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G-Pel International Inc (OTCMKTS:KGET) Welcomes its New CEO

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G-Pel International Inc (OTCMKTS:KGET) has introduced its new Chief Executive Officer, Eric Watson, who has been active in the Cannabis segment since last 25 years. In 2009 he co-established Green Door Hydro & Solar Electric, which quickly became one of the leading indoor gardening supply depots in California.

He is also the co-founder of entertainment firm Protozoa Pictures, which has made numerous major motion movies since 1997, including THE WRESTLER and BLACK SWAN. Blending his cherished understanding of the Cannabis division with his business acumen, Watson intends to guide the firm into a strong, leading industry position.

 The details

Watson expressed that G-Pel is at the cliff of a once in a lifetime chance, as a $50 billion industry expands into the mainstream. With the fast expansion of retail opportunities as the prohibition wanes, the consumer base continues to develop exponentially for consistently produced premium quality Cannabis offerings.

Branded offerings hold the future, and they intend to immediately release a full line of clean THC and Hemp offerings for the mainstream customer with the objective of establishing their brand as the market pioneer CaliPharms will be what consumers reach for when it is time to purchase. The company’s subsidiary Country Junction Farms has chosen to unwind the acquisition deal between CJF and G-Pel.

Under the deal provisions, there is a clause that Country Junction Farms may unwind the deal for any reason, given it has not sold any of the equities issued to CJF as consideration for the deal. Country Junction Farms did not convert or sell G-Pel stock, or recorded any cash consideration for the contracted deal, so the unwinding provision is stated valid by CaliPharms. The company wished remarkable success to County Junction Farms in the future.

In the last trading session, the stock price of G-Pel closed flat at $0.00010.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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