CannaSafe To Open Cannabis Testing Labs In Oregon, Florida And Illinois Under New CEO

CannaSafe, an ISO-accredited cannabis testing laboratory that services roughly 30% of the California cannabis market, announced Wednesday that Aaron Riley, the company's former president, has been named CEO.

The news follows a buyout of the company’s previous business partners.

As president, Aaron has grown CannaSafe from a three-person lab with a 100-square-foot facility to over 150 employees and a 12,500 square foot lab in Los Angeles, with a new 25,000 square-foot headquarters. 

New Locations

Additionally, CannaSafe announced it will be opening new testing labs in Oregon, Florida, and Illinois. They're expected to be operational between the second and third financial quarters.

With cannabis businesses deemed essential in certain markets, and increased demand for cannabis during the COVID-19 pandemic, CannaSafe will utilize the additional laboratories to ensure consumer safety under the continuation of the cannabis supply chain.

See Also: Exclusive: HempMeds Names Caroline Heinz And Raul Elizalde As Co-CEOs

“Even in this chaotic COVID-19 era where we’re seeing a resurgence of the illicit market, we’re continuing our strong focus on consumer safety through awareness and education—and by ensuring that our lab remains open to support essential businesses who are working hard to produce safe cannabis, hemp, and CBD products for patients and users,” Riley told Benzinga.

“We have received many inquires and requests to bring our lab services to other states. By expanding our lab network across the country, we aim to bring the same strict quality standards and deeply-rooted core values we practice in California to each location, and will leverage our growth to support the legal cannabis and hemp movement worldwide.”

Noticias sobre cannabis en Español en El Planteo.

Photo courtesy of CannaSafe.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsMovers & ShakersManagementMarketsGeneralAaron Rileycannabis industryCannaSafe
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.