near the key dollar level. Amid that action, the company just announced it has added Nancy Norton to its executive leadership team as Chief Legal Officer.
According to the release, “Nancy has over 20 years of legal experience working in-house in a variety of industries. She has extensive experience, both internationally and domestically, working on intellectual property, mergers and acquisitions, risk management, operations and corporate finance transactions. Prior to joining GRN Holding Corporation, Nancy was General Counsel at Kymeta and at Molecular Infusions and earlier in her career she held various legal roles with increasing levels of responsibility for several technology companies.”
Discovery Gold Corp (OTCMKTS:DCGD) frames itself as GRN Holding Corporation following a reverse merger that made some serious waves in the cannabis patch several months ago.
This new identity emerged in the clear public light after the company announced that it had added venture and financing industry veteran Justin Costello to its Strategic Advisory Board. In this capacity, Mr. Costello is expected to help guide Cannabis Global Inc.’s strategic planning, investments and partnerships in the rapidly growing cannabis industry.
Mr. Costello is the President and CEO of Discovery Gold Corporation (OTC PINK: DCGD) of Seattle, Washington, a fast growing, publicly traded new entrant into the cannabis marketplace. He also manages and is the CEO of GRN Funds, LLC, a private equity and hedge fund that secures banking resources for small to medium businesses and ancillaries.
“We are excited to have Justin Costello join the Cannabis Global Inc. team. His expertise in strategic planning and venture capital will help our growing company to identify potential acquisition partners and the best sources of capital to allow us to meet our aggressive growth plans in not only the industry hemp sector, but also within other areas of the cannabis industry,” commented Arman Tabatabaei, CEO of the Company. “We welcome Justin to Cannabis Global family.”
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As noted above, DCGD just announced it has added Nancy Norton to its executive leadership team as Chief Legal Officer.
We’ve witnessed 17% during the past week in terms of shareholder gains in the company. Moreover, the name has benefitted from a jump in recent trading volume to the tune of 15% beyond what we have been seeing over the larger time frame.
“We are excited to welcome Nancy to our team,” said Justin Costello, CEO of the Company. “Nancy brings an impressive level of experience and expertise to GRN Holding Corp and will be a welcome and needed asset as we pursue a promising set of opportunities with our increased scale and expanded portfolio.”
Regarding the appointment to the Chief Legal Officer position, Ms. Norton said “I am excited to be joining an experienced team of executives in such a dynamic industry. GRN Holding Corporation is well-positioned to enable businesses to reach larger markets and develop competitive advantages to increase profitability and I am thrilled to be able to contribute to that growth and future success.”
Earning a current market cap value of $232.3M, DCGD has virtually no cash on the books, which stands against virtually no total current liabilities. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $DCGD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $DCGD, either long or short, and we have not been compensated for this article.