SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Cannabis-Rx (OTCQB:CANA), a company focused on funding the growth of the cannabis industry in states where it is licensed or permitted for medicinal and/or recreational purposes, today announced the appointment of Munjit S. Johal as Treasurer and Chief Financial Officer. Mr. Johal will play an integral role in advancing the Company’s long-term growth strategy and overseeing its capital structure and regulatory requirements.
“With more than 30 years of experience in banking, accounting, finance and management in the private and public sector, Munjit brings a wealth of knowledge that will benefit our organization and support its growth,” said Llorn Kylo, chief executive officer of Cannabis-Rx. “We are excited to add a finance executive of Munjit’s caliber to our team and will leverage his diverse background in underwriting, asset management and disposition to effectively build our real estate portfolio.”
As a seasoned corporate executive, Mr. Johal began his career in 1981 serving as Senior Analytical Manager for the Office of Thrift Supervision (OTS), a federal agency under the Department of the Treasury (formerly Federal Home Loan Bank Board, the 11th District). During his tenure at the OTS, which lasted until 1987, he oversaw a staff responsible for, among other things, monitoring banking activities and enforcement actions for lending institutions and holding companies valued at $500 million or less. Since 1990, Mr. Johal has served as a financial officer of various companies including Pacific Heritage Bank as Executive Vice President. While in banking, Mr. Johal worked extensively with delinquent and problems loans as well as with the portfolio of real estate owned.
Mr. Johal served as Chief Financial Officer of Secured Diversified Investment, Ltd from 2002 to January 2009 and Davi Skin, Inc. from March 2007 to May 2010. Since October 20, 2006, Mr. Johal has been the Chief Financial Officer of SearchCore (formerly General Cannabis, Inc.). Additionally, Mr. Johal serves as Controller of High Tower Capital, Inc., a position he has held since 2007. He has a Masters of Business Administration from the University of San Francisco, and a Bachelor of Arts from the University of California Los Angeles.
About Cannabis-Rx, Inc.
Cannabis-Rx (OTCQB: CANA) is focused on funding the licensed cannabis industry by providing cannabis-based businesses with capital and real estate opportunities to enhance operations and facilitate growth. The Company also plans to offer consulting services to licensed cannabis growers and operators. Cannabis-Rx does not, nor does it intend to, grow, distribute or sell cannabis. For additional information, please visit www.cannabis-rx.co.