Grand Havana Inc. (OTCMKTS:GHAV) Appoints New President and COO: Stock Falls

February 18, 2022February 18, 2022 Ash K $GHAV, $GHAV news, $GHAV stock, $Grand Havana Inc. (OTCMKTS:GHAV), $OTCMKTS:GHAV

Grand Havana Inc. (OTCMKTS:GHAV) dropped 8% after announcing the appointment of Hugo Gutierrez and Chief Operating Officer, President and Board Member effective immediately.

Market Stats

On Thursday, GHAV stock slumped 17.70% to $0.0093 with more than 1.01 million shares, compared to its average volume of 724K shares. The stock moved within a range of $0.0090 – 0.0115 after opening trading at $0.0101.

Grand Havana Appoints New President and Chief Operating Officer

Guiterrez joins the company to oversee development in the company. He joins from Wendy’s, where he created an amazing career in different leadership roles. Most importantly, he has led regional and global companies such as Pollo Tropical and Denny’s.

As Grand Havana prepares to grow its casual quick cafe operation, Guiterrez will help streamline cafe operations while also improving customer experience, boosting sales and making the company’s brand more appealing.

The company is certain that his enthusiasm and expertise will enable Grand Havana to make the required operational changes and move the business to the next stage while remaining true to our purpose and core values. Guiterrez said he is proud to join Grand Havana during a period when leadership is concentrating on creating a national chain. So GHAV is worth watching in the coming weeks.

Key Quote

“We are excited to welcome Hugo Gutiérrez as our new President, a well-seasoned expert who will make a great leader to our leadership team and for our entire system to benefit from his impressive experience and operational expertise,” said Tanya Bredemeier. “The brand and its identity are deep in his DNA as a Cuban American businessman. Hugo Gutiérrez has the personal know how in creating an authentic experience as we move forward in the opening of our cafe in Miami,” concluded Tanya Bredemeier.

Traders Corner

GHAV stock is trading below the 20-Day and 50-Day Moving averages of $0.0105 and $0.0125 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0218.