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Latest Executive Changes in the Cannabis Industry: Who’s Who

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Green Thumb Industries Strengthens Board with New Additions

Green Thumb Industries Inc. GTII GTBIF, the cannabis company known for RISE Dispensaries, recently announced the appointment of Richard Reisin and Hannah (Buchan) Ross as independent members of its board of directors.

Richard Reisin will serve on the audit committee, while Hannah Ross will contribute to the audit and compensation committees. These new additions bring the company’s total board of directors to nine members.

Richard Reisin brings extensive experience in operations, legal affairs, finance, and accounting. Hannah Ross possesses knowledge in branding, capital markets, investments, finance, and procedures.

β€œBoth individuals will provide valuable insights and perspectives to the Board, and we are excited about the positive impact they will have on our business as we prepare for the future of cannabis in the United States, including a potential listing on a major U.S. exchange,” said Ben Kovler, founder, chairman, and CEO of Green Thumb Industries.

In addition, Wendy Berger, another board member of the Chicago-based cannabis operator, shared data at the Benzinga Cannabis Capital Conference in Chicago that revealed women hold 25% of the total board of director seats at the 11 largest publicly traded cannabis companies by market cap, while minorities hold 11%.

Canopy Growth Corporation Elects New Directors

Canopy Growth Corporation WEED CGC has announced the results of its annual general and special shareholders meeting held earlier this week.

All nominees for director positions were elected to serve on the company’s board until the next annual shareholders meeting or until a successor is elected or appointed. The elected directors include:

  • Judy A. Schmeling
  • David Klein
  • Garth Hankinson
  • Robert L. Hanson
  • David Lazzarato
  • James A. Sabia
  • Theresa Yanofsky

Goodness Growth Holdings CFO Steps Down

Goodness Growth Holdings, Inc. GDNS GDNSF announced on Tuesday that CFO John Heller has chosen to leave the company, effective September 30, to pursue a new opportunity externally.

Josh Rosen, interim CEO of Goodness Growth Holdings, will take on the additional role of interim CFO.

β€œThe expertise of the team that John has built, combined with our streamlined organization, gives us confidence that we can fulfill our CFO responsibilities using our existing internal resources,” Rosen commented.

TILT Holdings Names Tim Conder as Permanent CEO

TILT Holdings Inc. TILT TLLTF announced that interim CEO Tim Conder has assumed the role of permanent CEO.

Tim Conder has been a member of TILT’s board of directors since October 2019, served as the company’s president and chief operating officer from July 2019 to November 2020, and has been interim CEO since April 2023.

In addition, Art Smuck has been appointed as the new chair of the board, succeeding John Barravecchia, who will continue to serve as a board member and chair of the audit committee.

Art Smuck brings extensive experience in leading cannabis brands and managing complex distribution operations to his new role.

With 15 years of experience in operating innovative, high-performing teams in the technology, logistics, and supply chain sectors, Tim Conder co-founded Blackbird Logistics in 2015, a technology and logistics provider in the cannabis space, and most recently served as president of the Blackbird business unit and chief technology officer at HERBL, Inc., a distributor and supply chain provider for cannabis.

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Photo: Courtesy of geralt, lindsayfox Pixabay

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