Those who are currently looking into the cannabis sector for possible options could consider taking a look at the Aleafia Health Inc (OTCMKTS:ALEAF) stock this week. It has been in the middle of a steady upward move over the course of the past week and during that period, the Aleafia stock has managed to deliver gains of as much as 13%.
The rally in the stock has been triggered by the announcement from the company back on September 1, 2021 with regards to appointment of a new member to its board of directors in the form of David Paseika.
That is a major new appointment from the company and one that seems to have excited investors as well. Paseika is a highly experienced executive who has worked with publicly listed companies in the past. In addition to that, he has also served in the capacity of a director with special focus on the fields of ESG, risk management, finance and audit.
The appointment of key personnel to a company’s board can often have an effect on investor confidence as well and that is what seems to have happened with the Aleafia Health stock over the past week.