1CM Announces CFO Change

Rhea-AI Summary

1CM (CSE: EPIC / OTCQB: MILFF / FSE: IQ70) announced on January 7, 2026 that Antony Pramoth has been appointed Chief Financial Officer, effective immediately. Mr. Pramoth succeeds Harshil Chovatiya, who served as CFO since February 24, 2023. Mr. Pramoth joined 1CM in October 2023 and is promoted from within the company.

This is an immediate, internal leadership change for the finance function at 1CM.

Positive

• Appointment effective January 7, 2026
• CFO is an internal promotion; joined company in October 2023
• Succession provides continuity after predecessor's Feb 24, 2023 start

Negative

• Release gives no details on CFO's prior finance experience outside the company
• No transitional or strategic finance plan disclosed with the appointment

News Market Reaction – MILFF

+36.79%

1 alert

+36.79% News Effect

On the day this news was published, MILFF gained 36.79%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - January 7, 2026) - 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM" or the "Company") is pleased to announce that its board of directors has appointed Antony Pramoth as Chief Financial Officer of the Company. Mr. Pramoth succeeds Harshil Chovatiya, who has served as the Company's Chief Financial Officer since February 24, 2023, effective immediately. Mr. Pramoth has been with 1CM since October 2023. The Company is pleased to promote Mr. Pramoth to the role of CFO.

About 1CM Inc.

1CM Inc. is a retailer of cannabis and liquor in Canada with a track record of developing cash-flow positive locations. 1CM's business strategy is to continue to develop new cannabis and liquor retail locations through organic growth and merger and acquisition transactions. For more information, please visit www.1CMinc.com.

For more information, please contact:

Antony Pramoth
CFO 1CM Inc.
Tel: 1.717.888.8889
info@1cminc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279755

FAQ

Who is the new CFO of 1CM (MILFF) as of January 7, 2026?

Antony Pramoth was appointed Chief Financial Officer effective January 7, 2026.

When did Antony Pramoth join 1CM before his promotion to CFO?

Mr. Pramoth joined 1CM in October 2023 and was promoted to CFO effective immediately.

Who did Antony Pramoth succeed as CFO of 1CM (MILFF)?

He succeeds Harshil Chovatiya, who had served as CFO since February 24, 2023.

Does the 1CM (MILFF) announcement include financial guidance or strategy changes with the CFO appointment?

No; the announcement states the appointment and background timing but does not provide guidance or strategic finance details.

Is the 1CM CFO appointment internal or an external hire for MILFF?

The appointment is internal: Antony Pramoth was promoted and has been with 1CM since October 2023.