Cannabis Movers & Shakers: Delaware's New Marijuana Commissioner And Latest Industry Appointments

Delaware Governor's Pick For Marijuana Commissioner Confirmed

• The Delaware State Senate confirmed Robert Coupe, formerly a Superintendent of the Delaware State Police, to become the first cannabis commissioner for the state, carrying the responsibility to develop the recreational marijuana sales market.
• On Wednesday afternoon, the Senate gave unanimous approval, passing by a vote of 19-0, to Governor John Carney's nomination of Coupe, who spent nearly three decades in the Delaware State Police, with two senators absent.

NJ Gains New Executive Director To Take on Cannabis Training Academy

• Meanwhile, Tauhid Chappell has been appointed executive director of the Cannabis Training Academy (CTA), a position created by the New Jersey Business Action Center (NJBAC).
• The program is scheduled to kick off later this year. It aspires to help individuals secure an adult-use cannabis operator's license and explore ancillary business opportunities, with a focus on those from underserved communities disproportionately impacted by cannabis prohibition.

New CFO Appointments, Transitions And Resignations

Trulieve

• Trulieve Cannabis Corp. TRUL TCNNF announced the appointment of Tim Mullany as CFO, replacing Alex D'Amico, effective July 10.
• Mullany has over two decades of experience in accounting and finance, including prior CFO roles at publicly traded companies Jack in the Box Inc. and RAVE Restaurant Group.
• Ryan Blust, the company's vice president of finance, will serve as interim CFO until Mullany assumes the role.

MedMen

• Cannabis retailer MedMen Enterprises Inc. MMEN MMNFF announced the resignation of Ana Bowman as CFO, effective June 29, 2023. Bowman has served as CFO since 2022.

New Board Appointments In Four Companies

Xebra

• Xebra Brands Ltd. XBRA XBRAF 9YC announced on Friday the appointment of Erick Ponce to the company's board of directors.
• Ponce is a businessman, investor, and entrepreneur and the founder and executive director of ICAN, one of Mexico's leading medical cannabis and cannabinoid science companies in the market in Latin America.

1933 Industries

• Nevada-based 1933 Industries Inc. TGIF TGIFF tapped Curtis Floyd to serve on its board of directors.
• Floyd is a seasoned businessman and attorney with public company board expertise in the cannabis industry. He served .on the board of directors of California-based cannabis producer Next Green Wave.
• Ranson Shepherd opted to depart as director.

Two Toronto Cannabis Businesses Announce Results Of Annual General Meetings Of Shareholders

Meanwhile, the two Toronto-based cannabis operators announced that their shareholders had approved all resolutions at their respective annual general meetings, including members of the board of directors, among other things.

• Red White & Bloom Brands Inc. RWB RWBYF said the number of directors is now set at six, with the following nominees re-elected as directors, including Brad Rogers, Johannes (Theo) van der Linde, Michael Marchese, Brendan Purdy and Colby De Zen, while Gabriel Bianchi was elected as a new director.
• TerrAscend Corp. TER TRSSF said at the meeting that common shareholders at the meeting affirmatively approved the re-appointment of Craig Collard, Ira Duarte, Ed Schutter, Kara DioGuardi and Jason Wild as directors of the company.

CannaPharmaRx Names New CEO

• CannaPharmaRx, Inc. CPMD appointed Dean Medwid as its new CEO, succeeding Domenic Colvin.
• Medwid is a dynamic senior operations executive with over thirty years of experience in both public and private markets, focusing on scalable process engineering, brand development and strategic partnerships.

Other Industry Appointments

cbdMD

• cbdMD YCBD has tapped Dr. Lucille Vega to serve as their new medical advisor.
• This collaboration marks an exciting chapter for both parties, as they play a pivotal role in educating the public about the numerous benefits of CBD and cbdMD's commitment to quality and transparency.
• The partnership between cbdMD and Dr. Vega brings together a shared vision to empower individuals through unique medicinal alternatives and bring light to the benefits of CBD. As part of the partnership, Dr. Vega will serve as a brand ambassador.

Galaxy Treats

• Bryan Garrison, a seasoned industry veteran and founder of hemp brand Galaxy Treats and rising mushroom brand Troomy Nootropics, has been appointed as vice president of alternative products at Streamline Group – an industry-leading nicotine and alternative products manufacturer.
• In his new position, Garrison will put his focus on the development and growth of Streamline Group's alternative products brand portfolio.

Treez

• Treez, an enterprise commerce technology platform that streamlines retail operations within the cannabis industry, recently introduced Suresh Khanna as president and chief operating officer. Khanna joins the company after several years as an executive advisor.
• Khanna's notable roles include successful tenures as CRO, president at NextRoll, and director of sales at Google.

Opus Consulting

• Cannabis-focused Opus Consulting Partners LLC has expanded its national footprint by adding senior advisor Cliff Miller.
• Miller is an accomplished business executive and real estate developer known for his visionary leadership and standard-setting operational excellence in established and emerging industries.
• As senior advisor, Miller will work with Opus Consulting clients operating in various industries to optimize their operations through strategic relationships, lending and other funding solutions, strategic investments, and technological efficiency and automation.

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