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Healthcare Integrated Technologies Inc. (OTC Bulletin Board: HITC) reported the immediate departure of Kenneth M. Greenwood, the company’s Chief Product Architect, on Monday. Greenwood’s resignation, effective as of Thursday, also led to the termination of the Non-Employee Chief Product Architect Engagement Agreement between Modus Novus, Inc. and the company, dated March 11, 2025. The news comes as the company’s stock trades at $0.28, having posted an impressive year-to-date return of nearly 98%.
The resignation was disclosed in a filing with the Securities and Exchange Commission (SEC) by the Nevada-incorporated company, which is listed under the Services-Amusement & Recreation Services sector. The Knoxville, Tennessee-based company, formerly known as Grasshopper Staffing, Inc., and later Tomichi Creek Outfitters, has not provided further details on the reasons behind Greenwood’s departure or information regarding a successor.
Healthcare Integrated Technologies is known for operating in the healthcare technology space, although specific details on current projects or products have not been disclosed in relation to this corporate update.
The company’s business address and contact information remain unchanged, and Scott M. Boruff continues to serve as the Chief Executive Officer of Healthcare Integrated Technologies Inc.
This article is based on a press release statement and aims to provide shareholders and the investing public with essential information regarding changes in the company’s executive team.
In other recent news, Healthcare Integrated Technologies Inc. has appointed Anthony Chapman to its Board of Directors. The appointment took effect on March 14, 2025, and is set for a three-year term. Chapman’s compensation will be entirely equity-based, with a restricted stock grant of 400,000 shares of the company’s common stock. This grant will vest incrementally over the next three years, with vesting dates on March 14 of 2026, 2027, and 2028. The company disclosed this corporate governance development in a Form 8-K filing with the Securities and Exchange Commission. Healthcare Integrated Technologies has not provided further details about Chapman’s background or the specific reasons for his selection. This appointment is part of the company’s ongoing adjustments to its board composition and governance structure.
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