George Scorsis, a seasoned industry leader has been appointed as Executive Chair of WeedMD’s board of directors. The company made this announcement after it declared the closing of the acquisition of Starseed Holdings Inc. and the completion of the $25 Million subscription receipt financing. Mr. Scorsis had previously played the role of the executive advisor to the WeedMD board for six months. For the last 15 years, George Scorsis has served as the leader in managing businesses related to the industry namely, alcohol, energy drink, and cannabis.
Previously, George Scorsis had served as the CEO and director of Liberty Health Science from July 2017 to February 219 and using his leadership quality, he contributed immensely to the massive growth of the company. In addition to this, Mr. Scorsis had also served as the President of Mettrum Health Corp., a company known as one of the leading Canadian Cannabis distributors. Apart from this, he was also the chairman of the board of directors at Scythian Biosciences Corporation.
WeedMD Inc., a federally-licensed producer, and distributor of medical-grade cannabis recently acquired Starseed Holdings Inc., a medically-focused, federally-licensed cannabis company. Apart from this, WeedMD also completed the private placement of subscription receipts with the LiUNA Pension Fund of Central and Eastern Canada (LPF) for a gross value of $25 million. After the acquisition, WeedMD’s board of directors has a total of four representatives from WeedMD and three representatives from StarSeed.
Designing Business Rules, Processes and Systems, is the Topmost Leadership Secret For Handling Clients
Generally we let go of the client’s behavior even though it is in direct contrast to the rules we have established in our businesses. We do not tell them that they are wrong and cannot participate in our business life unless they are prepared to follow our rules. We should be able to do it even though it seems harsh as it creates a circle of misconduct where the business is at the receiving end.
From the customers not paying on time or not paying at all, customers calling repeatedly about a particular matter even when they have been already directed to talk to somebody with that responsibility in the organisation, they not providing all the relevant information to enable the job, not reading or listening to communications via email or phone, not taking advice even when they asked for it or when they insult or upset members of the team, the list of unruly behavior is endless.
Every business has these types of clients who are breaking rules constantly. They are breaking rules of organisation and gradually breaking the business that has been designed painstakingly creating stress in an organisation.
It creates stress in the systems and processes and it also creates stress in the human beings involved when the rules are broken. The more the customers break rules, the more they are eating into the profitability of the business. So to deal with such type of situation, business accountants of Brisbane have shared a very helpful secret. A business needs to decided whether the client can be re-educated or it is time to let them go. They need to be explained that if they are going to keep breaking the rules, the business cannot continue to serve them.
And to do that, designing proper business rules to abide by, and creating proper structure of system has become the topmost priority.
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