Ramona-based Mentor Capital Inc. (OTC: MNTR) took another step toward its goal of becoming an operating medical marijuana company listed on the Nasdaq by appointing CPA Lori Stansfield as company chief financial officer.
"Having taught, authored, audited and managed every aspect of accounting organizations, it's a career capping challenge to be given responsibility to create and deliver quality public financial disclosure across a growing portfolio in such a young sector," Stansfield said. "As a Colorado native and mother seeking the benefits of CBD [cannabidiol] for her daughter, I am pleased to be part of the Mentor Capital team that is making a difference here in the right way."
Lisa Chatham also joined Mentor Capital after a 30-year career helping to uncover fraud at the California Department of Justice.
"As the marijuana market changes over from illegal to allowed, it is important to separate the risk takers from bad actors before Mentor Capital invests,” Chatham said. “Investigating with instinct, technique and non-government contacts we're able to have a clearer picture of who and what assets we are actually dealing with.”
Mentor Capital CEO Chet Billingsley said the next step for the company is looking to add M&A experienceto aid in processing transactions and controlling deal flow.