Turmoil ensued recently within the walls of SKUNK Global Media, a renowned name in the global cannabis industry, as shareholders took unprecedented action, removing multiple members of the board of directors from their positions. The company's decision was prompted by concerns that the ousted board members were jeopardizing the firm's culture, reputation and financial obligations to various entities.
The new board of directors, established in March 2023, was accused of exhibiting radical behavior that threatened the company's stability. They stopped payroll and ordered the organization's president and editor-in-chief to halt revenue generation until an unspecified date, as they planned a company-wide reorganization.
Julie Chiariello, SKUNK Magazine's Editor-in-Chief since Fall of 2020 and co-owner since 2014, provided crucial insight into the predicament. She expressed regret over the drastic …