Mystic Mountain Shake-Up - Founding Chairman To Exit Amid Court Battle For Control
The Mystic Mountain Rainforest Adventures attraction in Ocho Rios, contending with more than a COVID-19 pandemic financial fall-out, is estimated to require US$2.6 million or $380 million in additional working capital over the next two years.
As the tour provider tries to woo Jamaicans and tourists back to its adrenaline-pumping rides, things are rocky in the boardroom with an ongoing court battle involving investors and directors.
After some 10 years at the helm of Mystic Mountain Limited, MML, the Jamaican company that owns and runs the adventure park, the venture’s co-founder and MML Chairman and CEO Michael Drakulich is on his way out of the top job.
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