Nextleaf's Board of Directors has announced the departure of Paul Pedersen from his role as Chief Executive Officer and President, effective September 8, 2023. Pedersen had been Nextleaf's CEO and President since inception and remains on the Board of Directors.
The company is pleased to announce the appointment of Emma Andrews, BA, RHN, NPDP, to the role of Interim Chief Executive Officer. Andrews has worked closely with Nextleaf leadership and executive team since the company's origin, most recently as the Director of Marketing, she oversaw the company's entry into branded consumer products and was integral in creating the company's mission, vision, values, and corporate identity.
Andrews has held senior management and public company executive officer roles across every vertical in the cannabis industry, including cultivation/harvesting, processing, retail, ancillary, and consumer products. This is in addition to over a decade of working in the Natural Products Industry to help scale emerging brands into category leaders.
"I am energized and excited to accelerate Nextleaf's recent performance. The company has achieved some incredible financial milestones, including a profitable Q3 2023, a secured debt-free position, and a Q3 9-month YTD positive EBITDA. We are in a strategic commercial position to finish the year off strong," says Andrews.
"We would like to thank Paul Pedersen for his service since the company's inception. The company is grateful for all his dedication and passion and would like to acknowledge the critical role his contributions have played in our success. Looking ahead, the Leadership Team remains committed to the company's commercialization roadmap, continued financial growth, and deepening our operational expertise," Andrews concludes.