Dietrich said he is now on more amicable terms with Kveton he said.
The removal of the board was part of the transition of corporate leadership and their agreement with COWA, Dietrich explained. Alameddin would have a leadership position on the board and continue to run its operations.
“It’s a natural transition,” Dietrich said, explaining there were no disagreements with the outgoing board. They are currently evaluating other candidates to join the board, including adding a woman to comply with California state law. Dietrich said they are excited to diversify their team.
They recently moved to Los Angeles into a co-working space from Denver. Dietrich said the company moved from Denver to Los Angeles to take advantage of California’s larger potential market.
Once the deal is completed, COWA will maintain their office and warehouse in Denver, Alameddin said. Both sides are now working hard to complete the deal.
Dietrich defends the company’s past troubles, saying that much like any new business and industry, a great deal of it is about surviving and learning from experience.
“We’re a growing business. We’ve had a lot of experience. We've learned and seek to be a leader in the cannabis industry,” Dietrich said. He wishes to help move the industry forward.
Dietrich defends the company’s past troubles, saying that much like any new business and industry, a great deal of it is about surviving and learning from experience.