CanaFarma Hemp Products Corp. just announced the promotion of Frank Barone as their new Chief Operating Officer.
With a dynamic resume, Frank Barone received his Bachelor of Science degree from St. John’s University. He continued to receive his Juris Doctorate from St. John’s University School of Law. He has worked for the last 18 years and co-founded several consumer goods and services, including Barmensen Development, NextGen Health Solutions, and Associate Design LLC.
These companies use a Direct-to-Consumer business model to develop and distribute products into the marketplace, including nutritional supplements and cosmetics. This distribution model is used for marketing both online and offline audiences through television, radio, and print, or through online outlets like social media, affiliate marketing, and SEO solutions. After marketing to the consumer, these products were introduced to the brick and mortar and electric retail industries.
As a co-founder and leader of these companies, Mr. Barone oversaw the operations of many facets of the business, including the financial and operational infrastructure, channel strategies, legal aspects, and business development. Before co-founding and operating these businesses, Frank Barone was the Chief Operations Officer for a financial technology holdings company that held two SEC-registered subsidiary broker-dealers.
CEO of CanaFarma, David Lonsdale, said, “We are very pleased to be putting Frank in charge of the operations of CanaFarma. He is a talented and seasoned executive in whom we have a great deal of confidence. I am looking forward to working closely with Frank as we execute on the strategies that we have developed.”
As they continue to build as a company, CanaFarma is continuing to add on to its executive team to support its growth, and reach a projected $50 million in revenue for the year. On the day of the announcement of the new COO Canafarma stock (CNFA) traded with historic volume, up 8% to $.75. This is up %150 from their initial listing price in late March.