Greywood Investments, which owns over 9.3 per cent of the Toronto-based e-sport and gaming platform consolidator, said Enthusiast CEO Adrian Montgomery is a “detriment” to the company and its culture. Greywood further blamed Enthusiast’s board, chaired by Canadian businessman and Vancouver Canucks owner Francesco Aquilini, for impeding the company’s progress and share price. (The Logic)
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Greywood Investments, which owns over 9.3 per cent of the Toronto-based e-sport and gaming platform consolidator, said Enthusiast CEO Adrian Montgomery is a “detriment” to the company and its culture. Greywood further blamed Enthusiast’s board, chaired by Canadian businessman and Vancouver Canucks owner Francesco Aquilini, for impeding the company’s progress and share price. (The Logic)
Talking point: Though Enthusiast reported a 57 per cent year-over-year increase in first quarter revenue last week, the company’s stock closed at $2.52 on Tuesday, down significantly from its April 2021 peak of $10.48. While tech stocks have been badly beaten as of late, Greywood says the gaming company’s management is responsible for both the decline as well as “the eroding industry-wide reputation of the company.” Enthusiast was not immediately available for comment.
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