New Executive Appointments in the Cannabis Sector
Canadian medical cannabis giant Aurora Cannabis Inc. ACB ACB made a splash on Tuesday with the announcement of Simona King as its new CFO, succeeding Glen Ibbott.
Aurora also unveiled the completion of a 10 to 1 consolidation of its common shares, which will begin trading on the NASDAQ Capital Market and the Toronto Stock Exchange under the symbol “ACB” at the opening of trading on Tuesday.
Cresco Labs Inc. CL CRLBF 6CQ promoted Greg Butler to the position of president, expanding his responsibilities within the company.
The Hempshire Group, Inc. HMPG underwent a CEO change, with a veteran from the consumer packaged goods industry, Tom Shuman, taking the helm from the retiring Alex Shegelman.
Rubicon Organics Inc. ROMJ ROMJF appointed Margaret Brodie as its new CEO, solidifying her role after a year-long stint as interim CEO and CFO.
Los Angeles-based STIIIZY INC. welcomed Isaac Kim as its new CFO, recognizing his extensive financial leadership experience.
Furthermore, California’s Lowell Farms Inc. LOWL LOWLF appointed Jamie Schniedwind as its new director of finance.
AgriCann Solutions Corp.’s CFO, Dome Duong, recently resigned from the company.
ZYUS Life Sciences Corporation ZYUS added Hance Clarke, MD, PhD, FRCPC to its Clinical Advisory Committee.
Changes in Cannabis Company Boards
Several cannabis companies made changes to their respective boards of directors, with notable appointments and resignations.
Charlotte’s Web Holdings, Inc. CWBHF CWEB welcomed Matthew E. McCarthy, the former CEO of Ben & Jerry’s Homemade, to serve on its board.
Bright Green Corporation BGXX saw its CEO, Groovy Singh, join the company’s board while co-founder Lynn Stockwell was appointed as the new chair of the board, succeeding Terry Rafih, who resigned.
Glass House Brands Inc. reported John Pérez stepping down from the board.
Christina Lake Cannabis Corp. re-elected all director nominees ahead of completing a $3 million deal to acquire outdoor cultivation facilities in Midway, British Columbia.
The Benzinga Cannabis Capital Conference is returning to Florida, scheduled for April 16 and 17, 2024, at The Diplomat Beach Resort in Hollywood.