Top Cannabis Appointments You Should Know About: Aurora's New CFO And Other Changes
New Cannabis CEOs, CFOs And Other Appointments
Canadian medical cannabis giant Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) announced on Tuesday that Simona King, a former executive of Bristol Myers-Squibb (NYSE:BMY) has been named the company's new CFO, replacing Glen Ibbott at the new role.
Aurora simultaneously announced the completion of its consolidation of the common shares of the company on a 10 to 1 basis. The common shares will begin trading on a post-consolidation basis on the NASDAQ Capital Market and the Toronto Stock Exchange (TSX) under the symbol “ACB” at the opening of trading on Tuesday.
Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) kicked off the month by announcing the promotion of Greg Butler to the position of president. Butler, who joined the Chicago-based company in 2020 as CCO, agreed to oversee all aspects of the company's operations, including production, retail operations, marketing and sales, corporate planning and investor relations.
Last week, The Hempshire Group, Inc. (TSXV:HMPG) said CEO and Director Alex Shegelman, has retired as CEO, while remaining on the board of directors of the Calgary, Alberta-based company. Tom Shuman, a CPG sales and marketing veteran, agreed to assume Shegelman's role as CEO, while Kevin Bautier, who has been working with Hampshire in accounting since its beginnings in 2019, has agreed to lead the company's finance department, as new CFO.
Vancouver-based cannabis company Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX: ROMJF) appointed Margaret Brodie as its new CEO. Brodie has been serving as interim CEO and CFO for over a year. The company also named Janis Risbin as CFO and corporate secretary. Serving first as director and VP, Risbin has been instrumental in the success of the company from the early start-up of the Canadian business.
Los Angeles-based STIIIZY INC. named Isaac Kim its new CFO earlier this month. Kim brings extensive corporate finance and C-suite experience as a seasoned financial leader who steered high-growth companies.
Another California-based cannabis operator Lowell Farms Inc. (CSE:LOWL) (OTCQX:LOWLF), appointed Jamie Schniedwind as its new director of finance. Schniedwind brings finance and accounting expertise to the company as the new CFO, replacing Tessa O'Dowd, who previously held the role of interim CFO.
AgriCann Solutions Corp.'s Dome Duong recently opted to resign as the company's CFO and as a director.
Saskatoon, Saskatchewan-based ZYUS Life Sciences Corporation (TSXV:ZYUS), a sciences company conducting scientific research and global development of innovative cannabinoid-based pharmaceutical drug products, appointed Hance Clarke, MD, PhD, FRCPC to the company's Clinical Advisory Committee.
See also: Who’s Who In Cannabis: January Executive Changes You Should Know About
Cannabis Board Changes
In the meantime, several cannabis companies made changes to their respective boards of directors.
The Colorado-based medical cannabis pioneer Charlotte’s Web Holdings, Inc. (OTCQX:CWBHF) (TSX:CWEB) tapped Matthew E. McCarthy, the former CEO of Ben & Jerry’s Homemade, to serve on its board earlier this month. The company said McCarthy is expected to bring a "unique blend of commercial acumen and deep commitment to social impact within the consumer-packaged goods (CPG) and natural products industries."
Bright Green Corporation (NASDAQ:BGXX), a company that was selected and approved by the US government to legally grow, manufacture, and sell cannabis and cannabis-related products for research, pharmaceutical applications and affiliated exports, said its CEO Groovy Singh opted to join the company's board. Simultaneously, co-founder Lynn Stockwell was named the new chair of the board, replacing Terry Rafih, who resigned.
Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) recently said John Pérez has stepped down from the board, due to increasing commitments with his current employer.
Christina Lake Cannabis Corp. (CSE:CLC) (OTCQB:CLCFF) (FRANKFURT: CLB) re-elected all director nominees, including Joel Dumaresq, Salvatore Milia, Nicco Dehaan, Mervin Boychuk, Gil Playford and James McMillan to its board ahead of completing a $3 million deal to acquire outdoor cultivation facilities in Midway, British Columbia, related harvesting and manufacturing equipment, and approximately 19,000 kg. of cannabis biomass.
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