Cronos Promotes John Griese, Former Exec At Nestlé, PepsiCo And Supreme Cannabis

Canadian cannabis company Cronos Group CRON promoted John Griese, former chief operating officer of The Supreme Cannabis Co., as senior vice president, head of North American operations, reported Marijuana Business Daily.

The Toronto-headquartered company provided no official press release on the management change, though the move was reported in a regulatory filing last week.

Griese first joined Cronos as vice president of operations last August, shortly after Canopy Growth Corp. CGC acquired Supreme in a $345 million deal.

Prior to joining Supreme Cannabis, Griese honed his operational experience in the cannabis industry as the COO for medical and recreational marijuana operators Creso Pharma Limited CPH COPHF in Australia and Bloom Farms in California. He also held executive-level positions in operations and supply chain with Nestlé NESN NSRGY and PepsiCo Inc. PEP.

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Price Action

Cronos Group shares traded 1.25% higher at $3.64 per share during Thursday's pre-market session.

Photo by Chris Liverani on Unsplash