Because the nineteenth Benzinga Hashish Capital Convention returns to Chicago (Oct. 8-9), gathering high CEOs, buyers and leaders within the marijuana trade, let’s scroll via the newest management adjustments within the area. (Get your tickets now earlier than the costs go up by following this hyperlink.)
Barely over a 12 months following Gov. Dan McKee‘s choice to nominate three consultants to the Hashish Management Fee with a job to manage, license and management the medical and leisure hashish markets in Rhode Island, the company is about to get a pacesetter.
One in every of Oklahoma’s high hashish regulators Michelle Reddish is nominated by Gov. McKee to grow to be Rhode Island’s first hashish administrator.
Reddish, who would obtain an annual wage of $162,270, is tasked with reporting on to the three-member panel, praised the transfer. “I’m keen to construct sturdy partnerships throughout the state in help of protected and equitable entry to hashish,” Reddish, who at present serves because the chief working officer on the Oklahoma Medical Marijuana Authority (OMMA), mentioned.
Hashish Board Adjustments
Within the meantime, almost a dozen both hashish firms or companies associated to the plant noticed board adjustments lately.
Two former members of the board of Canadian hashish large Cover Development Company WEED CGC, Judy A. Schmeling and William A. Newlands are nominated to serve on the board of Constellation Manufacturers. Lately, Greenstar Canada Funding Restricted Partnership and CBG Holdings LLC, every a wholly-owned subsidiary of Constellation Manufacturers Inc exchanged all 17,149,925 widespread shares within the capital of Cover for no consideration. They collectively held 17,149,925 exchangeable shares. That transfer enabled the acceleration of Cover’s entry into the U.S. THC market, which is forecasted to achieve roughly $50 billion in 2026, the corporate mentioned on Monday in a press launch.
In mid-Might, one other Canadian hashish large, Aurora Hashish Inc. ACB ACB, appointed Rajesh Uttamchandani to its board of administrators. Uttamchandani delivered to Aurora an enormous expertise as a present and previous director for personal and public organizations, together with LifeSpeak, Ontario Hashish Shops, Mackenzie Well being, and several other not-for-profit organizations.
KEY Funding Companions LLC, which connects buyers to engaging non-public hashish alternatives, lately expanded the agency’s advisory board with two new members, David Culver and Eula Adams.
California-focused, vertically built-in hashish firm, StateHouse Holdings Inc. STHZ STHZF tapped Felicia Snyder to function unbiased chair of the board of administrators of the corporate, changing Matthew Okay. Hawkins.
SHF Holdings, Inc. which is doing enterprise as Secure Harbor Monetary SHFS appointed its CEO, Sundie Seefried as a member of the board in April.
Akanda Corp.’s AKAN board of administrators welcomed Christopher Cooper to its ranks in April following the resignation of Harvinder Singh as a director.
In Might, Village Farms Worldwide, Inc. VFF mentioned finance knowledgeable Carolyn Hauger has been appointed to its board of administrators and can stand for election on the firm’s annual shareholders assembly in June 2024. This appointment got here on the heels of the corporate’s choice to increase its government staff in April, by naming Ann Gillin Lefever as COO, Paul Furfaro as president of world medical hashish and John Harloe as common counsel at World Hashish.
Canadian hashish producer The BC Bud Company BCBC BCBCF introduced final month the addition of Cary Alexander, one other finance knowledgeable, to its advisory board. The corporate additionally named Sean Flynn as its new chief business officer.
Earlier in Might, Actual Manufacturers Inc. RLBD introduced that it had added Richard J. Goldberg, MD, MS, to its board of administrators. The corporate has entered right into a consulting settlement with Dr. Goldberg for steering and experience in Actual Model’s new psychedelics analysis division that was launched in 2023.
Hashish Bioscience Worldwide Holdings CBIH lately named John E. Jones as its new treasurer and director.
On Friday, Ascend Wellness Holdings, Inc. AAWH AAWH appointed Julie Francisto to its board of administrators, efficient June 3, 2024. Presently, Francis serves as a chief working officer for The Schwan’s Firm, a U.S.-based producer and marketer of high quality meals provided via retail grocery and food-service channels.
Two New CFOs & Different Appointments
Calgary, Alberta-based hashish retailer Excessive Tide Inc. HITI HITI 2LYA named Mayank Mahajan its new CFO in Might.
Motif Labs, a model home shaping Canada’s hashish 2.0 market appointed in Might two key executives to its monetary management staff – Jason Macintosh as the corporate’s first CFO, and Mohsin Iqbal as senior director of gross sales finance and insights.
Leafly Holdings, Inc. LFLY kicked off Might by naming Peter Lee as president and chief working officer, main new monetization efforts, operations and company growth whereas deepening partnerships with Leafly’s clients. He remained a member of the corporate’s board of administrators.
Avail Skilled Providers, a service supplier in accounting, finance and capital sourcing to quite a lot of industries appointed Jason Nelson as CEO of its cannabis-focused Avail Ag Division.
Hashish-oriented Fiorello Agency named Aaron Jones as managing director for its New York apply, and head of digital.
