Green Thumb Industries Inc., a national cannabis consumer packaged goods (CPG) company and owner of RISE Dispensaries, announced that Richard Drexler and Jeff Goldman will join the company’s board of directors.
“There comes a time in a company’s evolution that a change in leadership is required, and we regret that there was an impasse with the former board members,” said Green Thumb Founder, Chairman, and Chief Executive Officer Ben Kovler. “There are massive opportunities in front of us, and we now have a board aligned with management to provide increased shareholder value. As we enter this next phase for the company, Richard’s financial discipline and Jeff’s strategic brand experience will help us continue to win as we deliver on our long-term vision.”
Quotes from appointed
GTI has proven itself as a truly remarkable cannabis company with a strong purpose,” said Drexler. “I am thrilled to join Ben and the team at such a pivotal time and drive growth and operational excellence as we help deliver on the company’s growth strategies to maximize shareholder value.”
“I’m honored to join Green Thumb, a company creating some of the most iconic brands within the cannabis space,” said Goldman. “Their ability to innovate with products and create brands and retail environments that resonate with consumers is extremely valuable. I am excited to work alongside Ben and the entire team to ensure that GTI remains the undisputed market leader.”
Reason for resignation unknown
Drexler will assume the role of Chair of the Audit Committee in this new capacity. The appointments follow the resignation of three board members, William Gruver, Glen Senk, and Dorri McWhorter. The resigning directors informed management that their cause for the resignation was not related to Green Thumb’s business performance, operations, financial performance, financial statements, or financial controls.
However, rather than a disagreement as to the company’s policies and practices related to personal misconduct. It became clear that the former directors and existing management could not find a resolution satisfactory to all parties.
For more information:
Green Thumb Industries
www.gtigrows.com