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)
Skip to content
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.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: America’s wobbly bonds are Canada’s advantage in the trade war. Here’s why
Briefing
Ottawa commits $11B for six new icebreakers from Chantier Davie Canada
Board overhaul at U.K. fintech FNZ should rein in costs: La Caisse
WildBrain buys Personality AI in deal that could top US$70M
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
