US listed shares by Canadian medical cannabis company Namaste Technologies Inc.
dropped 20% in early trading Monday, after the company said it fired its chief executive for cause and began a formal review of its strategic opportunities. Toronto-based Namaste said it dismissed Sean Dollinger after examining a special board and removed him as director with immediate effect. The investigation was triggered by allegations made by a named card seller. "The only one who was substantiated and required action, as recommended by the Special Committee, concerned the sale of Namast's US subsidiary, Dollinger Enterprises US Inc. in 201
MJ, + 4.21%
has won 49% and S & P 500
SPX, + 0.16%
has become 8%.
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