It is with regret that we have to announce the severance of the Cannabis Trades Associations ties with Peter Reynolds.
While Peter was instrumental in the formation of the CTA by facilitating the meeting of the founder members his capacity and input into the company has been limited to an informal non appointed assumed advisor to the Board.
Peter has never held any official position nor has he contributed at a Board level or have any rights over the reputation and goodwill that have been gained by the Association. Neither has he financially contributed in any way to the formation or continued running of the Association.
As a Board we have continued to try and support a role within the association for Peter, and on numerous occasions when our ties to Peter have caused us concern in relation to damage this can cause to the reputation of the Association, a majority vote was taken to continue to support Peter due to our respect for his work and knowledge over the years.
Peter has over the period of the last year, made continued efforts to demand a position on the Board, these demands were backed with legal threats and on each occasion the Board voted, it was decided it was not in the interests of the Association.
Following the last attempt and legal threat we decided as a Board to facilitate a meeting in October to discuss his position and our concerns. Peter agreed to this meeting however in the few weeks that have passed his actions have escalated.
These are a small sample of the issues and as a result we have had no choice but to sever our ties with Peter, with immediate effect.
It’s unfortunate that it has come to this and that much of this has been had to be dealt with confidentiality at a Board level only to protect the interests of the Association.
We would like now to bring closure to this issue and wish Peter all the best with his future projects. We, as an Association, need to act professionally and while we admire Peters’ passion, it is an interference for that is not beneficial to to future of the industry and the Association.
We respectfully request all Members support this position and we get back to the job of protecting the interests of this industry.