Richard Stieler to Step Down as Chief Operations Officer of Colombian Company NewCanna SAS and Affiliate NewCanna Hub
VANCOUVER, British Columbia, October 16, 2018 (Newswire.com) - RAD Laboratories Inc. of Vancouver, Canada, and its wholly owned subsidiary RAD Laboratories Colombia SAS, announced today that it’s concluding its relationship with NewCanna SAS and NewCanna Hub of Colombia.
Since January 2016, RAD Laboratories has worked closely with NewCanna and the indigenous peoples of Colombia developing the core of its cultivation and extraction business.
Although the concept of the NewCanna Hub is appealing, it does not allow RAD to realize the value of its core competencies in the extraction and formulations of plant-based medicine through its indigenous relations.
Richard Stieler, Founder, RAD Laboratories
Richard Stieler, founder of RAD Laboratories, states that “Although the concept of the NewCanna Hub is appealing, it does not allow RAD to realize the value of its core competencies in the extraction and formulations of plant-based medicine through its indigenous relations.”
RAD entered into a business relationship with NewCanna because of RAD’s humanitarian focus and high expectations of strengthening indigenous relations and to help them better their position in Colombia’s emerging legal cannabis industry.
Richard Stieler has stepped down as the chief operations officer of NewCanna SAS and NewCanna Hub to devote his time and energy to helping the indigenous facilitate the management of foreign trade and other international opportunities within the cannabis industry.
The above departures are not related to any disagreement with NewCanna regarding financial disclosures, accounting or business matters.
Contact:
Richard Stieler
Richard@RADLaboratories.com
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Source: RAD Laboratories