Buy It or Sell It? Columbia Care Inc (OTCMKTS:CCHWF) Appoints Julie Hill

Columbia Care Inc (OTCMKTS:CCHWF) continues to see downtrend and is trading slightly lower in the opening session on Tuesday.

Market Action

In the opening session, CCHWF stock is down by 1% at $5.69. The stock has traded 131K shares compared to its average volume of 443K shares.  The stock opened at $5.76 and moved in a range of $5.67 – 5.78.

Major Trigger:

Columbia Care Appoints Julie Hill to its Board of Directors

Key Highlights:

  • has appointed Julie Hill to its Board of Directors. Her appointment expands the Board to eight members.
  • Ms. Hill has spent more than two decades serving on a range of private and public corporate Boards of Directors. She is currently a member of the Board of Directors of the Lord Abbett Family of Funds, a $225 billion New Jersey-based mutual fund management firm.
  • Most recently, Ms. Hill was a member of the Board of Directors of Anthem, a Fortune 50 company, and the largest U.S. health insurance company by member. She was also previously on the Boards of Lendlease, a publicly traded international construction, development, investment and management firm, and Holcim (U.S.), the U.S. operation of a Swiss company, as well as several other public companies.

Key Quote

“Julie’s extensive experience in corporate governance for highly-regarded, transformational companies is a huge win for our Board and shareholders. Through the various Boards on which she has served, she brings a unique and insightful lens that we are grateful to add to our team,” said Nicholas Vita, CEO of Columbia Care. “As the industry continues to mature and we expand in newly legalized states, Julie’s knowledge and perspective will be vital. We are thrilled to welcome her to the Columbia Care family.”

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