Ousted Cannabis Science Chairman, President and CEO Steven Kubby distributed company funds for personal gain, signed financial and share agreements without board consent and blocked the access of other officers and directors to a company account, the company said in a regulatory filing. […]
The company said in its SEC filing that Kubby signed financial and share agreements with Ruwart, [Ruwart’s husband and COO Ray] Carr and a private party that were not disclosed to or approved by the board, “using unauthorized company shares as collateral or consideration for his personal gain.”
Steve Kubby and Mary Ruwart were candidates for the 2008 Libertarian Party Presidential nomination, and Ruwart is an At Large member of the Libertarian National Committee. Kubby’s account of these events was reported earlier on IPR. A response by Cannabis Science CFO (and Kubby’s former campaign manager) Richard Cowan is at MarijuanaNews.com.